The New Michas Alexis P Holding in Lmi Aerospace Inc
Michas Alexis P filed with the SEC SC 13D/A form for Lmi Aerospace Inc. The form can be accessed here: 000094787116001549. As reported in Michas Alexis P’s form, the filler as of late owns 8.2% or 1,116,514 shares of the Industrials–company.
Lmi Aerospace Inc stake is a new one for the and it was filed because of activity on October 10, 2016. We feel this shows Michas Alexis P’s positive view for the stock.
Lmi Aerospace Inc Institutional Sentiment
Latest Security and Exchange filings show 40 investors own Lmi Aerospace Inc. The institutional ownership in Q3 2015 is low, at 41.63% of the outstanding shares. This is decreased by 286948 the total institutional shares. 5640385 were the shares owned by these institutional investors. In total 5 funds opened new Lmi Aerospace Inc stakes, 10 increased stakes. There were 14 that closed positions and 14 reduced them.
Plancorp Llc is an institutional investor bullish on Lmi Aerospace Inc, owning 25000 shares as of Q3 2015 for 0.23% of its portfolio. Paradigm Capital Management Inc owns 276889 shares or 0.35% of its portfolio. NY Adirondack Research & Management Inc have 1.48% of their stock portfolio for 376282 shares. Further, Rutabaga Capital Management Llc reported stake worth 0.81% of its US stock portfolio. The NY Tinicum Inc owns 100000 shares. Lmi Aerospace Inc is 0.50% of the manager’s US portfolio.
LMI Aerospace, Inc. is a supplier of structural assemblies, kits and components, and design engineering services to the aerospace and defense markets. The Company operates in two business segments consisting of its Aerostructures segment and its Engineering Services segment. Its Aerostructures segment fabricates, machines, finishes, integrates, assembles and kits machined and formed close tolerance aluminum, specialty alloy and composite components and higher level assemblies for use by the aerospace and defense industries. Its Engineering Services segment provides a range of design, engineering and program management services, supporting aircraft product lifecycles from conceptual design, analysis and certification through production support, fleet support and service life extensions through an engineering solution to original equipment manufacturers (OEMs) and Tier 1 aerospace suppliers, and airline operators.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment increased to 2.09 in Q2 2016. Its up 1.28, from 0.81 in 2016Q1. The ratio is positive, as 7 funds sold all LMI Aerospace, Inc. shares owned while 4 reduced positions. 11 funds bought stakes while 12 increased positions. They now own 6.30 million shares or 5.27% more from 5.98 million shares in 2016Q1.
Brown Brothers Harriman Co has 0% invested in the company for 400 shares. Renaissance holds 0% of its portfolio in LMI Aerospace, Inc. (NASDAQ:LMIA) for 214,900 shares. Creative Planning holds 0% of its portfolio in LMI Aerospace, Inc. (NASDAQ:LMIA) for 400 shares. Retail Bank Of America De accumulated 0% or 10,127 shares. Vanguard Group has 326,914 shares for 0% of their US portfolio. Blackrock Fund Advsr last reported 0% of its portfolio in the stock. Morgan Stanley accumulated 0% or 35,339 shares. California Employees Retirement Sys accumulated 50,500 shares or 0% of the stock. Paradigm Cap Inc Ny has 674,800 shares for 0.66% of their US portfolio. State Bank Of New York Mellon holds 0% or 27,412 shares in its portfolio. Blackrock Mngmt Limited Company holds 0% of its portfolio in LMI Aerospace, Inc. (NASDAQ:LMIA) for 1,959 shares. Bridgeway Capital accumulated 199,358 shares or 0.02% of the stock. Rutabaga Management Ltd Com Ma last reported 1% of its portfolio in the stock. Gsa Capital Prns Llp last reported 10,432 shares in the company. Tower Cap Ltd Liability Corporation (Trc), a New York-based fund reported 4,829 shares.
Insider Transactions: Since June 2, 2016, the stock had 0 insider purchases, and 5 selling transactions for $659,960 net activity. SAKS RONALD S had sold 9,060 shares worth $76,684 on Wednesday, June 15.
Analysts await LMI Aerospace, Inc. (NASDAQ:LMIA) to report earnings on November, 4. LMIA’s profit will be $136,414 for 181.25 P/E if the $0.01 EPS becomes a reality. After $0.13 actual EPS reported by LMI Aerospace, Inc. for the previous quarter, Wall Street now forecasts -92.31% negative EPS growth.
It is down 21.54% since March 8, 2016 and is downtrending. It has underperformed by 30.85% the S&P500.
LMI Aerospace, Inc. is a supplier of structural assemblies, kits and components, and design engineering services to the aerospace and defense markets. The company has a market cap of $98.90 million. The Firm operates in two business divisions consisting of its Aerostructures segment and its Engineering Services segment. It currently has negative earnings. The Company’s Aerostructures segment fabricates, machines, finishes, integrates, assembles and kits machined and formed close tolerance aluminum, specialty alloy and composite components and higher level assemblies for use by the aerospace and defense industries.
More recent LMI Aerospace, Inc. (NASDAQ:LMIA) news were published by: Globenewswire.com which released: “LMI Aerospace Engineering Services President Olsen Resigns” on September 23, 2016. Also Bizjournals.com published the news titled: “LMI Aerospace COO resigns” on July 26, 2016. Globenewswire.com‘s news article titled: “LMI Aerospace, Inc. Announces Fourth Quarter and Full-Year 2015 Results” with publication date: March 09, 2016 was also an interesting one.
According to Zacks Investment Research, “LMI Aerospace, Inc. is a leading fabricator, finisher and integrator of formed, close tolerance aluminum and specialty alloy components for use by the aerospace industry. For approximately 50 years the Company has been engaged in manufacturing components for a wide variety of aerospace applications. Components manufactured by the Company include leading edge wing slats, flaps and lens assemblies; cockpit window frame assemblies; fuselage skins and supports; and passenger and cargo door frames and supports.”
LMIA Company Profile
LMI Aerospace, Inc., incorporated on November 1, 1983, is a supplier of structural assemblies, kits and components, and design engineering services to the aerospace and defense markets. The Firm operates in two business divisions consisting of its Aerostructures segment and its Engineering Services segment. The Firm offers an array of manufacturing capabilities, as well as engineering and services to the commercial, corporate and regional, and military aircraft markets. It also provides prototyping, testing and design capabilities to clients in support of product development and in-service aircraft. In addition to aerospace products, the Company produces components and assemblies for laser equipment used by semiconductor equipment manufacturers, electronic and electrical wire harnesses, cable assemblies, and mechanical sub-assemblies for the air and rail traffic control, medical equipment, telecommunications and heavy equipment industries. The Firm also offers a range of value-added services, such as finishing; assembly; kitting; distribution; composite testing services; integrated testing services; engineered tool design, fabrication, and repair, and prototyping and manufacturing producibility design.
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