Calamos Advisors LLC Has $385,000 Stock Holdings in CECO Environmental Corp. (NASDAQ:CECO)

Calamos Advisors LLC cut its stake in CECO Environmental Corp. (NASDAQ:CECO - Free Report) by 84.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,878 shares of the company's stock after selling 95,197 shares during the quarter. Calamos Advisors LLC's holdings in CECO Environmental were worth $385,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Hood River Capital Management LLC boosted its position in shares of CECO Environmental by 63.0% in the fourth quarter. Hood River Capital Management LLC now owns 1,740,740 shares of the company's stock worth $52,623,000 after purchasing an additional 673,050 shares during the period. Voya Investment Management LLC grew its holdings in CECO Environmental by 6,409.3% during the 4th quarter. Voya Investment Management LLC now owns 645,853 shares of the company's stock worth $19,524,000 after acquiring an additional 635,931 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of CECO Environmental in the 4th quarter valued at about $7,334,000. Capital International Investors raised its position in shares of CECO Environmental by 12.1% in the 4th quarter. Capital International Investors now owns 1,971,334 shares of the company's stock valued at $59,593,000 after purchasing an additional 212,476 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of CECO Environmental by 53.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 584,712 shares of the company's stock valued at $17,676,000 after purchasing an additional 204,392 shares during the last quarter. 68.08% of the stock is owned by hedge funds and other institutional investors.

CECO Environmental Stock Performance

Shares of NASDAQ CECO traded down $0.18 during mid-day trading on Tuesday, hitting $29.61. 178,067 shares of the company were exchanged, compared to its average volume of 275,536. The company has a quick ratio of 1.52, a current ratio of 1.71 and a debt-to-equity ratio of 1.17. The stock has a 50 day simple moving average of $27.39 and a 200-day simple moving average of $26.08. CECO Environmental Corp. has a 1-year low of $17.57 and a 1-year high of $35.16. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33.

CECO Environmental (NASDAQ:CECO - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.10 earnings per share for the quarter, meeting analysts' consensus estimates of $0.10. The business had revenue of $176.70 million during the quarter, compared to analysts' expectations of $151.53 million. CECO Environmental had a return on equity of 10.10% and a net margin of 7.80%. The business's quarterly revenue was up 39.9% on a year-over-year basis. On average, sell-side analysts forecast that CECO Environmental Corp. will post 0.67 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on CECO. HC Wainwright raised shares of CECO Environmental from a "neutral" rating to a "buy" rating and set a $33.00 target price for the company in a report on Wednesday, April 30th. Needham & Company LLC boosted their price target on shares of CECO Environmental from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $36.00.

CECO Environmental Company Profile

CECO Environmental Corp. provides critical solutions in industrial air quality, industrial water treatment, and energy transition solutions worldwide. It operates in two segments: Engineered Systems and Industrial Process Solutions. The company engineers, designs, manufactures, and installs non-metallic expansion joints and flow control products, including rubber expansion joints, ducting expansion joints, and industrial pinch and duck bill valves; membrane-based industrial water and wastewater treatment systems; and provides dust and fume extraction solutions comprising consultation, design, manufacturing, installation, and service, as well as water and wastewater treatment solutions.