The New Radoff Bradley Louis Holding in Cdi Corp
Radoff Bradley Louis filed with the SEC SC 13D/A form for Cdi Corp. The form can be accessed here: 000092189516005885. As reported in Radoff Bradley Louis’s form, the filler as of late owns 7.2% or 1,335,000 shares of the Industrials–company.
Cdi Corp stake is a new one for the and it was filed because of activity on October 14, 2016. We feel this shows Radoff Bradley Louis’s positive view for the stock.
Cdi Corp Institutional Sentiment
Latest Security and Exchange filings show 89 investors own Cdi Corp. The institutional ownership in Q3 2015 is high, at 92.86% of the outstanding shares. This is increased by 6105435 the total institutional shares. 17272482 were the shares owned by these institutional investors. In total 2 funds opened new Cdi Corp stakes, 40 increased stakes. There were 6 that closed positions and 34 reduced them.
Deprince Race & Zollo Inc is an institutional investor bullish on Cdi Corp, owning 432059 shares as of Q3 2015 for 0.07% of its portfolio. Spectrum Advisory Services Inc owns 18985 shares or 0.07% of its portfolio. WA Glacier Peak Capital Llc have 0.71% of their stock portfolio for 149098 shares. Further, Heartland Advisors Inc reported stake worth 0.48% of its US stock portfolio. The CA Hawk Ridge Management Llc owns 387644 shares. Cdi Corp is 2.47% of the manager’s US portfolio.
CDI Corp. provides engineering, information technology and staffing solutions. The Company operates in three segments: Global Engineering and Technology Solutions (GETS), Professional Staffing Services (PSS) and Management Recruiters International (MRI). It provides staffing services through its MRINetwork of franchisees. The GETS segment provides engineering and information technology solutions that involve the production of deliverable work products or services performed at its facility or at a customer’s facility. The PSS segment provides technical and professional personnel for discrete periods of time to augment the customer’s workforce in times of project, seasonal, peak period or business cycle needs. The MRI segment is a global franchisor that does business as MRINetwork and provides the use of its trademarks, business systems and training and support services to its franchisees. It serves the oil, gas and chemicals, aerospace and industrial equipment, and hi-tech industries.
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 decreased to 0.67 in Q2 2016. Its down 0.88, from 1.55 in 2016Q1. The ratio is negative, as 11 funds sold all CDI Corp. shares owned while 32 reduced positions. 10 funds bought stakes while 19 increased positions. They now own 7.25 million shares or 15.53% less from 8.58 million shares in 2016Q1.
Bridgeway Mngmt Incorporated last reported 193,089 shares in the company. Boston Prns holds 0% of its portfolio in CDI Corp. (NYSE:CDI) for 298,739 shares. Glacier Peak Capital Limited accumulated 120,260 shares or 0.78% of the stock. Bank & Trust Of New York Mellon Corporation has invested 0% of its portfolio in CDI Corp. (NYSE:CDI). Alpine Prtnrs Vi Llc accumulated 18,652 shares or 0.05% of the stock. Morgan Stanley has 0% invested in the company for 75,860 shares. Ancora Advsrs Limited Liability Company last reported 110,700 shares in the company. Goldman Sachs holds 0% of its portfolio in CDI Corp. (NYSE:CDI) for 76,826 shares. D E Shaw holds 0% of its portfolio in CDI Corp. (NYSE:CDI) for 124,230 shares. Amer Group holds 0% of its portfolio in CDI Corp. (NYSE:CDI) for 2,401 shares. Blackrock accumulated 9,345 shares or 0% of the stock. The United Kingdom-based Gsa Capital Prns Llp has invested 0.01% in CDI Corp. (NYSE:CDI). Schwab Charles Inv Mngmt last reported 25,086 shares in the company. Moreover, Toronto Dominion Retail Bank has 0% invested in CDI Corp. (NYSE:CDI) for 17 shares. Pub Sector Pension Investment Board accumulated 12,582 shares or 0% of the stock.
Insider Transactions: Since September 27, 2016, the stock had 1 buying transaction, and 0 sales for $43,200 net activity. Another trade for 8,000 shares valued at $43,200 was bought by SMITH ALBERT E.
Analysts await CDI Corp. (NYSE:CDI) to report earnings on November, 2. They expect $-0.29 EPS, down 583.33% or $0.35 from last year’s $0.06 per share. After $-0.33 actual EPS reported by CDI Corp. for the previous quarter, Wall Street now forecasts -12.12% EPS growth.
The stock increased 3.77% or $0.22 on October 18, hitting $6.06. About 29,279 shares traded hands. CDI Corp. (NYSE:CDI) has risen 4.10% since March 15, 2016 and is uptrending. It has underperformed by 1.38% the S&P500.
CDI Corp. provides engineering, information technology and staffing solutions. The company has a market cap of $111.94 million. The Firm operates in three divisions: Global Engineering and Technology Solutions , Professional Staffing Services (PSS) and Management Recruiters International (MRI). It currently has negative earnings. It provides staffing services through its MRINetwork of franchisees.
More notable recent CDI Corp. (NYSE:CDI) news were published by: Prnewswire.com which released: “CDI Corp. To Continue To Provide Watercraft and Marine Engineering Services …” on October 17, 2016, also Prnewswire.com with their article: “CDI Corp. To Hold Third Quarter 2016 Earnings Conference Call on November 3” published on October 06, 2016, Prnewswire.com published: “CDI Corp. Board of Directors Accepts Resignation of Scott Freidheim, CEO” on September 16, 2016. More interesting news about CDI Corp. (NYSE:CDI) were released by: Prnewswire.com and their article: “CDI Corp. Reports Second Quarter 2016 Results” published on August 03, 2016 as well as Prnewswire.com‘s news article titled: “CDI Corp. Announces Sale of AndersElite UK Subsidiary” with publication date: September 19, 2016.
According to Zacks Investment Research, “CDI CORP. has three business segments: Technical Services, Temporary Services and Managment Recruiters. Technical Services segment offers four types of technical personnel services: technical staffing, managed staffing, managed technical outsourcing and consulting. Managment Recruiters segment primarily recruits management, technical, sales and clerical personnel for permanent employment positions. Temporary Services segment provides clerical, secretarial, office support, new product demonstration and survey and some semi-skilled light industrial personnel.”
CDI Company Profile
CDI Corp., incorporated on July 30, 1985, provides engineering, information technology and staffing solutions. The Company’s divisions include Global Engineering and Technology Solutions (GETS), Professional Staffing Services (PSS) and Management Recruiters International (MRI). The Firm also provides staffing services through its global MRINetwork of franchisees. The Company’s clients consist of multi-national, national and regional companies, and the United States Federal, state and local Governments. The Firm provides its services to clients in the oil, gas and chemicals, aerospace and industrial equipment, and information technology. The Firm also does business in other industries, including the infrastructure, the United States defense and transportation industries. The Firm serves clients through offices and delivery centers in the United States, Canada and the United Kingdom.
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