Two Sigma Investments LP cut its stake in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 19.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 237,813 shares of the company’s stock after selling 58,916 shares during the period. Two Sigma Investments LP’s holdings in Commercial Vehicle Group were worth $1,315,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of CVGI. Royce & Associates LP increased its position in Commercial Vehicle Group by 20.5% in the fourth quarter. Royce & Associates LP now owns 1,161,501 shares of the company’s stock valued at $6,423,000 after buying an additional 197,804 shares during the last quarter. Hapanowicz & Associates Financial Services Inc bought a new stake in Commercial Vehicle Group during the fourth quarter valued at about $240,000. Ironwood Investment Management LLC increased its stake in Commercial Vehicle Group by 1.7% in the third quarter. Ironwood Investment Management LLC now owns 256,495 shares of the company’s stock valued at $1,483,000 after buying an additional 4,180 shares in the last quarter. GSA Capital Partners LLP increased its stake in Commercial Vehicle Group by 17.4% in the fourth quarter. GSA Capital Partners LLP now owns 239,437 shares of the company’s stock valued at $1,324,000 after buying an additional 35,422 shares in the last quarter. Finally, Zacks Investment Management bought a new stake in Commercial Vehicle Group during the third quarter valued at about $301,000. Institutional investors and hedge funds own 62.12% of the company’s stock.
Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) opened at 5.80 on Wednesday. The stock has a market cap of $178.94 million, a P/E ratio of 25.22 and a beta of 0.84. Commercial Vehicle Group, Inc. has a 52-week low of $2.14 and a 52-week high of $6.50. The firm’s 50 day moving average price is $6.13 and its 200 day moving average price is $5.57.
Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Thursday, March 9th. The company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.04. The company earned $149.97 million during the quarter, compared to the consensus estimate of $153.10 million. Commercial Vehicle Group had a net margin of 0.59% and a return on equity of 9.49%. The business’s revenue for the quarter was down 18.8% compared to the same quarter last year. On average, analysts expect that Commercial Vehicle Group, Inc. will post $0.20 EPS for the current year.
Separately, Zacks Investment Research downgraded Commercial Vehicle Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 3rd.
About Commercial Vehicle Group
Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.
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