369,986 Shares in Commercial Vehicle Group, Inc. $CVGI Acquired by Sei Investments Co.

Key Points

• Sei Investments Co. acquired 369,986 shares of Commercial Vehicle Group, valued at approximately $1.26 million and representing a 1.02% stake. Institutional investors collectively own 72.32% of CVGI.
• Analyst sentiment is mixed, with two Buy ratings, one Hold, and one Sell; the consensus rating is Hold with a $6.00 price target.
• CVGI recently reported an adjusted quarterly loss of $0.13 per share, missing expectations of a $0.05 loss, although revenue of $195.24 million exceeded the $171.58 million consensus estimate. Shares opened at $3.32, well below the consensus target.

Sei Investments Co. acquired a new stake in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 369,986 shares of the company's stock, valued at approximately $1,262,000. Sei Investments Co. owned 1.02% of Commercial Vehicle Group as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CVGI. Engineers Gate Manager LP lifted its position in shares of Commercial Vehicle Group by 87.1% during the second quarter. Engineers Gate Manager LP now owns 20,116 shares of the company's stock worth $33,000 after purchasing an additional 9,364 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Commercial Vehicle Group by 46.1% during the fourth quarter. Bank of America Corp DE now owns 32,473 shares of the company's stock valued at $81,000 after purchasing an additional 10,242 shares during the period. Jane Street Group LLC grew its holdings in shares of Commercial Vehicle Group by 14.8% in the fourth quarter. Jane Street Group LLC now owns 90,989 shares of the company's stock worth $131,000 after purchasing an additional 11,742 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in Commercial Vehicle Group by 2.6% in the 4th quarter. Gamco Investors INC. ET AL now owns 595,818 shares of the company's stock worth $858,000 after buying an additional 14,818 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Commercial Vehicle Group by 34.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 78,421 shares of the company's stock worth $113,000 after buying an additional 20,058 shares during the period. Institutional investors own 72.32% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on CVGI. Noble Financial reissued an "outperform" rating on shares of Commercial Vehicle Group in a research report on Thursday, May 7th. Wall Street Zen lowered shares of Commercial Vehicle Group from a "buy" rating to a "hold" rating in a research report on Monday. Barrington Research reaffirmed an "outperform" rating and set a $6.00 price target on shares of Commercial Vehicle Group in a research note on Monday, May 4th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Commercial Vehicle Group in a report on Tuesday, June 9th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $6.00.

Commercial Vehicle Group Stock Up 0.3%

NASDAQ:CVGI opened at $3.32 on Wednesday. Commercial Vehicle Group, Inc. has a 1-year low of $1.29 and a 1-year high of $5.88. The company has a 50-day moving average of $4.66 and a 200 day moving average of $3.76. The firm has a market cap of $134.89 million, a PE ratio of -4.96 and a beta of 1.45. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.98 and a quick ratio of 1.16.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.08). Commercial Vehicle Group had a negative net margin of 3.42% and a negative return on equity of 13.91%. The business had revenue of $195.24 million during the quarter, compared to the consensus estimate of $171.58 million. As a group, research analysts anticipate that Commercial Vehicle Group, Inc. will post -0.2 EPS for the current fiscal year.

About Commercial Vehicle Group

Commercial Vehicle Group, Inc NASDAQ: CVGI is a global designer, engineer and manufacturer of seating systems and interior components for commercial vehicles. The company serves original equipment manufacturers (OEMs) in the on‐highway, off‐highway and specialty vehicle markets, supplying complete seating assemblies, suspension mechanisms and interior trim products. CVGI's offerings are aimed at enhancing driver comfort, safety and overall vehicle usability across a diverse range of applications, from heavy‐duty trucks and transit buses to agricultural and construction equipment.

The company's product portfolio is organized around three core segments: Seating, Controls and Interiors.

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