Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Stock Position Cut by Royce & Associates LP

Royce & Associates LP cut its stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Free Report) by 14.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,926,234 shares of the company's stock after selling 327,377 shares during the period. Royce & Associates LP owned 5.56% of Commercial Vehicle Group worth $2,215,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CVGI. Peapod Lane Capital LLC acquired a new stake in shares of Commercial Vehicle Group during the first quarter worth $650,000. Wealthedge Investment Advisors LLC acquired a new stake in shares of Commercial Vehicle Group during the fourth quarter worth $151,000. Squarepoint Ops LLC acquired a new stake in shares of Commercial Vehicle Group during the fourth quarter worth $47,000. Two Sigma Investments LP raised its holdings in shares of Commercial Vehicle Group by 68.7% during the fourth quarter. Two Sigma Investments LP now owns 225,648 shares of the company's stock worth $560,000 after purchasing an additional 91,908 shares during the period. Finally, Occudo Quantitative Strategies LP acquired a new stake in shares of Commercial Vehicle Group during the fourth quarter worth $79,000. 72.32% of the stock is owned by institutional investors and hedge funds.

Commercial Vehicle Group Stock Performance

Shares of NASDAQ:CVGI traded up $0.02 on Friday, reaching $1.71. 63,617 shares of the company's stock were exchanged, compared to its average volume of 388,393. The firm has a market capitalization of $59.23 million, a price-to-earnings ratio of -1.64 and a beta of 2.08. Commercial Vehicle Group, Inc. has a fifty-two week low of $0.81 and a fifty-two week high of $5.01. The business's 50-day moving average is $1.62 and its two-hundred day moving average is $1.58. The company has a quick ratio of 1.23, a current ratio of 2.12 and a debt-to-equity ratio of 0.76.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.07. Commercial Vehicle Group had a negative net margin of 4.78% and a negative return on equity of 3.86%. The business had revenue of $169.80 million for the quarter, compared to analysts' expectations of $163.50 million. As a group, equities research analysts forecast that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Commercial Vehicle Group from a "sell" rating to a "hold" rating in a report on Saturday, June 7th.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.