Huber Capital Management LLC Grows Stock Holdings in Commercial Vehicle Group, Inc. $CVGI

Key Points

• Huber Capital Management LLC increased its stake in Commercial Vehicle Group by 39.3%, acquiring an additional 400,004 shares, bringing its total ownership to approximately 4.09% valued at $1.63 million.
• Several other hedge funds also acquired new stakes in Commercial Vehicle Group, indicating growing institutional interest, with institutional investors now owning 72.32% of the company's stock.
• Commercial Vehicle Group reported a loss of ($0.09) EPS for the recent quarter, missing estimates, though revenue outperformed expectations at $171.96 million.

Huber Capital Management LLC grew its holdings in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Free Report) by 39.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,418,322 shares of the company's stock after buying an additional 400,004 shares during the quarter. Huber Capital Management LLC owned 4.09% of Commercial Vehicle Group worth $1,631,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CVGI. Peapod Lane Capital LLC bought a new position in Commercial Vehicle Group in the first quarter worth approximately $650,000. Anderson Financial Strategies LLC purchased a new stake in Commercial Vehicle Group during the fourth quarter worth $752,000. Raymond James Financial Inc. purchased a new stake in Commercial Vehicle Group during the fourth quarter worth $431,000. D. E. Shaw & Co. Inc. lifted its holdings in Commercial Vehicle Group by 36.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 454,654 shares of the company's stock worth $1,128,000 after buying an additional 120,996 shares during the period. Finally, Millennium Management LLC purchased a new stake in Commercial Vehicle Group during the fourth quarter worth $297,000. Institutional investors own 72.32% of the company's stock.

Commercial Vehicle Group Stock Performance

CVGI stock traded down $0.05 during midday trading on Tuesday, reaching $1.71. The stock had a trading volume of 38,555 shares, compared to its average volume of 357,612. The stock has a market cap of $63.20 million, a PE ratio of -1.52 and a beta of 1.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.41. The firm has a fifty day simple moving average of $1.81 and a two-hundred day simple moving average of $1.53. Commercial Vehicle Group, Inc. has a 52-week low of $0.81 and a 52-week high of $3.63.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02). The firm had revenue of $171.96 million during the quarter, compared to analysts' expectations of $161.63 million. Commercial Vehicle Group had a negative return on equity of 7.40% and a negative net margin of 5.66%. Commercial Vehicle Group has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded 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.