Huber Capital Management LLC Raises Stake 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 raised its position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Free Report) by 39.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peapod Lane Capital LLC bought a new stake in shares of Commercial Vehicle Group during the 1st quarter valued at $650,000. Millennium Management LLC bought a new position in shares of Commercial Vehicle Group during the fourth quarter worth about $297,000. Two Sigma Investments LP raised its position 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 acquiring an additional 91,908 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Commercial Vehicle Group by 13.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 82,711 shares of the company's stock worth $206,000 after acquiring an additional 9,800 shares during the last quarter. Finally, Wealthedge Investment Advisors LLC bought a new position in shares of Commercial Vehicle Group during the fourth quarter worth about $151,000. 72.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Commercial Vehicle Group Trading Down 1.7%

NASDAQ CVGI traded down $0.03 during trading hours on Monday, hitting $1.76. 107,518 shares of the company's stock were exchanged, compared to its average volume of 146,725. The stock has a 50-day simple moving average of $1.80 and a 200 day simple moving average of $1.53. Commercial Vehicle Group, Inc. has a 1-year low of $0.81 and a 1-year high of $3.65. The firm has a market cap of $65.08 million, a price-to-earnings ratio of -1.56 and a beta of 1.80. The company has a current ratio of 2.41, a quick ratio of 1.48 and a debt-to-equity ratio of 0.82.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last released its earnings results on Monday, August 4th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). Commercial Vehicle Group had a negative return on equity of 7.40% and a negative net margin of 5.66%.The business had revenue of $171.96 million for the quarter, compared to analyst estimates of $161.63 million. Commercial Vehicle Group has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current fiscal year.

Commercial Vehicle Group 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.