Peapod Lane Capital LLC Acquires New Position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Peapod Lane Capital LLC purchased a new position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 565,090 shares of the company's stock, valued at approximately $650,000. Peapod Lane Capital LLC owned approximately 1.63% of Commercial Vehicle Group at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Anderson Financial Strategies LLC acquired a new position in Commercial Vehicle Group in the 4th quarter valued at about $752,000. Renaissance Technologies LLC lifted its holdings in shares of Commercial Vehicle Group by 14.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,978,959 shares of the company's stock worth $4,908,000 after acquiring an additional 254,364 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Commercial Vehicle Group during the 4th quarter worth approximately $431,000. D. E. Shaw & Co. Inc. lifted its stake in Commercial Vehicle Group by 36.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 454,654 shares of the company's stock valued at $1,128,000 after purchasing an additional 120,996 shares during the last quarter. Finally, Millennium Management LLC bought a new position in Commercial Vehicle Group in the 4th quarter valued at approximately $297,000. 72.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Commercial Vehicle Group Trading Down 4.8%

Shares of CVGI traded down $0.10 during trading hours on Friday, hitting $1.87. 63,798 shares of the stock were exchanged, compared to its average volume of 329,625. The firm has a market capitalization of $64.60 million, a P/E ratio of -1.78 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 $5.69. The business has a 50-day moving average of $1.44 and a 200-day moving average of $1.63. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.12 and a quick ratio of 1.23.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.08) earnings per share for the quarter, beating 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 company had revenue of $169.80 million for the quarter, compared to analyst estimates of $163.50 million. On average, research analysts expect that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current year.

About Commercial Vehicle Group

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.