Clearstead Advisors LLC Cuts Stock Position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Clearstead Advisors LLC reduced its stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 38.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,102,979 shares of the company’s stock after selling 698,635 shares during the quarter. Commercial Vehicle Group comprises approximately 1.2% of Clearstead Advisors LLC’s holdings, making the stock its 17th largest position. Clearstead Advisors LLC owned 3.53% of Commercial Vehicle Group worth $8,846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nordea Investment Management AB boosted its position in shares of Commercial Vehicle Group by 3.3% in the 1st quarter. Nordea Investment Management AB now owns 139,100 shares of the company’s stock worth $1,067,000 after purchasing an additional 4,500 shares in the last quarter. Royce & Associates LP boosted its position in shares of Commercial Vehicle Group by 15.3% in the 1st quarter. Royce & Associates LP now owns 2,240,660 shares of the company’s stock worth $17,186,000 after purchasing an additional 297,233 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Commercial Vehicle Group by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,777,364 shares of the company’s stock valued at $10,131,000 after acquiring an additional 23,171 shares in the last quarter. Spark Investment Management LLC lifted its position in Commercial Vehicle Group by 52.4% in the 1st quarter. Spark Investment Management LLC now owns 68,599 shares of the company’s stock valued at $526,000 after acquiring an additional 23,599 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Commercial Vehicle Group by 11.8% in the 4th quarter. Geode Capital Management LLC now owns 361,006 shares of the company’s stock valued at $2,057,000 after acquiring an additional 38,138 shares in the last quarter. 82.10% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on CVGI shares. ValuEngine raised Commercial Vehicle Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 8th. Dougherty & Co started coverage on Commercial Vehicle Group in a research report on Tuesday, August 27th. They issued a “neutral” rating on the stock. BidaskClub raised Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research report on Friday, July 26th. Finally, Barrington Research started coverage on Commercial Vehicle Group in a research report on Thursday, August 29th. They issued an “outperform” rating and a $7.50 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Commercial Vehicle Group currently has a consensus rating of “Buy” and a consensus price target of $8.50.

CVGI stock opened at $7.09 on Friday. The stock has a market capitalization of $213.03 million, a PE ratio of 4.86 and a beta of 2.81. Commercial Vehicle Group, Inc. has a 12-month low of $5.35 and a 12-month high of $9.77. The company has a current ratio of 2.45, a quick ratio of 1.77 and a debt-to-equity ratio of 1.27. The stock’s 50 day simple moving average is $7.08 and its 200 day simple moving average is $7.66.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $243.19 million for the quarter. Commercial Vehicle Group had a return on equity of 30.50% and a net margin of 4.25%. On average, research analysts predict that Commercial Vehicle Group, Inc. will post 1.13 earnings per share for the current year.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, Electrical Systems and Global Seating. The Electrical Systems segment electronic provides wire harness assemblies that function as current carrying devices used to provide electrical interconnections for gauges, lights, control functions, power circuits, powertrain and transmission sensors, emissions systems, and other electronic applications on commercial vehicles; and panel assemblies and cabinets.

Featured Story: How does a reverse stock split work?

Institutional Ownership by Quarter for Commercial Vehicle Group (NASDAQ:CVGI)

Receive News & Ratings for Commercial Vehicle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Vehicle Group and related companies with MarketBeat.com's FREE daily email newsletter.