Federated Investors Inc. PA lifted its position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 16.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 91,390 shares of the company’s stock after buying an additional 12,703 shares during the period. Federated Investors Inc. PA owned approximately 0.30% of Commercial Vehicle Group worth $772,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Rockshelter Capital Management LLC increased its holdings in Commercial Vehicle Group by 409.5% in the 1st quarter. Rockshelter Capital Management LLC now owns 875,165 shares of the company’s stock valued at $5,925,000 after purchasing an additional 703,385 shares in the last quarter. ClariVest Asset Management LLC increased its holdings in Commercial Vehicle Group by 758.2% in the 2nd quarter. ClariVest Asset Management LLC now owns 625,054 shares of the company’s stock valued at $5,282,000 after purchasing an additional 552,225 shares in the last quarter. Royce & Associates LP increased its holdings in Commercial Vehicle Group by 35.5% in the 1st quarter. Royce & Associates LP now owns 1,573,856 shares of the company’s stock valued at $10,655,000 after purchasing an additional 412,355 shares in the last quarter. James Investment Research Inc. acquired a new stake in Commercial Vehicle Group in the 2nd quarter valued at $1,447,000. Finally, Cadence Capital Management LLC acquired a new stake in Commercial Vehicle Group in the 1st quarter valued at $1,017,000. Institutional investors and hedge funds own 73.62% of the company’s stock.
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Shares of Commercial Vehicle Group, Inc. (NASDAQ CVGI) opened at 6.48 on Tuesday. Commercial Vehicle Group, Inc. has a one year low of $4.36 and a one year high of $9.62. The firm has a market capitalization of $193.58 million, a P/E ratio of 85.26 and a beta of 0.71. The company has a 50-day moving average price of $6.73 and a 200 day moving average price of $7.51.
Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings results on Monday, August 7th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.05). The business had revenue of $195.13 million for the quarter, compared to the consensus estimate of $186.20 million. Commercial Vehicle Group had a net margin of 0.34% and a return on equity of 10.65%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.10 EPS. Analysts expect that Commercial Vehicle Group, Inc. will post $0.36 earnings per share for the current fiscal year.
Separately, Zacks Investment Research downgraded Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Friday, August 11th.
About Commercial Vehicle Group
Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.
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