Huber Capital Management LLC Cuts Stock Position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Huber Capital Management LLC lessened its stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 4.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,018,318 shares of the company’s stock after selling 52,391 shares during the quarter. Huber Capital Management LLC owned approximately 2.95% of Commercial Vehicle Group worth $2,525,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its holdings in Commercial Vehicle Group by 129.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 43,869 shares of the company’s stock worth $143,000 after buying an additional 24,786 shares during the last quarter. State Street Corp increased its position in shares of Commercial Vehicle Group by 0.7% during the third quarter. State Street Corp now owns 644,880 shares of the company’s stock worth $2,096,000 after purchasing an additional 4,527 shares in the last quarter. Barclays PLC raised its stake in Commercial Vehicle Group by 283.2% in the 3rd quarter. Barclays PLC now owns 44,156 shares of the company’s stock valued at $143,000 after purchasing an additional 32,633 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Commercial Vehicle Group by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 704,325 shares of the company’s stock valued at $2,289,000 after purchasing an additional 16,145 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Commercial Vehicle Group by 51.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,333 shares of the company’s stock worth $235,000 after purchasing an additional 24,437 shares during the last quarter. 72.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Commercial Vehicle Group from a “hold” rating to a “sell” rating in a research report on Friday, March 21st.

Commercial Vehicle Group Price Performance

NASDAQ:CVGI opened at $1.28 on Thursday. Commercial Vehicle Group, Inc. has a one year low of $1.11 and a one year high of $6.64. The stock has a market cap of $44.34 million, a PE ratio of 1.25, a P/E/G ratio of 0.43 and a beta of 2.21. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 2.31. The stock has a 50 day moving average price of $1.84 and a 200 day moving average price of $2.38.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings results on Monday, March 10th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Commercial Vehicle Group had a return on equity of 5.17% and a net margin of 3.98%. The company had revenue of $163.29 million for the quarter, compared to analysts’ expectations of $158.37 million. Equities research analysts expect that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current fiscal year.

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.