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

Forager Capital Management LLC cut its position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 43.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,937,099 shares of the company’s stock after selling 1,500,672 shares during the quarter. Commercial Vehicle Group accounts for about 2.0% of Forager Capital Management LLC’s holdings, making the stock its 12th largest holding. Forager Capital Management LLC owned about 0.06% of Commercial Vehicle Group worth $4,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of CVGI. Royce & Associates LP raised its stake in Commercial Vehicle Group by 4.3% in the fourth quarter. Royce & Associates LP now owns 2,253,611 shares of the company’s stock valued at $5,589,000 after purchasing an additional 93,805 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Commercial Vehicle Group by 14.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,978,959 shares of the company’s stock worth $4,908,000 after buying an additional 254,364 shares during the last quarter. American Century Companies Inc. raised its position in shares of Commercial Vehicle Group by 2.5% during the 4th quarter. American Century Companies Inc. now owns 860,761 shares of the company’s stock valued at $2,135,000 after buying an additional 21,018 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Commercial Vehicle Group by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 726,227 shares of the company’s stock worth $1,801,000 after acquiring an additional 21,902 shares during the last quarter. Finally, Ironwood Investment Management LLC grew its position in Commercial Vehicle Group by 11.1% in the fourth quarter. Ironwood Investment Management LLC now owns 524,340 shares of the company’s stock worth $1,300,000 after acquiring an additional 52,282 shares in the last quarter. 72.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research note on Wednesday.

Commercial Vehicle Group Stock Up 13.0 %

Shares of CVGI opened at $1.35 on Friday. The firm has a market cap of $46.59 million, a P/E ratio of 1.32, a P/E/G ratio of 0.43 and a beta of 1.93. Commercial Vehicle Group, Inc. has a 1 year low of $0.81 and a 1 year high of $5.82. The stock has a 50 day simple moving average of $1.22 and a two-hundred day simple moving average of $1.94. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.31 and a quick ratio of 1.43.

Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings results on Tuesday, May 6th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.07. The company had revenue of $169.80 million for the quarter, compared to analyst estimates of $163.50 million. Commercial Vehicle Group had a net margin of 3.98% and a return on equity of 5.17%. On average, analysts forecast that Commercial Vehicle Group, Inc. will post 0.11 earnings per share for the current fiscal 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.