Walleye Capital LLC Acquires New Shares in Commercial Vehicle Group, Inc. $CVGI

Walleye Capital LLC bought a new position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 249,472 shares of the company’s stock, valued at approximately $851,000.

Several other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in shares of Commercial Vehicle Group by 46.1% during the 4th quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock worth $81,000 after acquiring an additional 10,242 shares in the last quarter. Jane Street Group LLC lifted its holdings in Commercial Vehicle Group by 259.3% in the 1st quarter. Jane Street Group LLC now owns 74,086 shares of the company’s stock worth $85,000 after purchasing an additional 53,468 shares during the last quarter. XTX Topco Ltd bought a new stake in Commercial Vehicle Group during the second quarter worth approximately $174,000. Arrowstreet Capital Limited Partnership bought a new stake in Commercial Vehicle Group during the second quarter worth approximately $84,000. Finally, Qube Research & Technologies Ltd acquired a new position in Commercial Vehicle Group during the second quarter valued at approximately $78,000. 72.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on CVGI shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Commercial Vehicle Group in a research report on Tuesday, June 9th. Barrington Research reaffirmed an “outperform” rating and set a $6.00 price objective on shares of Commercial Vehicle Group in a report on Monday, May 4th. Wall Street Zen upgraded shares of Commercial Vehicle Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Noble Financial reiterated an “outperform” rating on shares of Commercial Vehicle Group in a report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $6.00.

Commercial Vehicle Group Price Performance

Shares of NASDAQ:CVGI opened at $4.62 on Friday. The business has a 50 day moving average price of $4.91 and a 200 day moving average price of $3.55. Commercial Vehicle Group, Inc. has a twelve month low of $1.29 and a twelve month high of $5.88. The company has a market cap of $168.72 million, a price-to-earnings ratio of -8.88 and a beta of 1.43. The company has a quick ratio of 1.20, a current ratio of 2.13 and a debt-to-equity ratio of 0.69.

Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings results on Tuesday, May 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.04. The firm had revenue of $171.50 million for the quarter, compared to analyst estimates of $159.97 million. Commercial Vehicle Group had a negative return on equity of 12.47% and a negative net margin of 2.70%. Research analysts predict that Commercial Vehicle Group, Inc. will post -0.09 earnings per share for the current year.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc (NASDAQ: CVGI) is a global designer, engineer and manufacturer of seating systems and interior components for commercial vehicles. The company serves original equipment manufacturers (OEMs) in the on‐highway, off‐highway and specialty vehicle markets, supplying complete seating assemblies, suspension mechanisms and interior trim products. CVGI’s offerings are aimed at enhancing driver comfort, safety and overall vehicle usability across a diverse range of applications, from heavy‐duty trucks and transit buses to agricultural and construction equipment.

The company’s product portfolio is organized around three core segments: Seating, Controls and Interiors.