Renaissance Technologies LLC Has $8.34 Million Position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Renaissance Technologies LLC lessened its stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,701,859 shares of the company’s stock after selling 25,400 shares during the period. Renaissance Technologies LLC owned 4.95% of Commercial Vehicle Group worth $8,339,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. SummerHaven Investment Management LLC raised its position in shares of Commercial Vehicle Group by 4.5% during the second quarter. SummerHaven Investment Management LLC now owns 70,670 shares of the company’s stock worth $346,000 after acquiring an additional 3,065 shares during the last quarter. Heron Bay Capital Management lifted its position in Commercial Vehicle Group by 20.5% during the 1st quarter. Heron Bay Capital Management now owns 19,887 shares of the company’s stock valued at $128,000 after purchasing an additional 3,390 shares during the period. Perritt Capital Management Inc. boosted its stake in shares of Commercial Vehicle Group by 4.7% in the 4th quarter. Perritt Capital Management Inc. now owns 75,900 shares of the company’s stock valued at $532,000 after purchasing an additional 3,400 shares during the last quarter. Rhumbline Advisers grew its position in shares of Commercial Vehicle Group by 9.1% during the 2nd quarter. Rhumbline Advisers now owns 49,629 shares of the company’s stock worth $243,000 after buying an additional 4,130 shares during the period. Finally, Aigen Investment Management LP raised its stake in shares of Commercial Vehicle Group by 75.6% during the fourth quarter. Aigen Investment Management LP now owns 20,919 shares of the company’s stock worth $147,000 after buying an additional 9,005 shares during the last quarter. Institutional investors and hedge funds own 72.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CVGI. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Commercial Vehicle Group in a research note on Monday, August 5th. StockNews.com raised Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd.

Commercial Vehicle Group Stock Up 4.2 %

Commercial Vehicle Group stock opened at $3.49 on Wednesday. Commercial Vehicle Group, Inc. has a fifty-two week low of $3.03 and a fifty-two week high of $8.03. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.06 and a quick ratio of 1.27. The firm has a market capitalization of $119.98 million, a price-to-earnings ratio of 2.66, a PEG ratio of 0.50 and a beta of 2.46. The company’s 50 day simple moving average is $3.95 and its 200 day simple moving average is $5.05.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.11). The firm had revenue of $229.91 million during the quarter, compared to analyst estimates of $237.69 million. Commercial Vehicle Group had a net margin of 3.42% and a return on equity of 10.07%. During the same period last year, the firm earned $0.32 EPS. As a group, sell-side analysts anticipate that Commercial Vehicle Group, Inc. will post 0.3 EPS for the current 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.