Connor Clark & Lunn Investment Management Ltd. Sells 15,857 Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Connor Clark & Lunn Investment Management Ltd. decreased its position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 10.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,577 shares of the company’s stock after selling 15,857 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.39% of Commercial Vehicle Group worth $431,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CVGI. Private Advisor Group LLC grew its position in shares of Commercial Vehicle Group by 79.0% in the 3rd quarter. Private Advisor Group LLC now owns 220,051 shares of the company’s stock worth $715,000 after buying an additional 97,091 shares during the period. Vanguard Group Inc. grew its holdings in Commercial Vehicle Group by 3.0% in the first quarter. Vanguard Group Inc. now owns 1,681,449 shares of the company’s stock worth $10,812,000 after purchasing an additional 48,443 shares during the period. Rhumbline Advisers grew its holdings in Commercial Vehicle Group by 9.1% in the second quarter. Rhumbline Advisers now owns 49,629 shares of the company’s stock worth $243,000 after purchasing an additional 4,130 shares during the period. Clifford Capital Partners LLC increased its stake in shares of Commercial Vehicle Group by 14.6% during the second quarter. Clifford Capital Partners LLC now owns 97,953 shares of the company’s stock valued at $480,000 after purchasing an additional 12,506 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its holdings 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 valued at $346,000 after purchasing an additional 3,065 shares during the last quarter. Hedge funds and other institutional investors own 72.32% of the company’s stock.

Insider Activity

In other Commercial Vehicle Group news, Director Wayne M. Rancourt purchased 15,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was purchased at an average price of $2.58 per share, for a total transaction of $38,700.00. Following the completion of the purchase, the director now directly owns 157,783 shares of the company’s stock, valued at $407,080.14. This trade represents a 10.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

CVGI has been the topic of several recent research reports. StockNews.com downgraded Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Barrington Research reissued an “outperform” rating and issued a $10.00 target price on shares of Commercial Vehicle Group in a research note on Monday, August 5th.

Commercial Vehicle Group Stock Up 2.6 %

NASDAQ:CVGI opened at $2.41 on Friday. 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 firm has a market cap of $83.15 million, a P/E ratio of 2.36, a P/E/G ratio of 1.02 and a beta of 2.46. Commercial Vehicle Group, Inc. has a fifty-two week low of $2.11 and a fifty-two week high of $7.34. The firm has a 50-day simple moving average of $2.91 and a two-hundred day simple moving average of $3.98.

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.