Jane Street Group LLC Sells 13,612 Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Jane Street Group LLC reduced its stake in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 37.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,380 shares of the company’s stock after selling 13,612 shares during the quarter. Jane Street Group LLC owned about 0.06% of Commercial Vehicle Group worth $73,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CVGI. Private Advisor Group LLC acquired a new stake in shares of Commercial Vehicle Group during the second quarter worth $603,000. American Century Companies Inc. increased its stake in Commercial Vehicle Group by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 731,356 shares of the company’s stock valued at $3,584,000 after buying an additional 85,102 shares during the last quarter. BNP Paribas Financial Markets increased its stake 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 valued at $143,000 after buying an additional 24,786 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in Commercial Vehicle Group in the 2nd quarter valued at $76,000. Finally, SG Americas Securities LLC acquired a new stake in Commercial Vehicle Group in the 3rd quarter valued at $47,000. 72.32% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Commercial Vehicle Group news, Director Wayne M. Rancourt purchased 15,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were purchased at an average cost of $2.58 per share, with a total value of $38,700.00. Following the completion of the purchase, the director now owns 157,783 shares in the company, valued at $407,080.14. This represents a 10.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th.

Commercial Vehicle Group Stock Performance

NASDAQ:CVGI opened at $2.22 on Thursday. The stock has a market cap of $76.59 million, a P/E ratio of 2.18, a price-to-earnings-growth ratio of 1.10 and a beta of 2.39. The company has a current ratio of 2.31, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. The stock’s 50-day moving average is $2.36 and its 200-day moving average is $3.28. Commercial Vehicle Group, Inc. has a 1-year low of $2.02 and a 1-year high of $6.97.

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.