Assenagon Asset Management S.A. Sells 199,942 Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Assenagon Asset Management S.A. lessened its holdings in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 84.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,625 shares of the company’s stock after selling 199,942 shares during the quarter. Assenagon Asset Management S.A. owned 0.11% of Commercial Vehicle Group worth $91,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CVGI. JPMorgan Chase & Co. lifted its position in shares of Commercial Vehicle Group by 51.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,333 shares of the company’s stock valued at $235,000 after buying an additional 24,437 shares during the last quarter. Barclays PLC lifted its holdings in Commercial Vehicle Group by 283.2% during the third quarter. Barclays PLC now owns 44,156 shares of the company’s stock valued at $143,000 after purchasing an additional 32,633 shares during the last quarter. Geode Capital Management LLC boosted its position in Commercial Vehicle Group by 2.3% during the third quarter. Geode Capital Management LLC now owns 704,325 shares of the company’s stock worth $2,289,000 after purchasing an additional 16,145 shares during the period. State Street Corp increased its stake in shares of Commercial Vehicle Group by 0.7% in the third quarter. State Street Corp now owns 644,880 shares of the company’s stock worth $2,096,000 after purchasing an additional 4,527 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Commercial Vehicle Group by 129.9% in the third quarter. BNP Paribas Financial Markets now owns 43,869 shares of the company’s stock valued at $143,000 after purchasing an additional 24,786 shares during the period. 72.32% of the stock is owned by hedge funds and other institutional investors.

Commercial Vehicle Group Price Performance

CVGI opened at $2.19 on Friday. Commercial Vehicle Group, Inc. has a 12 month low of $2.02 and a 12 month high of $6.97. 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 business’s 50-day moving average price is $2.31 and its 200-day moving average price is $3.16. The company has a market cap of $75.56 million, a P/E ratio of 2.15, a P/E/G ratio of 0.45 and a beta of 2.38.

Analyst Upgrades and Downgrades

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

Insider Transactions at Commercial Vehicle Group

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

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.