Huber Capital Management LLC Lowers Stock Position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Huber Capital Management LLC lessened its position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 724,819 shares of the company’s stock after selling 24,344 shares during the quarter. Huber Capital Management LLC owned approximately 2.11% of Commercial Vehicle Group worth $3,552,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in shares of Commercial Vehicle Group by 37.7% in the 4th quarter. BNP Paribas Financial Markets now owns 69,966 shares of the company’s stock valued at $490,000 after purchasing an additional 19,152 shares in the last quarter. Franklin Resources Inc. grew its holdings in Commercial Vehicle Group by 6.2% in the fourth quarter. Franklin Resources Inc. now owns 426,554 shares of the company’s stock valued at $2,990,000 after purchasing an additional 24,854 shares during the period. Aigen Investment Management LP raised its stake in shares of Commercial Vehicle Group by 75.6% during the 4th 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 period. Perritt Capital Management Inc. raised its stake in shares of Commercial Vehicle Group by 4.7% during the 4th quarter. Perritt Capital Management Inc. now owns 75,900 shares of the company’s stock worth $532,000 after buying an additional 3,400 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of Commercial Vehicle Group during the 4th quarter valued at approximately $2,753,000. Hedge funds and other institutional investors own 72.32% of the company’s stock.

Commercial Vehicle Group Stock Down 3.5 %

NASDAQ CVGI opened at $3.35 on Friday. The business has a fifty day moving average price of $4.02 and a 200 day moving average price of $5.10. Commercial Vehicle Group, Inc. has a one year low of $3.03 and a one year high of $8.03. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.27 and a current ratio of 2.06. The company has a market cap of $115.17 million, a P/E ratio of 2.56, a P/E/G ratio of 0.50 and a beta of 2.46.

Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings results on Monday, August 5th. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.11). The business had revenue of $229.91 million for the quarter, compared to analysts’ expectations of $237.69 million. Commercial Vehicle Group had a return on equity of 10.07% and a net margin of 3.42%. During the same period in the previous year, the company earned $0.32 EPS. Research analysts anticipate that Commercial Vehicle Group, Inc. will post 0.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on CVGI. StockNews.com raised shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a report on Monday, September 2nd. Barrington Research reissued an “outperform” rating and set a $10.00 target price on shares of Commercial Vehicle Group in a research note on Monday, August 5th.

Commercial Vehicle Group 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.