Geode Capital Management LLC Purchases 16,145 Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Geode Capital Management LLC grew its position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 704,325 shares of the company’s stock after buying an additional 16,145 shares during the quarter. Geode Capital Management LLC owned 2.04% of Commercial Vehicle Group worth $2,289,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CVGI. Bank of New York Mellon Corp lifted its holdings in Commercial Vehicle Group by 5.6% during the second quarter. Bank of New York Mellon Corp now owns 264,550 shares of the company’s stock worth $1,296,000 after acquiring an additional 13,992 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Commercial Vehicle Group during the 2nd quarter worth $47,000. Rhumbline Advisers raised its position 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 acquiring an additional 4,130 shares during the period. Victory Capital Management Inc. purchased a new position in Commercial Vehicle Group in the second quarter valued at about $76,000. Finally, Private Advisor Group LLC bought a new position in shares of Commercial Vehicle Group during the 2nd quarter valued at approximately $603,000. Hedge funds and other institutional investors own 72.32% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Commercial Vehicle Group news, Director Wayne M. Rancourt bought 15,000 shares of the stock in a transaction on Friday, November 8th. The shares were acquired at an average price of $2.58 per share, with a total value of $38,700.00. Following the acquisition, the director now directly owns 157,783 shares of the company’s stock, valued at $407,080.14. The trade was a 10.51 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.30% of the company’s stock.

Commercial Vehicle Group Stock Down 1.8 %

CVGI stock opened at $2.22 on Wednesday. Commercial Vehicle Group, Inc. has a fifty-two week low of $2.08 and a fifty-two week high of $6.97. The stock has a fifty day moving average of $2.44 and a 200-day moving average of $3.39. The company has a market capitalization of $76.59 million, a price-to-earnings ratio of 2.18, a PEG ratio of 1.05 and a beta of 2.38. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 2.31.

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.