Assenagon Asset Management S.A. Reduces Position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Assenagon Asset Management S.A. cut its holdings in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 22.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,567 shares of the company’s stock after selling 67,568 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.69% of Commercial Vehicle Group worth $769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC purchased a new stake in shares of Commercial Vehicle Group in the second quarter worth about $47,000. SG Americas Securities LLC purchased a new stake in shares of Commercial Vehicle Group in the third quarter worth about $47,000. Victory Capital Management Inc. purchased a new stake in shares of Commercial Vehicle Group in the second quarter worth about $76,000. Heron Bay Capital Management lifted its holdings in shares of Commercial Vehicle Group by 20.5% in the first quarter. Heron Bay Capital Management now owns 19,887 shares of the company’s stock worth $128,000 after buying an additional 3,390 shares in the last quarter. Finally, Aristides Capital LLC purchased a new stake in shares of Commercial Vehicle Group in the first quarter worth about $129,000. 72.32% of the stock is owned by hedge funds and other institutional investors.

Commercial Vehicle Group Stock Up 3.4 %

CVGI stock opened at $3.01 on Friday. The company has a current ratio of 2.06, a quick ratio of 1.27 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average is $3.24 and its 200 day moving average is $4.44. The stock has a market cap of $103.48 million, a price-to-earnings ratio of 3.14, a price-to-earnings-growth ratio of 0.46 and a beta of 2.45. Commercial Vehicle Group, Inc. has a 1-year low of $2.90 and a 1-year high of $7.34.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.11). The company had revenue of $229.91 million during the quarter, compared to the consensus estimate 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 quarter last year, the company posted $0.32 earnings per share. Sell-side analysts predict that Commercial Vehicle Group, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CVGI shares. Barrington Research reissued an “outperform” rating and issued a $10.00 price target on shares of Commercial Vehicle Group in a report on Monday, August 5th. StockNews.com raised shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a report on Monday, September 2nd.

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.