Teton Advisors Inc. Sells 64,072 Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Teton Advisors Inc. trimmed its holdings in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 22.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,928 shares of the company’s stock after selling 64,072 shares during the quarter. Teton Advisors Inc. owned 0.64% of Commercial Vehicle Group worth $1,514,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CVGI. SG Americas Securities LLC acquired a new position in shares of Commercial Vehicle Group during the 3rd quarter valued at $101,000. Bailard Inc. acquired a new position in Commercial Vehicle Group during the third quarter worth $179,000. Mackenzie Financial Corp acquired a new position in Commercial Vehicle Group during the third quarter worth $100,000. Strs Ohio raised its holdings in Commercial Vehicle Group by 18.2% during the third quarter. Strs Ohio now owns 67,400 shares of the company’s stock worth $523,000 after buying an additional 10,400 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Commercial Vehicle Group during the third quarter worth $34,000. 72.32% of the stock is owned by institutional investors.

Commercial Vehicle Group Stock Performance

CVGI traded down $0.13 during trading on Tuesday, hitting $6.01. 87,864 shares of the company traded hands, compared to its average volume of 116,147. The firm has a market cap of $203.62 million, a P/E ratio of 4.06, a price-to-earnings-growth ratio of 0.34 and a beta of 2.72. The stock’s fifty day moving average is $6.33 and its 200 day moving average is $6.51. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.73. Commercial Vehicle Group, Inc. has a one year low of $5.48 and a one year high of $11.96.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings results on Tuesday, March 5th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.06). The company had revenue of $223.09 million for the quarter, compared to the consensus estimate of $225.22 million. Commercial Vehicle Group had a net margin of 4.97% and a return on equity of 20.22%. During the same quarter in the previous year, the company posted $0.04 EPS. As a group, equities analysts predict that Commercial Vehicle Group, Inc. will post 0.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on CVGI shares. StockNews.com downgraded shares of Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 14th. TheStreet upgraded shares of Commercial Vehicle Group from a “d+” rating to a “c” rating in a report on Monday, March 4th. Finally, Barrington Research reiterated an “outperform” rating and issued a $10.00 target price on shares of Commercial Vehicle Group in a report on Monday, March 4th.

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.