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

Forager Capital Management LLC cut its holdings in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 43.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,937,099 shares of the company’s stock after selling 1,500,672 shares during the quarter. Commercial Vehicle Group makes up 2.0% of Forager Capital Management LLC’s investment portfolio, making the stock its 12th largest holding. Forager Capital Management LLC owned 5.61% of Commercial Vehicle Group worth $4,804,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CVGI. Barclays PLC raised its position in Commercial Vehicle Group by 283.2% in the third quarter. Barclays PLC now owns 44,156 shares of the company’s stock worth $143,000 after acquiring an additional 32,633 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Commercial Vehicle Group by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 72,333 shares of the company’s stock worth $235,000 after purchasing an additional 24,437 shares during the period. SG Americas Securities LLC lifted its stake in Commercial Vehicle Group by 54.3% in the fourth quarter. SG Americas Securities LLC now owns 22,180 shares of the company’s stock valued at $55,000 after purchasing an additional 7,803 shares during the last quarter. Empowered Funds LLC grew its holdings in Commercial Vehicle Group by 5.9% during the fourth quarter. Empowered Funds LLC now owns 105,246 shares of the company’s stock valued at $261,000 after purchasing an additional 5,885 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Commercial Vehicle Group in the fourth quarter worth $431,000. 72.32% of the stock is currently owned by institutional investors.

Commercial Vehicle Group Price Performance

CVGI opened at $1.35 on Friday. The company has a market capitalization of $46.59 million, a price-to-earnings ratio of 1.32, a PEG ratio of 0.43 and a beta of 1.93. The company has a quick ratio of 1.43, a current ratio of 2.31 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average price of $1.22 and a 200-day moving average price of $1.94. Commercial Vehicle Group, Inc. has a twelve month low of $0.81 and a twelve month high of $5.82.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its earnings results on Tuesday, May 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.07. Commercial Vehicle Group had a net margin of 3.98% and a return on equity of 5.17%. The business had revenue of $169.80 million for the quarter, compared to analysts’ expectations of $163.50 million. Equities analysts expect that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research report on Wednesday.

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.