Occudo Quantitative Strategies LP Takes Position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Occudo Quantitative Strategies LP acquired a new stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 32,043 shares of the company’s stock, valued at approximately $79,000. Occudo Quantitative Strategies LP owned 0.09% of Commercial Vehicle Group at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CVGI. Anderson Financial Strategies LLC acquired a new position in shares of Commercial Vehicle Group in the fourth quarter valued at approximately $752,000. Renaissance Technologies LLC increased its stake in shares of Commercial Vehicle Group by 14.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,978,959 shares of the company’s stock valued at $4,908,000 after buying an additional 254,364 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Commercial Vehicle Group in the fourth quarter valued at approximately $431,000. D. E. Shaw & Co. Inc. increased its stake in shares of Commercial Vehicle Group by 36.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 454,654 shares of the company’s stock valued at $1,128,000 after buying an additional 120,996 shares during the period. Finally, Millennium Management LLC bought a new stake in Commercial Vehicle Group in the fourth quarter valued at approximately $297,000. Institutional investors and hedge funds own 72.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Commercial Vehicle Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 7th.

Commercial Vehicle Group Stock Performance

Shares of CVGI stock opened at $1.46 on Monday. The business’s 50 day simple moving average is $1.16 and its 200 day simple moving average is $1.87. Commercial Vehicle Group, Inc. has a one year low of $0.81 and a one year high of $5.69. The stock has a market capitalization of $50.57 million, a PE ratio of 1.43, a PEG ratio of 0.43 and a beta of 1.93. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.31 and a quick ratio of 1.43.

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

Commercial Vehicle Group Company 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.