Wedge Capital Management L L P NC Has $952,000 Stake in Commercial Vehicle Group, Inc. (CVGI)

Wedge Capital Management L L P NC grew its stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 34.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103,885 shares of the company’s stock after purchasing an additional 26,732 shares during the period. Wedge Capital Management L L P NC owned approximately 0.33% of Commercial Vehicle Group worth $952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of CVGI. Glenmede Trust Co. NA purchased a new stake in shares of Commercial Vehicle Group in the second quarter valued at approximately $8,361,000. Assenagon Asset Management S.A. purchased a new stake in shares of Commercial Vehicle Group in the third quarter valued at approximately $3,505,000. BlackRock Inc. grew its position in shares of Commercial Vehicle Group by 25.0% in the second quarter. BlackRock Inc. now owns 1,701,349 shares of the company’s stock valued at $12,487,000 after purchasing an additional 340,003 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of Commercial Vehicle Group by 2,524.1% in the first quarter. Allianz Asset Management GmbH now owns 266,742 shares of the company’s stock valued at $2,067,000 after purchasing an additional 256,577 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. purchased a new stake in shares of Commercial Vehicle Group in the third quarter valued at approximately $2,206,000. Institutional investors and hedge funds own 78.91% of the company’s stock.

CVGI has been the subject of several analyst reports. Zacks Investment Research upgraded Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a research report on Friday, July 20th. ValuEngine upgraded Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, BidaskClub upgraded Commercial Vehicle Group from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 11th.

Shares of Commercial Vehicle Group stock opened at $7.04 on Friday. The company has a market capitalization of $217.81 million, a P/E ratio of 16.00 and a beta of 2.03. Commercial Vehicle Group, Inc. has a fifty-two week low of $6.34 and a fifty-two week high of $13.90. The company has a quick ratio of 1.69, a current ratio of 2.45 and a debt-to-equity ratio of 1.53.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings data on Thursday, August 9th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.09. The company had revenue of $233.39 million during the quarter, compared to analyst estimates of $232.60 million. Commercial Vehicle Group had a return on equity of 40.39% and a net margin of 3.29%.

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About Commercial Vehicle Group

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, the Global Truck and Bus, and the Global Construction and Agriculture.

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Institutional Ownership by Quarter for Commercial Vehicle Group (NASDAQ:CVGI)

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