Alambic Investment Management L.P. Sells 279,807 Shares of Commercial Vehicle Group, Inc. (CVGI)

Alambic Investment Management L.P. decreased its position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 62.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 170,849 shares of the company’s stock after selling 279,807 shares during the quarter. Commercial Vehicle Group makes up 1.2% of Alambic Investment Management L.P.’s holdings, making the stock its 6th largest holding. Alambic Investment Management L.P. owned about 0.55% of Commercial Vehicle Group worth $1,565,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. First Quadrant L P CA grew its position in shares of Commercial Vehicle Group by 18.5% during the 2nd quarter. First Quadrant L P CA now owns 49,803 shares of the company’s stock worth $366,000 after buying an additional 7,769 shares in the last quarter. Chicago Equity Partners LLC grew its position in shares of Commercial Vehicle Group by 3.3% during the 3rd quarter. Chicago Equity Partners LLC now owns 272,515 shares of the company’s stock worth $2,496,000 after buying an additional 8,760 shares in the last quarter. Wedge Capital Management L L P NC grew its position in shares of Commercial Vehicle Group by 16.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 77,153 shares of the company’s stock worth $566,000 after buying an additional 10,753 shares in the last quarter. Guggenheim Capital LLC bought a new position in shares of Commercial Vehicle Group during the 1st quarter worth $136,000. Finally, UBS Group AG grew its position in shares of Commercial Vehicle Group by 52.4% during the 1st quarter. UBS Group AG now owns 58,148 shares of the company’s stock worth $451,000 after buying an additional 19,999 shares in the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.

CVGI has been the topic of a number of recent research reports. Zacks Investment Research raised Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $10.00 price target on the stock in a research report on Friday, August 10th. BidaskClub raised Commercial Vehicle Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 19th. Finally, ValuEngine downgraded Commercial Vehicle Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th.

Shares of CVGI stock opened at $6.63 on Friday. Commercial Vehicle Group, Inc. has a 1-year low of $6.34 and a 1-year high of $13.90. The stock has a market cap of $207.00 million, a P/E ratio of 15.07 and a beta of 2.03. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.73 and a current ratio of 2.45.

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Commercial Vehicle Group Company Profile

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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