Victory Capital Management Inc. acquired a new position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 15,588 shares of the company’s stock, valued at approximately $76,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of CVGI. Allspring Global Investments Holdings LLC purchased a new stake in shares of Commercial Vehicle Group during the 2nd quarter valued at about $47,000. Heron Bay Capital Management grew its position in Commercial Vehicle Group by 20.5% in the first quarter. Heron Bay Capital Management now owns 19,887 shares of the company’s stock valued at $128,000 after acquiring an additional 3,390 shares in the last quarter. Aristides Capital LLC purchased a new stake in shares of Commercial Vehicle Group during the first quarter valued at approximately $129,000. EntryPoint Capital LLC purchased a new position in shares of Commercial Vehicle Group in the first quarter valued at $145,000. Finally, Aigen Investment Management LP grew its holdings in Commercial Vehicle Group by 75.6% during the 4th quarter. Aigen Investment Management LP now owns 20,919 shares of the company’s stock valued at $147,000 after purchasing an additional 9,005 shares in the last quarter. Institutional investors and hedge funds own 72.32% of the company’s stock.
Commercial Vehicle Group Price Performance
Shares of CVGI opened at $3.49 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 1.27 and a debt-to-equity ratio of 0.73. Commercial Vehicle Group, Inc. has a 52 week low of $3.03 and a 52 week high of $8.03. The stock has a 50 day moving average of $3.95 and a 200-day moving average of $5.05. The firm has a market cap of $119.98 million, a price-to-earnings ratio of 2.66, a PEG ratio of 0.50 and a beta of 2.46.
Wall Street Analyst Weigh In
CVGI has been the topic of several recent analyst reports. Barrington Research reiterated an “outperform” rating and issued a $10.00 price target on shares of Commercial Vehicle Group in a research note on Monday, August 5th. StockNews.com raised shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a report on Monday, September 2nd.
Get Our Latest Analysis on Commercial Vehicle Group
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.
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