Los Angeles Capital Management LLC Decreases Holdings in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Los Angeles Capital Management LLC lessened its holdings in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 39.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,580 shares of the company’s stock after selling 69,000 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Commercial Vehicle Group were worth $340,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CVGI. Private Advisor Group LLC bought a new position in Commercial Vehicle Group during the second quarter worth about $603,000. American Century Companies Inc. boosted its position in Commercial Vehicle Group by 13.2% during the second quarter. American Century Companies Inc. now owns 731,356 shares of the company’s stock worth $3,584,000 after purchasing an additional 85,102 shares during the period. Huber Capital Management LLC boosted its position in Commercial Vehicle Group by 9.3% during the first quarter. Huber Capital Management LLC now owns 749,163 shares of the company’s stock worth $4,817,000 after purchasing an additional 63,888 shares during the period. Vanguard Group Inc. boosted its position in Commercial Vehicle Group by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,681,449 shares of the company’s stock worth $10,812,000 after purchasing an additional 48,443 shares during the period. Finally, Perritt Capital Management Inc boosted its position in Commercial Vehicle Group by 43.8% during the second quarter. Perritt Capital Management Inc now owns 114,900 shares of the company’s stock worth $563,000 after purchasing an additional 35,000 shares during the period. Institutional investors own 72.32% of the company’s stock.

Insider Activity

In related news, Director Wayne M. Rancourt bought 15,000 shares of the company’s stock in a transaction on Friday, November 8th. The stock was acquired at an average cost of $2.58 per share, for a total transaction of $38,700.00. Following the completion of the transaction, the director now directly owns 157,783 shares in the company, valued at $407,080.14. This trade represents a 10.51 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barrington Research restated an “outperform” rating and issued a $10.00 price objective on shares of Commercial Vehicle Group in a research report on Monday, August 5th. StockNews.com lowered shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

Commercial Vehicle Group Price Performance

CVGI stock opened at $2.48 on Monday. The firm has a 50 day moving average of $3.06 and a 200-day moving average of $4.17. The company has a current ratio of 2.31, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. Commercial Vehicle Group, Inc. has a 12 month low of $2.11 and a 12 month high of $7.34. The firm has a market capitalization of $85.56 million, a P/E ratio of 2.43, a price-to-earnings-growth ratio of 1.07 and a beta of 2.46.

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.