Gamco Investors INC. ET AL Sells 6,100 Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Gamco Investors INC. ET AL trimmed its holdings in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 728,900 shares of the company’s stock after selling 6,100 shares during the period. Gamco Investors INC. ET AL owned about 2.12% of Commercial Vehicle Group worth $4,687,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CVGI. Tower Research Capital LLC TRC increased its holdings in Commercial Vehicle Group by 256.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,006 shares of the company’s stock worth $56,000 after acquiring an additional 5,763 shares during the last quarter. SG Americas Securities LLC increased its holdings in Commercial Vehicle Group by 33.1% in the 4th quarter. SG Americas Securities LLC now owns 17,259 shares of the company’s stock worth $121,000 after acquiring an additional 4,291 shares during the last quarter. Heron Bay Capital Management increased its holdings in Commercial Vehicle Group by 20.5% in the 1st quarter. Heron Bay Capital Management now owns 19,887 shares of the company’s stock worth $128,000 after acquiring an additional 3,390 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Commercial Vehicle Group in the 1st quarter worth about $145,000. Finally, Aigen Investment Management LP increased its holdings in Commercial Vehicle Group by 75.6% in the 4th quarter. Aigen Investment Management LP now owns 20,919 shares of the company’s stock worth $147,000 after acquiring an additional 9,005 shares during the last quarter. 72.32% of the stock is currently owned by institutional investors.

Commercial Vehicle Group Price Performance

CVGI stock traded down $0.06 during mid-day trading on Friday, reaching $5.37. 72,663 shares of the company traded hands, compared to its average volume of 140,501. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.30 and a quick ratio of 1.48. The company has a market capitalization of $184.61 million, a P/E ratio of 4.10, a P/E/G ratio of 0.33 and a beta of 2.52. Commercial Vehicle Group, Inc. has a 52-week low of $4.46 and a 52-week high of $11.96. The company has a fifty day moving average price of $5.13 and a 200-day moving average price of $5.89.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Monday, May 6th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.05). The company had revenue of $232.07 million for the quarter, compared to analysts’ expectations of $242.01 million. Commercial Vehicle Group had a net margin of 4.53% and a return on equity of 15.85%. As a group, analysts anticipate that Commercial Vehicle Group, Inc. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an “outperform” rating and issued a $10.00 price objective on shares of Commercial Vehicle Group in a report on Monday, May 6th.

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.