Renaissance Technologies LLC Grows Holdings in Commercial Vehicle Group, Inc. (CVGI)

Renaissance Technologies LLC grew its holdings in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 12.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,040,873 shares of the company’s stock after purchasing an additional 218,773 shares during the period. Renaissance Technologies LLC owned about 0.07% of Commercial Vehicle Group worth $21,817,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Bogle Investment Management L P DE purchased a new stake in Commercial Vehicle Group during the fourth quarter worth approximately $212,000. Allianz Asset Management GmbH purchased a new stake in Commercial Vehicle Group during the fourth quarter worth approximately $109,000. EAM Investors LLC purchased a new stake in Commercial Vehicle Group during the fourth quarter worth approximately $705,000. Cortina Asset Management LLC grew its stake in Commercial Vehicle Group by 7.9% during the fourth quarter. Cortina Asset Management LLC now owns 577,857 shares of the company’s stock worth $6,177,000 after buying an additional 42,252 shares during the period. Finally, Eagle Boston Investment Management Inc. grew its stake in Commercial Vehicle Group by 4.6% during the fourth quarter. Eagle Boston Investment Management Inc. now owns 1,070,592 shares of the company’s stock worth $11,444,000 after buying an additional 46,912 shares during the period. Institutional investors own 76.29% of the company’s stock.

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Commercial Vehicle Group, Inc. (NASDAQ CVGI) opened at $8.09 on Monday. Commercial Vehicle Group, Inc. has a 12-month low of $5.35 and a 12-month high of $13.90. The company has a debt-to-equity ratio of 2.19, a quick ratio of 1.42 and a current ratio of 2.22. The company has a market cap of $250.83, a price-to-earnings ratio of -134.83 and a beta of 1.31.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Monday, March 12th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). Commercial Vehicle Group had a positive return on equity of 18.39% and a negative net margin of 0.23%. The firm had revenue of $188.30 million for the quarter, compared to analyst estimates of $191.10 million. During the same period in the previous year, the firm posted $0.02 earnings per share. The company’s revenue for the quarter was up 25.5% on a year-over-year basis. research analysts anticipate that Commercial Vehicle Group, Inc. will post 1.18 EPS for the current year.

CVGI has been the subject of several research reports. Zacks Investment Research downgraded shares of Commercial Vehicle Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 9th. ValuEngine downgraded shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Finally, BidaskClub upgraded shares of Commercial Vehicle Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, January 23rd.

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Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.

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

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