Los Angeles Capital Management LLC Sells 69,000 Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Los Angeles Capital Management LLC reduced its position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 39.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,580 shares of the company’s stock after selling 69,000 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.30% of Commercial Vehicle Group worth $340,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC boosted its stake in shares of Commercial Vehicle Group by 79.0% in the 3rd quarter. Private Advisor Group LLC now owns 220,051 shares of the company’s stock valued at $715,000 after purchasing an additional 97,091 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Commercial Vehicle Group in the 3rd quarter valued at $47,000. Clifford Capital Partners LLC boosted its stake in shares of Commercial Vehicle Group by 14.6% in the 2nd quarter. Clifford Capital Partners LLC now owns 97,953 shares of the company’s stock valued at $480,000 after purchasing an additional 12,506 shares during the last quarter. Perritt Capital Management Inc boosted its stake 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 acquiring an additional 35,000 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake 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 acquiring an additional 85,102 shares in the last quarter. 72.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barrington Research reissued an “outperform” rating and set a $10.00 target price on shares of Commercial Vehicle Group in a research note on Monday, August 5th. StockNews.com lowered shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th.

Commercial Vehicle Group Stock Down 3.5 %

Shares of NASDAQ CVGI opened at $2.48 on Monday. The company has a quick ratio of 1.43, a current ratio of 2.31 and a debt-to-equity ratio of 0.70. The company’s fifty day simple moving average is $3.06 and its 200 day simple moving average is $4.17. 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 cap of $85.56 million, a PE ratio of 2.43, a P/E/G ratio of 1.07 and a beta of 2.46.

Insiders Place Their Bets

In other Commercial Vehicle Group news, Director Wayne M. Rancourt acquired 15,000 shares of the stock in a transaction on Friday, November 8th. The shares were purchased at an average price of $2.58 per share, for a total transaction of $38,700.00. Following the completion of the acquisition, the director now owns 157,783 shares in the company, valued at approximately $407,080.14. This represents a 10.51 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.30% of the company’s stock.

About Commercial Vehicle Group

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.