Granite Investment Partners LLC Buys New Holdings in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Granite Investment Partners LLC purchased a new position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,130 shares of the company’s stock, valued at approximately $42,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Holdings LLC bought a new position in shares of Commercial Vehicle Group in the 4th quarter worth $26,000. Sei Investments Co. bought a new position in shares of Commercial Vehicle Group in the fourth quarter valued at $27,000. Intech Investment Management LLC bought a new position in shares of Commercial Vehicle Group in the fourth quarter valued at $38,000. SG Americas Securities LLC grew its holdings in shares of Commercial Vehicle Group by 54.3% during the fourth quarter. SG Americas Securities LLC now owns 22,180 shares of the company’s stock valued at $55,000 after buying an additional 7,803 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Commercial Vehicle Group by 283.2% during the third quarter. Barclays PLC now owns 44,156 shares of the company’s stock worth $143,000 after acquiring an additional 32,633 shares in the last quarter. Institutional investors and hedge funds own 72.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Commercial Vehicle Group from a “hold” rating to a “sell” rating in a research report on Friday, March 21st.

Commercial Vehicle Group Trading Up 1.6 %

Shares of Commercial Vehicle Group stock opened at $0.94 on Monday. The company has a current ratio of 2.31, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. The stock has a fifty day simple moving average of $1.63 and a 200 day simple moving average of $2.23. Commercial Vehicle Group, Inc. has a 12-month low of $0.86 and a 12-month high of $6.44. The company has a market capitalization of $32.52 million, a P/E ratio of 0.92, a price-to-earnings-growth ratio of 0.43 and a beta of 2.21.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Monday, March 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). Commercial Vehicle Group had a return on equity of 5.17% and a net margin of 3.98%. The firm had revenue of $163.29 million during the quarter, compared to the consensus estimate of $158.37 million. On average, sell-side analysts anticipate that Commercial Vehicle Group, Inc. will post 0.11 earnings per share for the current fiscal year.

Commercial Vehicle Group Company 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.