Commercial Vehicle Group, Inc. (CVGI) Shares Sold by Rockshelter Capital Management LLC
Rockshelter Capital Management LLC lessened its holdings in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 39.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 529,354 shares of the company’s stock after selling 345,811 shares during the quarter. Commercial Vehicle Group accounts for approximately 1.4% of Rockshelter Capital Management LLC’s holdings, making the stock its 27th largest holding. Rockshelter Capital Management LLC owned 1.77% of Commercial Vehicle Group worth $4,473,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. BlueCrest Capital Management Ltd acquired a new stake in Commercial Vehicle Group during the 1st quarter worth $155,000. Trexquant Investment LP acquired a new stake in Commercial Vehicle Group during the 1st quarter worth $155,000. The Manufacturers Life Insurance Company raised its stake in Commercial Vehicle Group by 10,810.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,020 shares of the company’s stock worth $195,000 after buying an additional 22,809 shares during the period. Rhumbline Advisers acquired a new stake in Commercial Vehicle Group during the 2nd quarter worth $225,000. Finally, New York State Common Retirement Fund acquired a new stake in Commercial Vehicle Group during the 2nd quarter worth $227,000. 73.62% of the stock is currently owned by institutional investors and hedge funds.
Commercial Vehicle Group, Inc. (NASDAQ:CVGI) traded down 0.26% during mid-day trading on Wednesday, hitting $7.57. The company’s stock had a trading volume of 50,438 shares. Commercial Vehicle Group, Inc. has a 52-week low of $4.36 and a 52-week high of $9.62. The firm has a market cap of $233.38 million, a price-to-earnings ratio of 94.63 and a beta of 0.80. The firm has a 50 day moving average of $6.65 and a 200-day moving average of $7.65.
Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings data on Monday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.05). The company had revenue of $195.13 million for the quarter, compared to the consensus estimate of $186.20 million. Commercial Vehicle Group had a return on equity of 10.65% and a net margin of 0.34%. Commercial Vehicle Group’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the company earned $0.10 EPS. On average, equities research analysts expect that Commercial Vehicle Group, Inc. will post $0.36 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Friday, August 11th.
Commercial Vehicle Group 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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