Commercial Vehicle Group, Inc. (NASDAQ:CVGI) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 611,400 shares, a decrease of 26.9% from the December 15th total of 836,500 shares. Approximately 2.1% of the shares of the company are short sold. Based on an average daily volume of 179,000 shares, the days-to-cover ratio is presently 3.4 days.

Several large investors have recently added to or reduced their stakes in the company. Zebra Capital Management LLC increased its stake in shares of Commercial Vehicle Group by 59.8% in the third quarter. Zebra Capital Management LLC now owns 30,421 shares of the company’s stock worth $220,000 after acquiring an additional 11,384 shares during the period. Barclays PLC increased its stake in shares of Commercial Vehicle Group by 43.6% in the third quarter. Barclays PLC now owns 78,139 shares of the company’s stock worth $563,000 after acquiring an additional 23,727 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Commercial Vehicle Group by 28.5% in the third quarter. Public Employees Retirement System of Ohio now owns 58,608 shares of the company’s stock worth $423,000 after acquiring an additional 12,997 shares during the period. State Street Corp increased its stake in shares of Commercial Vehicle Group by 15.1% in the third quarter. State Street Corp now owns 617,716 shares of the company’s stock worth $4,454,000 after acquiring an additional 81,003 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Commercial Vehicle Group in the third quarter worth $37,000. Hedge funds and other institutional investors own 76.84% of the company’s stock.

CVGI has been the topic of a number of recent analyst reports. Barrington Research restated a “buy” rating and set a $8.50 price target on shares of Commercial Vehicle Group in a research note on Friday, November 22nd. ValuEngine upgraded shares of Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Zacks Investment Research upgraded shares of Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research note on Monday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Commercial Vehicle Group has an average rating of “Hold” and an average target price of $8.63.

Shares of Commercial Vehicle Group stock opened at $6.00 on Tuesday. The firm has a market capitalization of $188.04 million, a price-to-earnings ratio of 4.11, a PEG ratio of 0.89 and a beta of 2.68. Commercial Vehicle Group has a 12-month low of $5.72 and a 12-month high of $9.77. The firm’s 50 day simple moving average is $6.62 and its two-hundred day simple moving average is $7.14. The company has a current ratio of 2.25, a quick ratio of 1.58 and a debt-to-equity ratio of 1.25.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.02). The business had revenue of $225.40 million during the quarter, compared to analyst estimates of $226.20 million. Commercial Vehicle Group had a return on equity of 27.58% and a net margin of 3.82%. On average, sell-side analysts predict that Commercial Vehicle Group will post 1.12 EPS for the current fiscal year.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, Electrical Systems and Global Seating. The Electrical Systems segment electronic provides wire harness assemblies that function as current carrying devices used to provide electrical interconnections for gauges, lights, control functions, power circuits, powertrain and transmission sensors, emissions systems, and other electronic applications on commercial vehicles; and panel assemblies and cabinets.

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