Nordea Investment Management AB acquired a new position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 215,800 shares of the company’s stock, valued at approximately $1,824,000. Nordea Investment Management AB owned 0.70% of Commercial Vehicle Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ironwood Investment Management LLC grew its stake in shares of Commercial Vehicle Group by 0.5% during the 1st quarter. Ironwood Investment Management LLC now owns 257,690 shares of the company’s stock worth $1,745,000 after purchasing an additional 1,375 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Commercial Vehicle Group by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 115,861 shares of the company’s stock worth $785,000 after purchasing an additional 1,439 shares during the period. ClariVest Asset Management LLC grew its stake in shares of Commercial Vehicle Group by 5.3% during the 1st quarter. ClariVest Asset Management LLC now owns 72,829 shares of the company’s stock worth $493,000 after purchasing an additional 3,675 shares during the period. Cadence Capital Management LLC grew its stake in shares of Commercial Vehicle Group by 4.8% during the 2nd quarter. Cadence Capital Management LLC now owns 157,450 shares of the company’s stock worth $1,330,000 after purchasing an additional 7,253 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Commercial Vehicle Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,131,065 shares of the company’s stock worth $7,658,000 after purchasing an additional 9,295 shares during the period. 73.62% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Commercial Vehicle Group, Inc. (NASDAQ CVGI) opened at 7.47 on Friday. The firm has a market cap of $223.15 million, a PE ratio of 98.29 and a beta of 0.80. Commercial Vehicle Group, Inc. has a 52 week low of $4.36 and a 52 week high of $9.62. The stock’s 50 day moving average is $6.52 and its 200-day moving average is $7.58.

Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings results 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 during the quarter, compared to analyst estimates of $186.20 million. Commercial Vehicle Group had a net margin of 0.34% and a return on equity of 10.65%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 EPS. On average, equities analysts predict that Commercial Vehicle Group, Inc. will post $0.36 EPS for the current fiscal year.

Separately, Zacks Investment Research cut shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Friday, August 11th.

About Commercial Vehicle Group

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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