Spark Investment Management LLC reduced its stake in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 47.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,500 shares of the company’s stock after selling 102,100 shares during the period. Spark Investment Management LLC’s holdings in Commercial Vehicle Group were worth $950,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in shares of Commercial Vehicle Group by 19.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,159,305 shares of the company’s stock valued at $6,411,000 after buying an additional 186,080 shares in the last quarter. First Manhattan Co. increased its stake in shares of Commercial Vehicle Group by 34.7% in the first quarter. First Manhattan Co. now owns 496,615 shares of the company’s stock valued at $2,870,000 after buying an additional 127,973 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Commercial Vehicle Group by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 115,861 shares of the company’s stock valued at $785,000 after buying an additional 1,439 shares in the last quarter. Sei Investments Co. increased its stake in shares of Commercial Vehicle Group by 66.2% in the first quarter. Sei Investments Co. now owns 111,717 shares of the company’s stock valued at $757,000 after buying an additional 44,486 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. increased its stake in shares of Commercial Vehicle Group by 2.6% in the first quarter. Eagle Boston Investment Management Inc. now owns 994,349 shares of the company’s stock valued at $6,731,000 after buying an additional 25,099 shares in the last quarter. 59.79% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Commercial Vehicle Group, Inc. (CVGI) opened at 6.64 on Friday. The firm’s 50-day moving average price is $8.37 and its 200 day moving average price is $7.47. Commercial Vehicle Group, Inc. has a 12 month low of $4.05 and a 12 month high of $9.62. The firm has a market capitalization of $198.36 million, a P/E ratio of 87.37 and a beta of 0.66.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings data on Monday, August 7th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by $0.05. The business 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 earnings per share. Analysts anticipate that Commercial Vehicle Group, Inc. will post $0.36 earnings per share for the current fiscal year.

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Separately, Seaport Global Securities cut their price target on Commercial Vehicle Group from $11.00 to $8.50 and set a “buy” rating on the stock in a research report on Monday, May 8th.

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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