Commercial Vehicle Group, Inc. (NASDAQ:CVGI) saw a large growth in short interest in December. As of December 15th, there was short interest totalling 818,600 shares, a growth of 20.0% from the November 30th total of 682,100 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average daily volume of 190,700 shares, the short-interest ratio is presently 4.3 days.
Several hedge funds and other institutional investors have recently modified their holdings of CVGI. Parametric Portfolio Associates LLC grew its stake in Commercial Vehicle Group by 5.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,955 shares of the company’s stock worth $212,000 after buying an additional 1,069 shares during the last quarter. Royal Bank of Canada grew its stake in Commercial Vehicle Group by 14.6% during the 3rd quarter. Royal Bank of Canada now owns 11,935 shares of the company’s stock worth $113,000 after buying an additional 1,520 shares during the last quarter. Bank of America Corp DE grew its stake in Commercial Vehicle Group by 72.8% during the 2nd quarter. Bank of America Corp DE now owns 5,700 shares of the company’s stock worth $60,000 after buying an additional 2,401 shares during the last quarter. Occudo Quantitative Strategies LP grew its stake in Commercial Vehicle Group by 14.2% during the 2nd quarter. Occudo Quantitative Strategies LP now owns 19,973 shares of the company’s stock worth $212,000 after buying an additional 2,479 shares during the last quarter. Finally, Ameritas Investment Partners Inc. purchased a new position in Commercial Vehicle Group during the 2nd quarter worth approximately $27,000. 60.39% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ CVGI opened at $8.10 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 1.23 and a current ratio of 1.96. Commercial Vehicle Group has a fifty-two week low of $6.92 and a fifty-two week high of $13.61. The firm has a market capitalization of $267.14 million, a PE ratio of 15.58, a price-to-earnings-growth ratio of 0.35 and a beta of 3.50. The stock’s 50-day simple moving average is $8.52 and its 200-day simple moving average is $9.30.
Commercial Vehicle Group (NASDAQ:CVGI) last issued its earnings results on Monday, November 1st. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.05). Commercial Vehicle Group had a return on equity of 24.16% and a net margin of 1.77%. The business had revenue of $239.61 million for the quarter, compared to analyst estimates of $255.67 million. During the same period last year, the business posted $0.21 EPS. On average, sell-side analysts forecast that Commercial Vehicle Group will post 1.07 earnings per share for the current fiscal year.
CVGI has been the topic of a number of analyst reports. Zacks Investment Research lowered Commercial Vehicle Group from a “hold” rating to a “strong sell” rating in a research report on Friday, November 5th. Barrington Research reduced their price target on Commercial Vehicle Group from $17.00 to $15.00 and set an “outperform” rating on the stock in a research report on Friday, November 5th.
About Commercial Vehicle Group
Commercial Vehicle Group, Inc engages in the manufacture, supply, and sale of cab related products and systems. It operates through Electrical Systems and Global Seating segments. The Electrical Systems segment includes electrical wire harnesses and panel assemblies, trim systems and components, cab structures and sleeper boxes, mirrors, wipers, and controls.
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