First Manhattan Co. Lowers Position in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

First Manhattan Co. decreased its stake in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 355,268 shares of the company’s stock after selling 5,000 shares during the period. First Manhattan Co.’s holdings in Commercial Vehicle Group were worth $3,002,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Commercial Vehicle Group by 0.8% in the first quarter. Vanguard Group Inc. now owns 1,131,065 shares of the company’s stock worth $7,658,000 after buying an additional 9,295 shares during the last quarter. Schneider Capital Management Corp increased its position in shares of Commercial Vehicle Group by 10.0% in the first quarter. Schneider Capital Management Corp now owns 332,157 shares of the company’s stock worth $2,249,000 after buying an additional 30,100 shares during the last quarter. Segantii Capital Management Ltd increased its position in shares of Commercial Vehicle Group by 568.0% in the first quarter. Segantii Capital Management Ltd now owns 33,400 shares of the company’s stock worth $226,000 after buying an additional 28,400 shares during the last quarter. Royce & Associates LP increased its position in shares of Commercial Vehicle Group by 35.5% in the first quarter. Royce & Associates LP now owns 1,573,856 shares of the company’s stock worth $10,655,000 after buying an additional 412,355 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Commercial Vehicle Group by 23.4% in the first quarter. California Public Employees Retirement System now owns 153,300 shares of the company’s stock worth $1,038,000 after buying an additional 29,100 shares during the last quarter. Hedge funds and other institutional investors own 62.20% of the company’s stock.

Commercial Vehicle Group, Inc. (NASDAQ CVGI) opened at 8.84 on Friday. The stock has a 50 day moving average price of $8.37 and a 200 day moving average price of $7.38. The company has a market cap of $272.67 million, a PE ratio of 55.25 and a beta of 0.66. Commercial Vehicle Group, Inc. has a 1-year low of $3.91 and a 1-year high of $9.62.

Separately, Seaport Global Securities lowered their price objective on Commercial Vehicle Group from $11.00 to $8.50 and set a “buy” rating for the company in a research note on Monday, May 8th.

In other Commercial Vehicle Group news, Director Scott C. Arves sold 8,500 shares of Commercial Vehicle Group stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $9.30, for a total value of $79,050.00. Following the completion of the transaction, the director now owns 107,606 shares in the company, valued at approximately $1,000,735.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.01% of the company’s stock.

Commercial Vehicle Group Company 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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