Renaissance Technologies LLC lessened its stake in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI – Get Rating) by 11.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,915,004 shares of the company’s stock after selling 248,500 shares during the quarter. Renaissance Technologies LLC owned about 5.74% of Commercial Vehicle Group worth $8,618,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Advisor Group Holdings Inc. bought a new stake in Commercial Vehicle Group during the first quarter worth approximately $67,000. Bank of New York Mellon Corp grew its stake in Commercial Vehicle Group by 1.3% in the 1st quarter. Bank of New York Mellon Corp now owns 209,508 shares of the company’s stock valued at $1,770,000 after buying an additional 2,728 shares during the last quarter. Rhumbline Advisers raised its holdings in Commercial Vehicle Group by 7.6% in the 1st quarter. Rhumbline Advisers now owns 37,176 shares of the company’s stock worth $314,000 after acquiring an additional 2,616 shares during the period. Vanguard Group Inc. lifted its position in Commercial Vehicle Group by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 1,537,929 shares of the company’s stock worth $12,996,000 after acquiring an additional 88,130 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in Commercial Vehicle Group by 0.5% during the first quarter. Gamco Investors INC. ET AL now owns 789,885 shares of the company’s stock valued at $6,675,000 after acquiring an additional 3,800 shares during the period. Institutional investors and hedge funds own 53.06% of the company’s stock.
Wall Street Analysts Forecast Growth
CVGI has been the subject of several research analyst reports. Noble Financial started coverage on Commercial Vehicle Group in a research report on Thursday, December 1st. They set an “outperform” rating and a $10.00 price objective for the company. StockNews.com lowered Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday.
Commercial Vehicle Group Stock Performance
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.
- Get a free copy of the StockNews.com research report on Commercial Vehicle Group (CVGI)
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