Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Short Interest Up 8.8% in March

Commercial Vehicle Group, Inc. (NASDAQ:CVGIGet Free Report) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 475,100 shares, a growth of 8.8% from the February 29th total of 436,800 shares. Currently, 1.6% of the company’s stock are sold short. Based on an average trading volume of 129,200 shares, the short-interest ratio is currently 3.7 days.

Analyst Upgrades and Downgrades

CVGI has been the topic of a number of research analyst reports. Barrington Research restated an “outperform” rating and set a $10.00 price target on shares of Commercial Vehicle Group in a research note on Monday, March 4th. StockNews.com lowered Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, TheStreet upgraded Commercial Vehicle Group from a “d+” rating to a “c” rating in a research note on Monday, March 4th.

View Our Latest Report on CVGI

Institutional Investors Weigh In On Commercial Vehicle Group

A number of institutional investors and hedge funds have recently modified their holdings of CVGI. BlackRock Inc. lifted its holdings in Commercial Vehicle Group by 336.2% in the second quarter. BlackRock Inc. now owns 2,162,503 shares of the company’s stock valued at $24,004,000 after acquiring an additional 1,666,757 shares during the period. Millennium Management LLC acquired a new position in Commercial Vehicle Group in the second quarter valued at approximately $2,307,000. Wellington Management Group LLP acquired a new position in Commercial Vehicle Group in the fourth quarter valued at approximately $2,753,000. Franklin Resources Inc. acquired a new position in Commercial Vehicle Group in the first quarter valued at approximately $2,736,000. Finally, State Street Corp lifted its holdings in Commercial Vehicle Group by 301.0% in the second quarter. State Street Corp now owns 493,660 shares of the company’s stock valued at $5,480,000 after acquiring an additional 370,550 shares during the period. Institutional investors and hedge funds own 72.32% of the company’s stock.

Commercial Vehicle Group Trading Up 1.2 %

Commercial Vehicle Group stock opened at $6.51 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 2.26 and a debt-to-equity ratio of 0.73. Commercial Vehicle Group has a 52 week low of $5.48 and a 52 week high of $11.96. The company has a market capitalization of $220.69 million, a price-to-earnings ratio of 4.40, a price-to-earnings-growth ratio of 0.35 and a beta of 2.72. The stock has a 50-day moving average price of $6.45 and a 200 day moving average price of $6.72.

Commercial Vehicle Group (NASDAQ:CVGIGet Free Report) last released its earnings results on Tuesday, March 5th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.06). Commercial Vehicle Group had a return on equity of 20.22% and a net margin of 4.97%. The firm had revenue of $223.09 million for the quarter, compared to analyst estimates of $225.22 million. During the same period last year, the firm earned $0.04 EPS. Sell-side analysts anticipate that Commercial Vehicle Group will post 0.83 EPS for the current year.

About Commercial Vehicle Group

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Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.

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