Mckinley Capital Management LLC Delaware purchased a new position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 340,615 shares of the company’s stock, valued at approximately $2,878,000. Mckinley Capital Management LLC Delaware owned 1.14% of Commercial Vehicle Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CVGI. Trexquant Investment LP acquired a new stake in shares of Commercial Vehicle Group during the first quarter worth $155,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Commercial Vehicle Group during the first quarter worth $155,000. Rhumbline Advisers acquired a new stake in shares of Commercial Vehicle Group during the second quarter worth $225,000. Segantii Capital Management Ltd lifted its holdings in shares of Commercial Vehicle Group by 568.0% during the first quarter. Segantii Capital Management Ltd now owns 33,400 shares of the company’s stock worth $226,000 after purchasing an additional 28,400 shares during the period. Finally, New York State Common Retirement Fund acquired a new stake in shares of Commercial Vehicle Group during the second quarter worth $227,000. 73.62% of the stock is owned by hedge funds and other institutional investors.

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Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) traded up 1.09% during midday trading on Thursday, hitting $7.45. The company had a trading volume of 7,540 shares. The company has a market cap of $222.55 million, a price-to-earnings ratio of 98.03 and a beta of 0.71. Commercial Vehicle Group, Inc. has a 12 month low of $4.36 and a 12 month high of $9.62. The stock’s 50-day moving average price is $6.66 and its 200-day moving average price is $7.51.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings data on Monday, August 7th. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.05). The company had revenue of $195.13 million for the quarter, compared to the consensus estimate of $186.20 million. Commercial Vehicle Group had a return on equity of 10.65% and a net margin of 0.34%. Commercial Vehicle Group’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 earnings per share. On average, equities research analysts forecast that Commercial Vehicle Group, Inc. will post $0.36 EPS for the current year.

Separately, Zacks Investment Research downgraded Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Friday, August 11th.

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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