Assenagon Asset Management S.A. Sells 199,942 Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Assenagon Asset Management S.A. trimmed its stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Free Report) by 84.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,625 shares of the company's stock after selling 199,942 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.11% of Commercial Vehicle Group worth $91,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Private Advisor Group LLC boosted its holdings in shares of Commercial Vehicle Group by 79.0% in the 3rd quarter. Private Advisor Group LLC now owns 220,051 shares of the company's stock valued at $715,000 after buying an additional 97,091 shares during the last quarter. Barclays PLC lifted its stake in Commercial Vehicle Group by 283.2% in the third quarter. Barclays PLC now owns 44,156 shares of the company's stock valued at $143,000 after acquiring an additional 32,633 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Commercial Vehicle Group by 129.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 43,869 shares of the company's stock valued at $143,000 after acquiring an additional 24,786 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Commercial Vehicle Group by 51.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 72,333 shares of the company's stock worth $235,000 after purchasing an additional 24,437 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Commercial Vehicle Group by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 704,325 shares of the company's stock valued at $2,289,000 after purchasing an additional 16,145 shares during the period. 72.32% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Commercial Vehicle Group

In other news, Director Wayne M. Rancourt acquired 15,000 shares of the firm's stock in a transaction on Friday, November 8th. The shares were purchased at an average cost of $2.58 per share, with a total value of $38,700.00. Following the acquisition, the director now directly owns 157,783 shares in the company, valued at $407,080.14. This represents a 10.51 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 6.30% of the company's stock.

Commercial Vehicle Group Price Performance

Commercial Vehicle Group stock remained flat at $2.19 during mid-day trading on Friday. The company's stock had a trading volume of 130,887 shares, compared to its average volume of 331,569. Commercial Vehicle Group, Inc. has a fifty-two week low of $2.02 and a fifty-two week high of $6.97. The stock has a market capitalization of $75.56 million, a PE ratio of 2.15, a price-to-earnings-growth ratio of 0.45 and a beta of 2.38. The company has a fifty day moving average of $2.31 and a 200 day moving average of $3.16. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 2.31.

Analyst Ratings Changes

Separately, StockNews.com cut Commercial Vehicle Group from a "buy" rating to a "hold" rating in a report on Tuesday, November 5th.

About Commercial Vehicle Group

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.