Brightline Capital Management LLC Buys New Holdings in Commercial Vehicle Group, Inc. (CVGI)

Brightline Capital Management LLC bought a new stake in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) in the fourth quarter, Holdings Channel reports. The fund bought 385,000 shares of the company’s stock, valued at approximately $4,116,000. Commercial Vehicle Group accounts for 3.6% of Brightline Capital Management LLC’s portfolio, making the stock its 14th biggest position.

Other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in Commercial Vehicle Group by 54.7% during the third quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock valued at $113,000 after buying an additional 5,412 shares in the last quarter. SG Americas Securities LLC acquired a new position in Commercial Vehicle Group during the third quarter valued at approximately $139,000. The Manufacturers Life Insurance Company lifted its position in Commercial Vehicle Group by 10,810.0% during the second quarter. The Manufacturers Life Insurance Company now owns 23,020 shares of the company’s stock valued at $195,000 after buying an additional 22,809 shares in the last quarter. New York State Common Retirement Fund acquired a new position in Commercial Vehicle Group during the second quarter valued at approximately $227,000. Finally, American Century Companies Inc. acquired a new position in Commercial Vehicle Group during the fourth quarter valued at approximately $243,000. Hedge funds and other institutional investors own 76.36% of the company’s stock.

Commercial Vehicle Group, Inc. (CVGI) opened at $10.51 on Thursday. Commercial Vehicle Group, Inc. has a 12-month low of $5.35 and a 12-month high of $13.90. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.44 and a current ratio of 2.09. The company has a market cap of $319.15, a price-to-earnings ratio of 30.62 and a beta of 1.16.

A number of brokerages have weighed in on CVGI. BidaskClub cut shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. Zacks Investment Research raised shares of Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, January 17th. Finally, ValuEngine cut shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

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Commercial Vehicle Group 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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Institutional Ownership by Quarter for Commercial Vehicle Group (NASDAQ:CVGI)

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