Jane Street Group LLC Reduces Holdings in Commercial Vehicle Group, Inc. (NASDAQ:CVGI)

Jane Street Group LLC lessened its position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 37.8% during the third quarter, Holdings Channel reports. The institutional investor owned 22,380 shares of the company’s stock after selling 13,612 shares during the quarter. Jane Street Group LLC’s holdings in Commercial Vehicle Group were worth $73,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in shares of Commercial Vehicle Group by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 731,356 shares of the company’s stock valued at $3,584,000 after acquiring an additional 85,102 shares in the last quarter. State Street Corp raised its holdings in shares of Commercial Vehicle Group by 0.7% in the 3rd quarter. State Street Corp now owns 644,880 shares of the company’s stock valued at $2,096,000 after acquiring an additional 4,527 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Commercial Vehicle Group by 5.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 264,550 shares of the company’s stock valued at $1,296,000 after acquiring an additional 13,992 shares in the last quarter. Private Advisor Group LLC raised 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 acquiring an additional 97,091 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Commercial Vehicle Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 99,361 shares of the company’s stock valued at $323,000 after acquiring an additional 4,958 shares in the last quarter. Hedge funds and other institutional investors own 72.32% of the company’s stock.

Commercial Vehicle Group Price Performance

CVGI opened at $2.22 on Thursday. The stock’s 50 day simple moving average is $2.36 and its 200 day simple moving average is $3.28. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.31 and a quick ratio of 1.43. Commercial Vehicle Group, Inc. has a 1 year low of $2.02 and a 1 year high of $6.97. The firm has a market cap of $76.59 million, a price-to-earnings ratio of 2.18, a PEG ratio of 1.10 and a beta of 2.39.

Insiders Place Their Bets

In other news, Director Wayne M. Rancourt purchased 15,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were bought at an average cost of $2.58 per share, for a total transaction of $38,700.00. Following the completion of the transaction, the director now directly owns 157,783 shares of the company’s stock, valued at $407,080.14. This trade represents a 10.51 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 6.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

Commercial Vehicle Group Profile

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.