Wed Sep 25 07:19:11 UTC 2024: ## Victory Capital Management Invests in Commercial Vehicle Group
**New York, NY (MarketBeat News) -** Victory Capital Management Inc. has acquired a new position in shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) during the second quarter, according to the company’s latest 13F filing with the Securities and Exchange Commission. The fund purchased 15,588 shares, valued at approximately $76,000.
This investment follows a trend of increased institutional interest in CVGI. Several other hedge funds and institutional investors have also modified their holdings of the company’s stock in recent quarters. Notably, Heron Bay Capital Management grew its position by 20.5% in the first quarter, while Aigen Investment Management LP increased its holdings by 75.6% during the fourth quarter.
Institutional investors currently own 72.32% of CVGI’s stock, indicating significant confidence in the company’s future prospects.
CVGI shares opened at $3.49 on Wednesday. The company’s current ratio is 2.06, quick ratio is 1.27, and debt-to-equity ratio is 0.73. CVGI has a 52-week low of $3.03 and a 52-week high of $8.03.
Recent analyst reports have been positive, with Barrington Research reiterating an “outperform” rating and a $10.00 price target on August 5th, and StockNews.com upgrading shares from a “hold” to a “buy” rating on September 2nd.
Commercial Vehicle Group, Inc. designs, manufactures, and sells components for commercial and electric vehicles, as well as industrial automation markets. The company operates through four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.
This news signals a growing confidence in the future of Commercial Vehicle Group, Inc. Investors and analysts are optimistic about the company’s prospects, with the potential for strong growth in the coming years.
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