Is Commercial Vehicle Group, Inc. (CVGI) A Good Stock To Buy?

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Seeing as Commercial Vehicle Group, Inc. (NASDAQ:CVGI) has gone through declining sentiment from the entirety of the hedge funds we track, we can see that there is a sect of funds who were dropping their full holdings last quarter. At the top of the heap, Peter Schliemann’s Rutabaga Capital Management cut the biggest position of all the investors watched by Insider Monkey, worth close to $7.7 million in stock. Douglas Dethy’s fund, DC Capital Partners, also dropped its stock, about $0.5 million worth.

Let’s check out hedge fund activity in other stocks similar to Commercial Vehicle Group, Inc. (NASDAQ:CVGI). We will take a look at Allied Motion Technologies, Inc. (NASDAQ:AMOT), Applied Genetic Technologies Corp (NASDAQ:AGTC), ARC Document Solutions Inc (NYSE:ARC), and Travelzoo Inc. (NASDAQ:TZOO). This group of stocks’ market caps resemble CVGI’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
AMOT 6 3527 2
AGTC 12 14930 0
ARC 10 30585 -1
TZOO 9 18512 3

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $17 million. That figure was $18 million in CVGI’s case. Applied Genetic Technologies Corp (NASDAQ:AGTC) is the most popular stock in this table. On the other hand Allied Motion Technologies, Inc. (NASDAQ:AMOT) is the least popular one with only 6 bullish hedge fund positions. Commercial Vehicle Group, Inc. (NASDAQ:CVGI) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard AGTC might be a better candidate to consider taking a long position in.

Disclosure: None


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