Central Bank Trust Co Lowers stake in Gentherm Inc (THRM)

Gentherm Inc (THRM) : Central Bank Trust Co reduced its stake in Gentherm Inc by 11.64% during the most recent quarter end. The investment management company now holds a total of 6,050 shares of Gentherm Inc which is valued at $185,372 after selling 797 shares in Gentherm Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Gentherm Inc makes up approximately 0.05% of Central Bank Trust Co’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co sold out all of its stake in THRM during the most recent quarter. The investment firm sold 5,327 shares of THRM which is valued $163,219. New England Research Management sold out all of its stake in THRM during the most recent quarter. The investment firm sold 7,445 shares of THRM which is valued $232,284.Bnp Paribas Arbitrage Sa reduced its stake in THRM by selling 5,804 shares or 51.02% in the most recent quarter. The Hedge Fund company now holds 5,573 shares of THRM which is valued at $173,878.

Gentherm Inc closed down -0.29 points or -0.94% at $30.64 with 3,02,178 shares getting traded on Friday. Post opening the session at $31, the shares hit an intraday low of $30.41 and an intraday high of $31.015 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Gentherm Inc reported $0.59 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.64. The company had revenue of $232.72 million for the quarter, compared to analysts expectations of $239.89 million. The company’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Gentherm Inc. Gentherm Inc was Downgraded by Argus to ” Hold” on Sep 23, 2016. Shares were Reiterated by FBR Capital on Jul 29, 2016 to “Mkt Perform” and Lowered the Price Target to $ 42 from a previous price target of $49 .Gentherm Inc was Downgraded by ROTH Capital to ” Neutral” on Jul 29, 2016.

Gentherm Incorporated (Gentherm) is engaged in the design development and manufacturing of thermal management technologies. The Company’s segments are: Automotive Industrial. The Automotive segment represents Gentherm’s three geographic operating segments: North America Europe and Asia. The Automotive segment includes automotive seat comfort systems specialized automotive cable systems and other automotive and non-automotive thermal convenience products. The Industrial segment includes Gentherm Global Power Technologies (GPT) and Gentherm’s advanced research and product development division. The advanced research and product development division is engaged in projects to improve the efficiency of thermal management technologies and to develop market and distribute products based on these new technologies.

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