Gentherm Inc (THRM) : New Amsterdam Partnersny reduced its stake in Gentherm Inc by 45.44% during the most recent quarter end. The investment management company now holds a total of 195,107 shares of Gentherm Inc which is valued at $6,223,913 after selling 162,490 shares in Gentherm Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Gentherm Inc makes up approximately 1.45% of New Amsterdam Partnersny’s portfolio.
Other Hedge Funds, Including , Kalmar Investments Inc De sold out all of its stake in THRM during the most recent quarter. The investment firm sold 396,308 shares of THRM which is valued $13,300,096. Rs Investment Management Co sold out all of its stake in THRM during the most recent quarter. The investment firm sold 464,233 shares of THRM which is valued $17,640,854.Cutler Group Lp boosted its stake in THRM in the latest quarter, The investment management firm added 1,767 additional shares and now holds a total of 2,595 shares of Gentherm Inc which is valued at $95,574. Gentherm Inc makes up approx 0.01% of Cutler Group Lp’s portfolio.
Gentherm Inc opened for trading at $32.01 and hit $32.37 on the upside on Thursday, eventually ending the session at $31.95, with a gain of 0.16% or 0.05 points. The heightened volatility saw the trading volume jump to 5,83,517 shares. Company has a market cap of $1,166 M.
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. 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 Inc was Downgraded by Buckingham Research to ” Neutral” on Jul 29, 2016.
Gentherm Incorporated (Gentherm) is engaged in the design development and manufacturing of thermal management technologies. The Companys segments are: Automotive Industrial. The Automotive segment represents Gentherms 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 Gentherms 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.