Scion Asset Management Exits Position in Gentherm Inc (THRM)

Gentherm Inc (THRM) : Scion Asset Management has sold out all of its stake in Gentherm Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 47,000 shares of Gentherm Inc which is valued at $1,469,690.

Other Hedge Funds, Including , Municipal Employees’ Retirement System Of Michigan boosted its stake in THRM in the latest quarter, The investment management firm added 230 additional shares and now holds a total of 9,490 shares of Gentherm Inc which is valued at $296,752. Gentherm Inc makes up approx 0.02% of Municipal Employees’ Retirement System Of Michigan’s portfolio. Rice Hall James Associates added THRM to its portfolio by purchasing 252,231 company shares during the most recent quarter which is valued at $9,584,778. Gentherm Inc makes up approx 0.53% of Rice Hall James Associates’s portfolio.Skylands Capital boosted its stake in THRM in the latest quarter, The investment management firm added 33,450 additional shares and now holds a total of 132,000 shares of Gentherm Inc which is valued at $5,016,000. Gentherm Inc makes up approx 0.78% of Skylands Capital’s portfolio.

Gentherm Inc opened for trading at $33.03 and hit $33.2952 on the upside on Thursday, eventually ending the session at $33.14, with a gain of 0.52% or 0.17 points. The heightened volatility saw the trading volume jump to 3,10,853 shares. Company has a market cap of $1,209 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 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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