Summit Creek Advisors buys $18,417,629 stake in Gentherm Inc (THRM)

Gentherm Inc (THRM) : Summit Creek Advisors scooped up 37,133 additional shares in Gentherm Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 494,433 shares of Gentherm Inc which is valued at $18,417,629.Gentherm Inc makes up approximately 2.99% of Summit Creek Advisors’s portfolio.

Other Hedge Funds, Including , Reinhart Partners added THRM to its portfolio by purchasing 66,400 company shares during the most recent quarter which is valued at $2,473,400. Gentherm Inc makes up approx 0.24% of Reinhart Partners’s portfolio. Simplex Trading sold out all of its stake in THRM during the most recent quarter. The investment firm sold 355 shares of THRM which is valued $13,171.Punch Associates Investment Management boosted its stake in THRM in the latest quarter, The investment management firm added 508 additional shares and now holds a total of 142,277 shares of Gentherm Inc which is valued at $5,355,306. Gentherm Inc makes up approx 0.60% of Punch Associates Investment Management’s portfolio.Central Bank Trust Co reduced its stake in THRM by selling 71,180 shares or 91.22% in the most recent quarter. The Hedge Fund company now holds 6,847 shares of THRM which is valued at $252,175. Gentherm Inc makes up approx 0.07% of Central Bank Trust Co’s portfolio.

Gentherm Inc opened for trading at $36.9 and hit $37.28 on the upside on Wednesday, eventually ending the session at $37.1, with a gain of 0.71% or 0.26 points. The heightened volatility saw the trading volume jump to 1,33,490 shares. Company has a market cap of $1,352 M.

On the company’s financial health, Gentherm Inc reported $0.59 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.60. The company had revenue of $215.70 million for the quarter, compared to analysts expectations of $224.02 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS.

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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