Trigran Investments adds Gentherm Inc (THRM) to its portfolio

Gentherm Inc (THRM) : Trigran Investments added new position in Gentherm Inc during the most recent quarter end. The investment management firm now holds 279,548 shares of Gentherm Inc which is valued at $8,741,466 , the company said in a statement filed on Aug 11, 2016 with the SEC.Gentherm Inc makes up approximately 2.20% of Trigran Investments’s portfolio.

Other Hedge Funds, Including , Bessemer Group Inc added THRM to its portfolio by purchasing 380 company shares during the most recent quarter which is valued at $11,883. Stanley-laman Group Ltd. sold out all of its stake in THRM during the most recent quarter. The investment firm sold 32,645 shares of THRM which is valued $1,043,008.California Public Employees Retirement System reduced its stake in THRM by selling 8,700 shares or 8.24% in the most recent quarter. The Hedge Fund company now holds 96,900 shares of THRM which is valued at $3,091,110.Huntington National Bank reduced its stake in THRM by selling 1,954 shares or 58.93% in the most recent quarter. The Hedge Fund company now holds 1,362 shares of THRM which is valued at $51,756. Arcadia Investment Management Corpmi added THRM to its portfolio by purchasing 498 company shares during the most recent quarter which is valued at $18,745. Gentherm Inc makes up approx 0.01% of Arcadia Investment Management Corpmi’s portfolio.

Gentherm Inc opened for trading at $31.74 and hit $33.09 on the upside on Tuesday, eventually ending the session at $33.05, with a gain of 4.56% or 1.44 points. The heightened volatility saw the trading volume jump to 4,19,670 shares. Company has a market cap of $1,206 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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