Alps Advisors Inc. decreased its position in Gentherm Inc. (NASDAQ:THRM) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 10,018 shares of the company’s stock after selling 736 shares during the period. Alps Advisors Inc.’s holdings in Gentherm were worth $343,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of THRM. BlackRock Inc. increased its position in shares of Gentherm by 85.3% in the first quarter. BlackRock Inc. now owns 2,477 shares of the company’s stock worth $103,000 after buying an additional 1,140 shares during the period. Springbok Capital Management LLC increased its position in shares of Gentherm by 4.0% in the first quarter. Springbok Capital Management LLC now owns 2,600 shares of the company’s stock worth $108,000 after buying an additional 100 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of Gentherm during the first quarter worth about $213,000. Fox Run Management L.L.C. bought a new position in shares of Gentherm during the second quarter worth about $229,000. Finally, Palouse Capital Management Inc. bought a new position in shares of Gentherm during the second quarter worth about $244,000. Institutional investors own 96.36% of the company’s stock.
Shares of Gentherm Inc. (NASDAQ:THRM) traded up 0.63% during midday trading on Wednesday, reaching $30.40. The company’s stock had a trading volume of 207,166 shares. The stock has a 50-day moving average price of $31.58 and a 200-day moving average price of $35.44. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 12.83 and a beta of 1.89. Gentherm Inc. has a 52-week low of $29.78 and a 52-week high of $51.71.
Gentherm (NASDAQ:THRM) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by $0.07. Gentherm had a return on equity of 20.22% and a net margin of 9.77%. The firm earned $232.72 million during the quarter, compared to analysts’ expectations of $240.54 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. Gentherm’s revenue for the quarter was up 9.0% compared to the same quarter last year. Equities research analysts anticipate that Gentherm Inc. will post $2.06 earnings per share for the current fiscal year.
THRM has been the subject of a number of analyst reports. Argus restated a “buy” rating and set a $44.00 price objective on shares of Gentherm in a research report on Tuesday, June 14th. KeyCorp restated an “equal weight” rating on shares of Gentherm in a research report on Friday, September 9th. FBR & Co restated a “hold” rating on shares of Gentherm in a research report on Friday, September 9th. Zacks Investment Research upgraded Gentherm from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, Barrington Research downgraded Gentherm from an “outperform” rating to a “market perform” rating in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Gentherm currently has a consensus rating of “Hold” and a consensus target price of $45.00.
Gentherm Company Profile
Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia.
Want to see what other hedge funds are holding THRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gentherm Inc. (NASDAQ:THRM).
Receive News & Ratings for Gentherm Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gentherm Inc. and related companies with MarketBeat.com's FREE daily email newsletter.