Nichols Asset Management Lowers stake in Gentherm Inc (THRM)

Gentherm Inc (THRM) : Nichols Asset Management reduced its stake in Gentherm Inc by 0.82% during the most recent quarter end. The investment management company now holds a total of 156,770 shares of Gentherm Inc which is valued at $6,695,647 after selling 1,291 shares in Gentherm Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Gentherm Inc makes up approximately 1.44% of Nichols Asset Management’s portfolio.

Gentherm Inc closed down -0.74 points or -1.67% at $43.49 with 2,15,463 shares getting traded on Wednesday. Post opening the session at $44.15, the shares hit an intraday low of $43.22 and an intraday high of $44.16 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Van Berkom Associates boosted its stake in THRM in the latest quarter, The investment management firm added 313,246 additional shares and now holds a total of 1,203,607 shares of Gentherm Inc which is valued at $51,406,055. Gentherm Inc makes up approx 2.31% of Van Berkom Associates’s portfolio.Handelsinvest Investeringsforvaltning reduced its stake in THRM by selling 32,000 shares or 33.76% in the most recent quarter. The Hedge Fund company now holds 62,800 shares of THRM which is valued at $2,682,188. Gentherm Inc makes up approx 0.89% of Handelsinvest Investeringsforvaltning’s portfolio. Fox Run Management L.l.c. sold out all of its stake in THRM during the most recent quarter. The investment firm sold 5,500 shares of THRM which is valued $234,905.Capstone Asset Management Co reduced its stake in THRM by selling 560 shares or 4.36% in the most recent quarter. The Hedge Fund company now holds 12,280 shares of THRM which is valued at $522,023. Gentherm Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.New England Research Management boosted its stake in THRM in the latest quarter, The investment management firm added 561 additional shares and now holds a total of 8,045 shares of Gentherm Inc which is valued at $325,581. Gentherm Inc makes up approx 0.28% of New England Research Management’s portfolio.

On the company’s financial health, Gentherm Inc reported $0.58 EPS for the quarter, based on the information available during the earnings call on Feb 19, 2016. Analyst had a consensus estimate of $0.58. The company had revenue of $212.30 million for the quarter, compared to analysts expectations of $217.08 million. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 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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