Creative Planning Lowers stake in Gentex Corporation (GNTX)

Gentex Corporation (GNTX) : Creative Planning reduced its stake in Gentex Corporation by 43.76% during the most recent quarter end. The investment management company now holds a total of 2,953,530 shares of Gentex Corporation which is valued at $46,902,056 after selling 2,298,492 shares in Gentex Corporation , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Gentex Corporation makes up approximately 0.33% of Creative Planning’s portfolio.

Other Hedge Funds, Including , Curian Capital sold out all of its stake in GNTX during the most recent quarter. The investment firm sold 95,392 shares of GNTX which is valued $1,470,945.Bnp Paribas Arbitrage Sa boosted its stake in GNTX in the latest quarter, The investment management firm added 111,182 additional shares and now holds a total of 114,326 shares of Gentex Corporation which is valued at $1,762,907. Gentex Corporation makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Gentex Corporation opened for trading at $16.03 and hit $16.18 on the upside on Friday, eventually ending the session at $16.09, with a gain of 0.06% or 0.01 points. The heightened volatility saw the trading volume jump to 14,73,420 shares. Company has a market cap of $4,647 M.

On the company’s financial health, Gentex Corporation reported $0.28 EPS for the quarter, based on the information available during the earnings call on Apr 22, 2016. Analyst had a consensus estimate of $0.28. The company had revenue of $405.60 million for the quarter, compared to analysts expectations of $405.01 million. The company’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Gentex Corporation designs and manufactures automatic-dimming rearview mirrors and electronics for the automotive industry dimmable aircraft windows for the aviation industry and commercial smoke alarms and signaling devices for the fire protection industry. The Company’s business involves designing developing manufacturing and marketing interior and exterior auto-dimming automotive rearview mirrors that utilize electrochromic technology to dim in proportion to the amount of headlight glare from trailing vehicle headlamps. It also designs develops and manufactures various electronics features that are additive to the interior and exterior automotive rearview mirrors as well as interior visors and overhead consoles. The Company ships its product to all of the automotive producing regions across the world.

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