Birch Hill Investment Advisors buys $39,830,367 stake in Gentex Corporation (GNTX)

Gentex Corporation (GNTX) : Birch Hill Investment Advisors scooped up 6,918 additional shares in Gentex Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 2,455,633 shares of Gentex Corporation which is valued at $39,830,367.Gentex Corporation makes up approximately 4.15% of Birch Hill Investment Advisors’s portfolio.

Other Hedge Funds, Including , Allegis Investment Advisors sold out all of its stake in GNTX during the most recent quarter. The investment firm sold 1,000 shares of GNTX which is valued $16,220.Neuberger Berman Group reduced its stake in GNTX by selling 22,985 shares or 0.7% in the most recent quarter. The Hedge Fund company now holds 3,248,148 shares of GNTX which is valued at $52,230,220. Gentex Corporation makes up approx 0.07% of Neuberger Berman Group’s portfolio.Bernzott Capital Advisors boosted its stake in GNTX in the latest quarter, The investment management firm added 20,234 additional shares and now holds a total of 1,419,380 shares of Gentex Corporation which is valued at $22,823,630. Gentex Corporation makes up approx 4.29% of Bernzott Capital Advisors’s portfolio.

Gentex Corporation closed down -0.1 points or -0.61% at $16.22 with 30,22,395 shares getting traded on Friday. Post opening the session at $16.26, the shares hit an intraday low of $16.17 and an intraday high of $16.39 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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