Gentherm Inc (THRM) : Pembroke Management Ltd scooped up 351,500 additional shares in Gentherm Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 22, 2016. The investment management firm now holds a total of 1,034,508 shares of Gentherm Inc which is valued at $38,535,423.Gentherm Inc makes up approximately 3.60% of Pembroke Management Ltd’s portfolio.
Other Hedge Funds, Including , Ls Investment Advisors boosted its stake in THRM in the latest quarter, The investment management firm added 53 additional shares and now holds a total of 1,346 shares of Gentherm Inc which is valued at $50,139. 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.Capstone Asset Management Co boosted its stake in THRM in the latest quarter, The investment management firm added 890 additional shares and now holds a total of 13,170 shares of Gentherm Inc which is valued at $485,051. Gentherm Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Creative Planning reduced its stake in THRM by selling 300 shares or 13.67% in the most recent quarter. The Hedge Fund company now holds 1,895 shares of THRM which is valued at $69,793.
Gentherm Inc opened for trading at $32.23 and hit $34.33 on the upside on Friday, eventually ending the session at $33.56, with a gain of 2.38% or 0.78 points. The heightened volatility saw the trading volume jump to 9,95,722 shares. Company has a market cap of $1,223 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 Companys segments are: Automotive Industrial. The Automotive segment represents Gentherms 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 Gentherms 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.