Garrison Bradford Associates Inc buys $499,235 stake in Gentherm Inc (THRM)

Gentherm Inc (THRM) : Garrison Bradford Associates Inc scooped up 1,800 additional shares in Gentherm Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 15,650 shares of Gentherm Inc which is valued at $499,235.Gentherm Inc makes up approximately 0.47% of Garrison Bradford Associates Inc’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp reduced its stake in THRM by selling 4,342 shares or 96.19% in the most recent quarter. The Hedge Fund company now holds 172 shares of THRM which is valued at $5,487.Rock Point Advisors boosted its stake in THRM in the latest quarter, The investment management firm added 33,435 additional shares and now holds a total of 85,225 shares of Gentherm Inc which is valued at $2,860,151. Gentherm Inc makes up approx 1.46% of Rock Point Advisors’s portfolio. Rice Hall James Associates added THRM to its portfolio by purchasing 252,231 company shares during the most recent quarter which is valued at $9,584,778. Gentherm Inc makes up approx 0.53% of Rice Hall James Associates’s portfolio. Westwood Management Corp Il sold out all of its stake in THRM during the most recent quarter. The investment firm sold 5,000 shares of THRM which is valued $186,250.Punch Associates Investment Management boosted its stake in THRM in the latest quarter, The investment management firm added 508 additional shares and now holds a total of 142,277 shares of Gentherm Inc which is valued at $5,355,306. Gentherm Inc makes up approx 0.60% of Punch Associates Investment Management’s portfolio.

Gentherm Inc closed down -0.2 points or -0.63% at $31.75 with 5,59,001 shares getting traded on Monday. Post opening the session at $31.95, the shares hit an intraday low of $31.51 and an intraday high of $32.08 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 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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