Frontier Wealth Management LLC Reduces Holdings in Gentherm Inc (THRM)
Frontier Wealth Management LLC trimmed its position in Gentherm Inc (NASDAQ:THRM) by 20.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,000 shares of the auto parts company’s stock after selling 2,600 shares during the period. Frontier Wealth Management LLC’s holdings in Gentherm were worth $388,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Brandywine Global Investment Management LLC purchased a new position in Gentherm in the second quarter worth about $4,031,000. Voya Investment Management LLC boosted its position in Gentherm by 10.5% in the second quarter. Voya Investment Management LLC now owns 16,509 shares of the auto parts company’s stock worth $641,000 after purchasing an additional 1,569 shares during the last quarter. Bancorpsouth Inc. boosted its position in Gentherm by 12.4% in the second quarter. Bancorpsouth Inc. now owns 6,314 shares of the auto parts company’s stock worth $245,000 after purchasing an additional 696 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Gentherm by 1.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,470,298 shares of the auto parts company’s stock worth $57,048,000 after purchasing an additional 14,626 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in Gentherm by 4.7% in the second quarter. Parametric Portfolio Associates LLC now owns 145,120 shares of the auto parts company’s stock worth $5,631,000 after purchasing an additional 6,482 shares during the last quarter. 96.75% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on the company. FBR & Co reissued a “buy” rating on shares of Gentherm in a research report on Thursday, September 14th. ValuEngine cut Gentherm from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. TheStreet cut Gentherm from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. BidaskClub cut Gentherm from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Finally, BMO Capital Markets dropped their target price on Gentherm from $46.00 to $42.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $40.75.
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Gentherm Inc (NASDAQ THRM) traded up 1.36% on Friday, hitting $37.15. The stock had a trading volume of 165,469 shares. The stock has a market cap of $1.37 billion, a P/E ratio of 17.05 and a beta of 1.94. Gentherm Inc has a 12 month low of $26.60 and a 12 month high of $40.80. The company’s 50 day moving average is $31.37 and its 200-day moving average is $35.98.
Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Thursday, July 27th. The auto parts company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.38). The firm had revenue of $243.40 million during the quarter, compared to analyst estimates of $244.48 million. Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share. Analysts forecast that Gentherm Inc will post $2.07 EPS for the current year.
Gentherm Incorporated (Gentherm) is a global technology company engaged in the design, development, and manufacturing of thermal management technologies. The Company has two segments: Automotive and Industrial. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing and other consumer and industrial temperature control needs.
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