Nano Cap New Millennium Growth Fund L P Purchases New Position in Gentherm Inc $THRM

Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Gentherm Inc (NASDAQ:THRM) in the 4th quarter, Holdings Channel reports. The fund purchased 95,001 shares of the auto parts company’s stock, valued at approximately $3,455,000. Gentherm comprises approximately 2.9% of Nano Cap New Millennium Growth Fund L P’s holdings, making the stock its 2nd biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in THRM. Farther Finance Advisors LLC increased its position in shares of Gentherm by 160.3% during the fourth quarter. Farther Finance Advisors LLC now owns 812 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 500 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in Gentherm in the 4th quarter worth approximately $50,000. Nisa Investment Advisors LLC grew its position in Gentherm by 21.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,994 shares of the auto parts company’s stock worth $73,000 after purchasing an additional 353 shares during the period. Tower Research Capital LLC TRC grew its position in Gentherm by 232.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,154 shares of the auto parts company’s stock worth $89,000 after purchasing an additional 2,204 shares during the period. Finally, iSAM Funds UK Ltd bought a new stake in Gentherm in the 3rd quarter worth approximately $111,000. Institutional investors own 97.13% of the company’s stock.

Analysts Set New Price Targets

THRM has been the subject of a number of research analyst reports. Argus raised shares of Gentherm to a “hold” rating in a research report on Friday, February 27th. Roth Mkm cut their target price on shares of Gentherm from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Robert W. Baird lifted their target price on shares of Gentherm from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. JPMorgan Chase & Co. lifted their target price on shares of Gentherm from $37.00 to $38.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Wall Street Zen raised shares of Gentherm from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 25th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Gentherm currently has a consensus rating of “Hold” and an average target price of $37.40.

Gentherm Trading Up 2.0%

Shares of Gentherm stock opened at $31.83 on Friday. The company’s fifty day simple moving average is $29.24 and its 200-day simple moving average is $33.12. The stock has a market capitalization of $976.13 million, a PE ratio of 42.44 and a beta of 1.35. Gentherm Inc has a 1-year low of $25.76 and a 1-year high of $39.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.97 and a quick ratio of 1.36.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Thursday, April 23rd. The auto parts company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.31. The business had revenue of $393.71 million for the quarter, compared to analysts’ expectations of $363.82 million. Gentherm had a net margin of 1.47% and a return on equity of 11.25%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.51 EPS. As a group, equities analysts anticipate that Gentherm Inc will post 2.74 earnings per share for the current year.

About Gentherm

Gentherm Incorporated (NASDAQ: THRM) is a global developer and supplier of advanced thermal management technologies for automotive, specialty vehicle, medical, consumer and industrial markets. The company’s core focus lies in delivering integrated heating and cooling systems designed to enhance energy efficiency, comfort and safety across a wide range of applications. Gentherm’s product portfolio includes seat thermal systems, heated and ventilated seating surfaces, steering wheel heaters, battery thermal management solutions, and climate systems for electric vehicles.

In the automotive sector, Gentherm partners with leading original equipment manufacturers to engineer and manufacture high-performance thermal solutions that meet stringent industry demands for reduced weight, lower energy consumption and improved passenger comfort.