Calamos Advisors LLC decreased its stake in Gentherm Inc. (NASDAQ:THRM) by 34.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,115 shares of the company’s stock after selling 5,205 shares during the period. Calamos Advisors LLC’s holdings in Gentherm were worth $346,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of the company. Pembroke Management LTD increased its position in Gentherm by 51.5% in the second quarter. Pembroke Management LTD now owns 1,034,508 shares of the company’s stock worth $35,431,000 after buying an additional 351,500 shares in the last quarter. Van Berkom & Associates Inc. increased its position in Gentherm by 28.8% in the second quarter. Van Berkom & Associates Inc. now owns 1,550,480 shares of the company’s stock worth $53,104,000 after buying an additional 346,873 shares in the last quarter. Lazard Asset Management LLC increased its position in Gentherm by 27.2% in the first quarter. Lazard Asset Management LLC now owns 446,647 shares of the company’s stock worth $18,576,000 after buying an additional 95,379 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Gentherm by 8.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 970,640 shares of the company’s stock worth $40,369,000 after buying an additional 72,956 shares in the last quarter. Finally, Reinhart Partners Inc. purchased a new position in Gentherm during the second quarter worth about $2,274,000. 96.36% of the stock is currently owned by institutional investors and hedge funds.
Gentherm Inc. (NASDAQ:THRM) traded down 0.87% during mid-day trading on Thursday, hitting $30.93. The company had a trading volume of 242,585 shares. The stock’s 50 day moving average price is $31.65 and its 200 day moving average price is $35.68. Gentherm Inc. has a 52-week low of $29.78 and a 52-week high of $51.71. The firm has a market cap of $1.13 billion, a P/E ratio of 13.06 and a beta of 1.89.
Gentherm (NASDAQ:THRM) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by $0.07. Gentherm had a return on equity of 20.22% and a net margin of 9.77%. The business earned $232.72 million during the quarter, compared to analyst estimates of $240.54 million. During the same quarter last year, the firm posted $0.54 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts predict that Gentherm Inc. will post $2.06 EPS for the current fiscal year.
A number of research firms recently issued reports on THRM. Barrington Research downgraded Gentherm from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 28th. Argus restated a “buy” rating and set a $44.00 price target on shares of Gentherm in a research note on Tuesday, June 14th. Zacks Investment Research upgraded Gentherm from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. JPMorgan Chase & Co. lowered their target price on Gentherm from $48.00 to $44.00 and set an “overweight” rating on the stock in a research note on Friday, July 29th. Finally, FBR & Co lowered their target price on Gentherm from $49.00 to $42.00 and set a “market perform” rating on the stock in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $45.00.
Gentherm Incorporated (Gentherm) is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The Company has two segments: Automotive and Industrial. The Automotive segment comprises Gentherm’s three geographic operating segments: North America, Europe and Asia.
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