Tricadia Capital Management LLC grew its stake in Gentherm Inc (NASDAQ:THRM) by 5.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 196,700 shares of the auto parts company’s stock after acquiring an additional 9,800 shares during the quarter. Gentherm accounts for 2.7% of Tricadia Capital Management LLC’s holdings, making the stock its 12th biggest position. Tricadia Capital Management LLC owned 0.53% of Gentherm worth $7,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Riverhead Capital Management LLC increased its stake in Gentherm by 70.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,730 shares of the auto parts company’s stock worth $106,000 after purchasing an additional 1,130 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Gentherm during the 1st quarter worth approximately $124,000. First Bank & Trust increased its stake in Gentherm by 4.3% during the 2nd quarter. First Bank & Trust now owns 3,515 shares of the auto parts company’s stock worth $137,000 after purchasing an additional 144 shares in the last quarter. Victory Capital Management Inc. increased its stake in Gentherm by 17.8% during the 1st quarter. Victory Capital Management Inc. now owns 3,975 shares of the auto parts company’s stock worth $156,000 after purchasing an additional 602 shares in the last quarter. Finally, Cim Investment Mangement Inc. bought a new stake in Gentherm during the 1st quarter worth approximately $202,000. 96.75% of the stock is owned by institutional investors.
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Gentherm Inc (THRM) traded up 0.30% during trading on Friday, reaching $33.45. The company’s stock had a trading volume of 85,131 shares. The stock has a market cap of $1.23 billion, a PE ratio of 15.35 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 $31.44 and its 200-day moving average is $36.06.
Gentherm (NASDAQ:THRM) last issued its earnings results on Thursday, July 27th. The auto parts company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.38). The business had revenue of $243.40 million during the quarter, compared to the consensus estimate of $244.48 million. Gentherm had a return on equity of 16.34% and a net margin of 8.34%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Equities analysts expect that Gentherm Inc will post $2.01 EPS for the current fiscal year.
A number of research firms recently issued reports on THRM. FBR & Co reissued a “buy” rating on shares of Gentherm in a research note on Thursday. Roth Capital set a $33.00 target price on Gentherm and gave the stock a “hold” rating in a research note on Friday, July 28th. BidaskClub cut Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. TheStreet cut Gentherm from a “b-” rating to a “c+” rating in a research note on Thursday, August 17th. Finally, Barrington Research lowered their target price on Gentherm from $47.00 to $43.00 and set an “outperform” rating for the company in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Gentherm has an average rating of “Hold” and an average price target of $40.75.
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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