Pinebridge Investments LP Acquires 42606 Shares of Gentherm Inc (NASDAQ:THRM)

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Pinebridge Investments L.P. boosted its stake in Gentherm Inc (NASDAQ:THRM) by 893.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,377 shares of the auto parts company’s stock after acquiring an additional 42,606 shares during the quarter. Pinebridge Investments L.P. owned 0.13% of Gentherm worth $1,838,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new stake in Gentherm in the 2nd quarter valued at $303,000. Thrivent Financial For Lutherans lifted its position in Gentherm by 7.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 22,190 shares of the auto parts company’s stock valued at $861,000 after acquiring an additional 1,580 shares in the last quarter. Tricadia Capital Management LLC lifted its position in Gentherm by 5.2% in the 2nd quarter. Tricadia Capital Management LLC now owns 196,700 shares of the auto parts company’s stock valued at $7,632,000 after acquiring an additional 9,800 shares in the last quarter. Teachers Advisors LLC lifted its position in Gentherm by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 66,514 shares of the auto parts company’s stock valued at $2,581,000 after acquiring an additional 4,255 shares in the last quarter. Finally, CWA Asset Management Group LLC lifted its position in Gentherm by 0.7% in the 2nd quarter. CWA Asset Management Group LLC now owns 5,792 shares of the auto parts company’s stock valued at $225,000 after acquiring an additional 42 shares in the last quarter. 96.75% of the stock is currently owned by institutional investors and hedge funds.

Gentherm Inc (THRM) traded up 1.36% on Friday, hitting $37.15. 165,469 shares of the stock traded hands. The stock has a 50 day moving average of $31.37 and a 200 day moving average of $35.98. The firm has a market capitalization of $1.37 billion, a PE ratio of 17.05 and a beta of 1.94. Gentherm Inc has a 52 week low of $26.60 and a 52 week high of $40.80.

Gentherm (NASDAQ:THRM) last released its quarterly earnings results 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). Gentherm had a net margin of 8.34% and a return on equity of 16.34%. The firm had revenue of $243.40 million for the quarter, compared to the consensus estimate of $244.48 million. During the same period in the previous year, the business earned $0.59 earnings per share. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities research analysts anticipate that Gentherm Inc will post $2.07 earnings per share for the current year.

THRM has been the topic of several research reports. BidaskClub cut shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Zacks Investment Research raised shares of Gentherm from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Friday, July 7th. BMO Capital Markets boosted their price target on shares of Gentherm from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Friday, July 14th. Craig Hallum cut shares of Gentherm from a “buy” rating to a “hold” rating and cut their price target for the stock from $44.00 to $38.00 in a research report on Friday, July 28th. Finally, Barrington Research cut their price target on shares of Gentherm from $47.00 to $43.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $40.75.

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Gentherm Company Profile

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.

Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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