Gentherm Inc (THRM) Shares Sold by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. lessened its stake in Gentherm Inc (NASDAQ:THRM) by 16.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,079 shares of the auto parts company’s stock after selling 46,500 shares during the period. Gentherm accounts for approximately 2.5% of Global Alpha Capital Management Ltd.’s portfolio, making the stock its 20th largest position. Global Alpha Capital Management Ltd.’s holdings in Gentherm were worth $10,366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Krane Funds Advisors LLC boosted its stake in Gentherm by 19.1% in the second quarter. Krane Funds Advisors LLC now owns 8,763 shares of the auto parts company’s stock valued at $344,000 after acquiring an additional 1,403 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Gentherm by 37.0% during the third quarter. Riverhead Capital Management LLC now owns 5,552 shares of the auto parts company’s stock worth $252,000 after buying an additional 1,500 shares during the period. Zions Bancorporation boosted its stake in shares of Gentherm by 55.2% during the second quarter. Zions Bancorporation now owns 4,275 shares of the auto parts company’s stock worth $168,000 after buying an additional 1,520 shares during the period. Sei Investments Co. boosted its stake in shares of Gentherm by 59.0% during the second quarter. Sei Investments Co. now owns 4,915 shares of the auto parts company’s stock worth $193,000 after buying an additional 1,824 shares during the period. Finally, Xact Kapitalforvaltning AB boosted its stake in shares of Gentherm by 20.4% during the third quarter. Xact Kapitalforvaltning AB now owns 11,816 shares of the auto parts company’s stock worth $537,000 after buying an additional 2,000 shares during the period.

Shares of NASDAQ:THRM opened at $44.66 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.55 and a quick ratio of 1.94. The stock has a market capitalization of $1.56 billion, a P/E ratio of 19.33 and a beta of 1.39. Gentherm Inc has a 52 week low of $30.17 and a 52 week high of $50.30.

Gentherm (NASDAQ:THRM) last announced its quarterly earnings data on Thursday, October 25th. The auto parts company reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.05). The firm had revenue of $258.94 million during the quarter, compared to analyst estimates of $261.61 million. Gentherm had a net margin of 2.31% and a return on equity of 14.28%. On average, sell-side analysts anticipate that Gentherm Inc will post 2.22 earnings per share for the current fiscal year.

Several brokerages have recently weighed in on THRM. BidaskClub downgraded shares of Gentherm from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 8th. Buckingham Research increased their target price on shares of Gentherm from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 3rd. TheStreet downgraded shares of Gentherm from a “b” rating to a “c” rating in a research note on Thursday, October 25th. ValuEngine upgraded shares of Gentherm from a “hold” rating to a “buy” rating in a research note on Saturday, October 27th. Finally, Zacks Investment Research upgraded shares of Gentherm from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Wednesday, August 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $44.20.

In related news, VP Kenneth John Phillips sold 8,500 shares of the firm’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $45.93, for a total value of $390,405.00. Following the completion of the sale, the vice president now owns 31,698 shares in the company, valued at $1,455,889.14. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Frithjof Oldorff sold 20,000 shares of the firm’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $49.15, for a total transaction of $983,000.00. Following the completion of the sale, the insider now owns 57,442 shares of the company’s stock, valued at approximately $2,823,274.30. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

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Gentherm Profile

Gentherm Incorporated designs, develops, and manufactures thermal management technologies in North America, Europe, and Asia. The company operates through two segments, Automotive and Industrial. The Automotive segment offers automotive seat comfort systems, including seat heaters, variable temperature climate control seats that are designed to provide individualized thermal comfort to automobile passengers; and integrated electronic components, such as blowers and electronic control units.

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Institutional Ownership by Quarter for Gentherm (NASDAQ:THRM)

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