Gentherm Incorporated (NASDAQ:THRM) Short Interest Down 30.0% in February

Gentherm Incorporated (NASDAQ:THRM) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 819,200 shares, a decrease of 30.0% from the February 13th total of 1,170,000 shares. Based on an average trading volume of 243,300 shares, the short-interest ratio is presently 3.4 days. Approximately 2.7% of the shares of the stock are short sold.

Institutional Trading of Gentherm

Several hedge funds have recently modified their holdings of the stock. PharVision Advisers LLC acquired a new position in Gentherm during the 4th quarter worth $297,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Gentherm by 8.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 75,394 shares of the auto parts company’s stock worth $3,010,000 after acquiring an additional 5,663 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in shares of Gentherm by 280.9% during the fourth quarter. Voloridge Investment Management LLC now owns 114,187 shares of the auto parts company’s stock valued at $4,559,000 after acquiring an additional 84,207 shares during the period. Squarepoint Ops LLC boosted its holdings in Gentherm by 105.4% in the fourth quarter. Squarepoint Ops LLC now owns 42,647 shares of the auto parts company’s stock valued at $1,703,000 after acquiring an additional 21,888 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC increased its position in Gentherm by 104.7% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 11,965 shares of the auto parts company’s stock worth $478,000 after purchasing an additional 6,121 shares during the period. 97.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on THRM. StockNews.com cut Gentherm from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price target on shares of Gentherm from $56.00 to $51.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Finally, Robert W. Baird dropped their price objective on shares of Gentherm from $44.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, February 20th.

Gentherm Price Performance

Shares of THRM stock traded up $0.38 during trading hours on Tuesday, hitting $30.71. 25,746 shares of the company’s stock were exchanged, compared to its average volume of 190,240. Gentherm has a 52 week low of $29.75 and a 52 week high of $57.96. The stock has a market cap of $945.53 million, a price-to-earnings ratio of 14.83 and a beta of 1.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.01 and a quick ratio of 1.38. The stock’s 50-day moving average is $35.99 and its 200-day moving average is $40.67.

Gentherm (NASDAQ:THRM) last issued its quarterly earnings results on Wednesday, February 19th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.39). The company had revenue of $352.91 million for the quarter, compared to analyst estimates of $360.29 million. Gentherm had a return on equity of 11.43% and a net margin of 4.46%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the company earned $0.90 EPS. As a group, research analysts forecast that Gentherm will post 3.1 EPS for the current year.

Gentherm Company Profile

Gentherm Incorporated designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the United States and internationally. The company operates in two segments, Automotive and Medical. The Automotive segment offers climate comfort systems, which include seat heaters, blowers, and thermoelectric devices for variable temperature climate control seats and steering wheel heaters that are designed to provide thermal comfort to automobile passengers; integrated electronic components, such as electronic control units; and other climate comfort systems, including neck and shoulder conditioners and climate control system products for door panels, armrests, cupholders, and storage bins.