Y Intercept Hong Kong Ltd Invests $918,000 in Gentherm Inc (NASDAQ:THRM)

Key Points

• Y Intercept Hong Kong Ltd acquired 34,317 shares of Gentherm Inc, valued at approximately $918,000, representing about 0.11% ownership in the company.
• Gentherm's stock is currently priced at $34.40 and has seen a 4.7% increase recently, with a market capitalization of $1.06 billion.
• Research analysts have upgraded Gentherm from a “hold” to a “buy” rating, with an average price target of $50.33.

Y Intercept Hong Kong Ltd bought a new position in shares of Gentherm Inc (NASDAQ:THRM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 34,317 shares of the auto parts company's stock, valued at approximately $918,000. Y Intercept Hong Kong Ltd owned about 0.11% of Gentherm at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FNY Investment Advisers LLC acquired a new position in shares of Gentherm during the first quarter valued at about $26,000. Versant Capital Management Inc acquired a new position in shares of Gentherm during the first quarter valued at about $28,000. GAMMA Investing LLC raised its position in shares of Gentherm by 332.4% during the first quarter. GAMMA Investing LLC now owns 2,106 shares of the auto parts company's stock valued at $56,000 after buying an additional 1,619 shares during the last quarter. Quarry LP raised its position in shares of Gentherm by 226.8% during the fourth quarter. Quarry LP now owns 1,755 shares of the auto parts company's stock valued at $70,000 after buying an additional 1,218 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in shares of Gentherm by 117.1% during the fourth quarter. Headlands Technologies LLC now owns 1,837 shares of the auto parts company's stock valued at $73,000 after buying an additional 991 shares during the last quarter. Institutional investors and hedge funds own 97.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on THRM. JPMorgan Chase & Co. upped their price objective on shares of Gentherm from $37.00 to $38.00 and gave the company a "neutral" rating in a research report on Monday. Wall Street Zen raised shares of Gentherm from a "hold" rating to a "buy" rating in a research report on Saturday. Robert W. Baird upped their price objective on shares of Gentherm from $28.00 to $35.00 and gave the company an "outperform" rating in a research report on Friday, July 11th. Finally, Baird R W raised shares of Gentherm from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Gentherm presently has a consensus rating of "Buy" and an average price target of $46.00.

Gentherm Price Performance

NASDAQ:THRM traded down $0.64 during mid-day trading on Tuesday, hitting $33.98. The company's stock had a trading volume of 31,412 shares, compared to its average volume of 321,676. Gentherm Inc has a fifty-two week low of $22.75 and a fifty-two week high of $56.68. The company has a current ratio of 2.01, a quick ratio of 1.35 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 33.30 and a beta of 1.42. The stock has a fifty day moving average of $29.01 and a 200-day moving average of $30.33.

Gentherm (NASDAQ:THRM - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The auto parts company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.05). Gentherm had a return on equity of 9.90% and a net margin of 2.18%. The business had revenue of $375.09 million during the quarter, compared to analyst estimates of $358.09 million. During the same period last year, the company earned $0.66 EPS. The business's revenue for the quarter was down .2% on a year-over-year basis. As a group, equities analysts forecast that Gentherm Inc will post 3.1 EPS for the current fiscal year.

About Gentherm

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.