Marcato Capital Management LP Increased Its Gentherm INC (THRM) Stake

November 10, 2018 - By Ashley Bratcher

Gentherm Incorporated (NASDAQ:THRM) Corporate Logo

Marcato Capital Management Lp’s stake in Gentherm Inc (THRM) is increased by 61.01% based on its latest 2018Q2 regulatory filing with the SEC. The company’s stock rose 29.21% with the market as Marcato Capital Management Lp bought 135,000 shares. The hedge fund is holding 356,281 shares, compared to the 221,281 from the previous quarter. And the reported value of the o.e.m. company is $14.00M for the 2018Q2. Marcato Capital Management Lp has cut its stake in Iac Interactivecorp (NASDAQ:IACI) and also reduced its holding in Aar Corp (NYSE:AIR) by 100,220 shares in the quarter, for a total of 1.14 million shares.

A couple more Gentherm Incorporated (NASDAQ:THRM) news were published by: Globenewswire.com which released on October 18, 2018 “Gentherm Named Finalist for 2019 Automotive News PACE Awards”, also Seekingalpha.com on October 25, 2018 published “Gentherm (THRM) Q3 2018 Results – Earnings Call Transcript”, the next Nasdaq.com is “Gentherm Names Mark A. Potesta as Senior Vice President and Chief Technology Officer” on November 07, 2018. Seekingalpha.com has article titled “JPMorgan trims auto supplier outlooks”.

Gentherm Incorporated (NASDAQ:THRM) Ratings Coverage

A total of 5 analysts rate Gentherm (NASDAQ:THRM) as follows: 2 “Buy”, 2 “Hold” and 1 “Sell”. Š¢herefore 40% are bullish. (NASDAQ:THRM) has 8 ratings reports on 10 Nov 2018 according to StockzIntelligence. On Wednesday, June 20 FBR Capital maintained Gentherm Incorporated (NASDAQ:THRM) rating. FBR Capital has “Buy” rating and $4500 target. On Tuesday, June 26 the company was maintained by FBR Capital. On Wednesday, October 3 the rating was maintained by Buckingham Research with “Neutral”. The company rating was downgraded by JP Morgan on Friday, October 19. On Tuesday, July 31 the company was maintained by BMO Capital Markets. On Friday, July 27 Buckingham Research maintained Gentherm Incorporated (NASDAQ:THRM) with “Neutral” rating. On Tuesday, June 26 the firm earned “Sell” rating by Longbow. In Friday, July 27 report JP Morgan maintained the stock with “Overweight” rating.

Gentherm Incorporated (NASDAQ:THRM) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.