Charles Paquelet increased its stake in Gentherm Inc (NASDAQ:THRM) by 812.5% based on its latest 2016Q2 regulatory filing with the SEC. Skylands Capital Llc bought 87,750 shares as the company’s stock declined 8.69% while stock markets rallied. The hedge fund run by Charles Paquelet held 98,550 shares of the o.e.m. company at the end of 2016Q2, valued at $4.10 million, up from 10,800 at the end of the previous reported quarter. Skylands Capital Llc who had been investing in Gentherm Inc for a number of months, seems to be bullish on the $1.14 billion market cap company. The stock is down 1.82% or $0.57 hitting $30.7, despite the positive news. About 141,071 shares traded hands. Gentherm Inc (NASDAQ:THRM) has declined 13.69% since February 8, 2016 and is downtrending. It has underperformed by 30.18% the S&P500.
Skylands Capital Llc, which manages about $986.41 million and $625.34M US Long portfolio, decreased its stake in Union Pac Corp (NYSE:UNP) by 82,000 shares to 661,375 shares, valued at $52.61M in 2016Q2, according to the filing. It also reduced its holding in Carmike Cinemas Inc (NASDAQ:CKEC) by 121,950 shares in the quarter, leaving it with 44,150 shares, and cut its stake in Norfolk Southern Corp (NYSE:NSC).
Skylands Capital Llc is a Wisconsin-based hedge fund that was founded by Charles Paquelet. It had more than $986.41 million assets under management in August, 2014. Taken from Skylands Capital latest Adv, the fund reported to have 10 full and part-time employees. Among which 3 performing investment advisory and research functions. The hedge fund had between 11-25 clients.
Out of 3 analysts covering Gentherm Inc (NASDAQ:THRM), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Gentherm Inc has been the topic of 3 analyst reports since July 29, 2016 according to StockzIntelligence Inc. Buckingham Research downgraded the stock on July 29 to “Neutral” rating. Roth Capital downgraded the shares of THRM in a report on July 29 to “Neutral” rating.
Gentherm Incorporated is a global technology company, which is engaged in the design, development, and manufacturing of innovative thermal management technologies and automotive cable systems. The company has a market cap of $1.14 billion. The Firm has two divisions: Automotive and Industrial. It has a 13 P/E ratio. The Automotive segment comprises Gentherm’s three geographic operating divisions: North America, Europe and Asia.
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