Antero Res (AR) Shareholder Brave Warrior Advisors Decreased Its Position by $2.44 Million; Gentex (GNTX) Shares Rose While Rk Asset Management Has Trimmed by $8.00 Million Its Stake

May 27, 2018 - By Stephen Andrade

Gentex Corporation (NASDAQ:GNTX) Logo

Rk Asset Management Llc decreased its stake in Gentex Corp (GNTX) by 75.64% based on its latest 2017Q4 regulatory filing with the SEC. Rk Asset Management Llc sold 400,145 shares as the company’s stock rose 8.38% while stock markets declined. The institutional investor held 128,870 shares of the o.e.m. company at the end of 2017Q4, valued at $2.70M, down from 529,015 at the end of the previous reported quarter. Rk Asset Management Llc who had been investing in Gentex Corp for a number of months, seems to be less bullish one the $6.43 billion market cap company. The stock decreased 1.18% or $0.28 during the last trading session, reaching $23.49. About 847,439 shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 8.07% since May 27, 2017 and is uptrending. It has underperformed by 3.48% the S&P500.

Glenn Greenberg decreased its stake in Antero Res Corp (AR) by 1.15% based on its latest 2017Q4 regulatory filing with the SEC. Brave Warrior Advisors Llc sold 128,495 shares as the company’s stock rose 3.39% while stock markets declined. The hedge fund run by Glenn Greenberg held 11.04M shares of the oil & gas production company at the end of 2017Q4, valued at $209.84 million, down from 11.17 million at the end of the previous reported quarter. Brave Warrior Advisors Llc who had been investing in Antero Res Corp for a number of months, seems to be less bullish one the $5.79B market cap company. The stock decreased 0.81% or $0.15 during the last trading session, reaching $18.27. About 3.52M shares traded or 9.90% up from the average. Antero Resources Corporation (NYSE:AR) has declined 15.07% since May 27, 2017 and is downtrending. It has underperformed by 26.62% the S&P500.

Analysts await Gentex Corporation (NASDAQ:GNTX) to report earnings on July, 20. They expect $0.41 earnings per share, up 32.26% or $0.10 from last year’s $0.31 per share. GNTX’s profit will be $112.28 million for 14.32 P/E if the $0.41 EPS becomes a reality. After $0.40 actual earnings per share reported by Gentex Corporation for the previous quarter, Wall Street now forecasts 2.50% EPS growth.

Among 8 analysts covering Gentex Corp (NASDAQ:GNTX), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Gentex Corp had 26 analyst reports since October 20, 2015 according to SRatingsIntel. FBR Capital maintained the shares of GNTX in report on Wednesday, July 19 with “Buy” rating. The rating was maintained by FBR Capital on Thursday, January 11 with “Buy”. The firm has “Hold” rating given on Sunday, April 22 by Susquehanna. The stock of Gentex Corporation (NASDAQ:GNTX) has “Outperform” rating given on Friday, October 21 by FBR Capital. On Monday, July 24 the stock rating was downgraded by Craig Hallum to “Hold”. The stock has “Neutral” rating by JP Morgan on Tuesday, April 24. The rating was maintained by Susquehanna on Wednesday, March 14 with “Hold”. Robert W. Baird downgraded Gentex Corporation (NASDAQ:GNTX) rating on Wednesday, January 27. Robert W. Baird has “Neutral” rating and $14 target. On Thursday, October 12 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. FBR Capital maintained the shares of GNTX in report on Tuesday, March 27 with “Buy” rating.

Since January 29, 2018, it had 0 insider purchases, and 9 insider sales for $24.82 million activity. 12,000 shares valued at $280,968 were sold by GOODE GARY F on Monday, January 29. $611,341 worth of Gentex Corporation (NASDAQ:GNTX) shares were sold by MULDER JOHN A. $184,282 worth of stock was sold by Nash Kevin C on Tuesday, January 30. SOTOK FREDERICK A sold $91,665 worth of stock or 4,000 shares. 1,060 shares were sold by Matthews Joseph E IV, worth $23,860. On Monday, January 29 the insider Hoekstra Peter sold $1.11M.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.36, from 1.24 in 2017Q3. It dived, as 26 investors sold GNTX shares while 144 reduced holdings. 52 funds opened positions while 98 raised stakes. 219.42 million shares or 2.26% less from 224.48 million shares in 2017Q3 were reported. Keybank National Association Oh accumulated 20,307 shares. Asset Mgmt One Limited holds 13,730 shares. 86,284 were reported by Fdx Advsr. Employees Retirement Systems Of Texas has 0.08% invested in Gentex Corporation (NASDAQ:GNTX) for 317,000 shares. Paloma Prns Mgmt holds 0.02% or 63,705 shares. National Bank & Trust Of Montreal Can has invested 0% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Weatherly Asset LP has invested 0.06% in Gentex Corporation (NASDAQ:GNTX). Ameritas Invest Partners owns 128,084 shares or 0.12% of their US portfolio. Hendershot holds 196,955 shares or 1.66% of its portfolio. Fiduciary Trust Co invested in 0.01% or 9,959 shares. Riverhead Capital Mgmt Limited Company stated it has 45,111 shares. Verity Asset Management has invested 0.2% in Gentex Corporation (NASDAQ:GNTX). Etrade Limited Liability Company holds 0.02% or 34,938 shares in its portfolio. Millennium Management Limited Liability holds 0.05% or 1.81 million shares. Moreover, Kenmare Capital Prtnrs Ltd Liability Co has 2.97% invested in Gentex Corporation (NASDAQ:GNTX) for 130,000 shares.

More news for Gentex Corporation (NASDAQ:GNTX) were recently published by: Globenewswire.com, which released: “FCA US Honors Gentex for Supplier Performance” on May 08, 2018. Globenewswire.com‘s article titled: “Gentex Recognized as 2017 Supplier of the Year by General Motors” and published on May 04, 2018 is yet another important article.

Among 29 analysts covering Antero Resources (NYSE:AR), 13 have Buy rating, 0 Sell and 16 Hold. Therefore 45% are positive. Antero Resources has $45 highest and $18 lowest target. $26.60’s average target is 45.59% above currents $18.27 stock price. Antero Resources had 106 analyst reports since July 21, 2015 according to SRatingsIntel. SunTrust initiated Antero Resources Corporation (NYSE:AR) rating on Friday, December 8. SunTrust has “Hold” rating and $23.0 target. Citigroup maintained the shares of AR in report on Friday, July 21 with “Buy” rating. As per Tuesday, July 21, the company rating was initiated by Cowen & Co. The stock has “Buy” rating by KeyBanc Capital Markets on Sunday, January 21. The firm has “Accumulate” rating by Seaport Global given on Friday, December 9. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, April 28 report. As per Monday, April 3, the company rating was maintained by Credit Suisse. Robert W. Baird maintained Antero Resources Corporation (NYSE:AR) rating on Friday, September 8. Robert W. Baird has “Buy” rating and $38.0 target. As per Friday, April 15, the company rating was upgraded by JP Morgan. On Monday, December 11 the stock rating was initiated by Credit Suisse with “Hold”.

Analysts await Antero Resources Corporation (NYSE:AR) to report earnings on August, 1. They expect $0.12 earnings per share, up 220.00% or $0.22 from last year’s $-0.1 per share. AR’s profit will be $38.05 million for 38.06 P/E if the $0.12 EPS becomes a reality. After $0.39 actual earnings per share reported by Antero Resources Corporation for the previous quarter, Wall Street now forecasts -69.23% negative EPS growth.

Since March 2, 2018, it had 0 buys, and 2 sales for $97,325 activity.

Gentex Corporation (NASDAQ:GNTX) Institutional Positions Chart

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