Halcyon Management Partners LP Has Upped Its Straight Path Communicatns I (STRP) Holding by $22.26 Million as Share Price Were Volatile; Gentex (GNTX) Shareholder American Research & Management Has Trimmed Its Holding as Stock Value Rose

April 17, 2018 - By Vivian Currie

Gentex Corporation (NASDAQ:GNTX) Logo

Halcyon Management Partners Lp increased its stake in Straight Path Communicatns I (STRP) by 5116.98% based on its latest 2017Q4 regulatory filing with the SEC. Halcyon Management Partners Lp bought 122,961 shares as the company’s stock 0.00% . The institutional investor held 125,364 shares of the telecommunications equipment company at the end of 2017Q4, valued at $22.79M, up from 2,403 at the end of the previous reported quarter. Halcyon Management Partners Lp who had been investing in Straight Path Communicatns I for a number of months, seems to be bullish on the $2.34 billion market cap company. The stock decreased 1.35% or $2.5 during the last trading session, reaching $183.37. About 1.83 million shares traded or 516.81% up from the average. Straight Path Communications Inc. (NYSEMKT:STRP) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

American Research & Management decreased its stake in Gentex Corp (GNTX) by 83.94% based on its latest 2017Q4 regulatory filing with the SEC. American Research & Management sold 23,000 shares as the company’s stock rose 8.38% while stock markets declined. The institutional investor held 4,400 shares of the o.e.m. company at the end of 2017Q4, valued at $92,000, down from 27,400 at the end of the previous reported quarter. American Research & Management who had been investing in Gentex Corp for a number of months, seems to be less bullish one the $6.63B market cap company. The stock decreased 0.49% or $0.12 during the last trading session, reaching $24.23. About 2.93M shares traded or 31.34% up from the average. Gentex Corporation (NASDAQ:GNTX) has risen 8.07% since April 17, 2017 and is uptrending. It has underperformed by 3.48% the S&P500.

Since January 29, 2018, it had 0 insider purchases, and 8 insider sales for $24.73 million activity. $23,860 worth of stock was sold by Matthews Joseph E IV on Thursday, March 1. Hoekstra Peter sold $1.11M worth of stock or 47,000 shares. 26,000 shares valued at $611,341 were sold by MULDER JOHN A on Monday, January 29. Another trade for 12,000 shares valued at $280,968 was made by GOODE GARY F on Monday, January 29. Ryan Scott P also sold $170,823 worth of Gentex Corporation (NASDAQ:GNTX) on Wednesday, January 31. Wallace James H sold 12,000 shares worth $280,776.

American Research & Management, which manages about $343.97 million and $324.00 million US Long portfolio, upped its stake in S&P 500 Etf (SPY) by 3,608 shares to 3,668 shares, valued at $979,000 in 2017Q4, according to the filing. It also increased its holding in International Flavors & Fragra (NYSE:IFF) by 2,600 shares in the quarter, for a total of 3,600 shares, and has risen its stake in Deutsche Bank 8.05 Pfd (NYSE:DKT).

Among 7 analysts covering Gentex Corp (NASDAQ:GNTX), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Gentex Corp had 23 analyst reports since October 20, 2015 according to SRatingsIntel. The firm has “Buy” rating by FBR Capital given on Thursday, February 22. Robert W. Baird maintained Gentex Corporation (NASDAQ:GNTX) on Monday, October 23 with “Outperform” rating. The firm has “Outperform” rating by Robert W. Baird given on Thursday, August 24. FBR Capital maintained the stock with “Buy” rating in Monday, March 12 report. The firm has “Buy” rating given on Wednesday, August 23 by KeyBanc Capital Markets. The stock of Gentex Corporation (NASDAQ:GNTX) has “Buy” rating given on Tuesday, March 27 by FBR Capital. Craig Hallum maintained the shares of GNTX in report on Monday, January 29 with “Hold” rating. The company was maintained on Wednesday, July 19 by FBR Capital. As per Monday, July 24, the company rating was downgraded by Craig Hallum. The firm earned “Neutral” rating on Monday, December 19 by Susquehanna.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.36, from 1.24 in 2017Q3. It turned negative, 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. Walleye Trading Limited Com holds 5,155 shares. Pggm Invests holds 0.1% or 865,482 shares. Motley Fool Wealth Mngmt Ltd stated it has 571,498 shares or 0.92% of all its holdings. Atlantic Group Incorporated Ltd invested in 66 shares. Bright Rock Mgmt Limited Liability, a Massachusetts-based fund reported 71,000 shares. American Century reported 1.06 million shares stake. Capital Ww Invsts stated it has 3.91 million shares or 0.02% of all its holdings. Country Fincl Bank, Illinois-based fund reported 1.33M shares. Cap Impact Advsr Limited Liability Corp holds 0.48% of its portfolio in Gentex Corporation (NASDAQ:GNTX) for 52,675 shares. California State Teachers Retirement System holds 0.02% of its portfolio in Gentex Corporation (NASDAQ:GNTX) for 457,806 shares. Lsv Asset owns 14,300 shares for 0% of their portfolio. Moreover, Fiduciary Trust has 0.01% invested in Gentex Corporation (NASDAQ:GNTX). Wright Invsts Ser has 26,082 shares. Dearborn Prtnrs Limited Liability Com accumulated 12,300 shares. The Florida-based Raymond James Ser Advsrs Inc has invested 0.01% in Gentex Corporation (NASDAQ:GNTX).

Analysts await Gentex Corporation (NASDAQ:GNTX) to report earnings on April, 20 before the open. They expect $0.40 EPS, up 21.21% or $0.07 from last year’s $0.33 per share. GNTX’s profit will be $109.45M for 15.14 P/E if the $0.40 EPS becomes a reality. After $0.33 actual EPS reported by Gentex Corporation for the previous quarter, Wall Street now forecasts 21.21% EPS growth.

Gentex Corporation (NASDAQ:GNTX) Institutional Positions Chart

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