American Research & Management Has Cut Gentex (GNTX) Holding; Shorts at GROWLIFE (PHOT) Raised By 53800%

May 21, 2018 - By Moses P. Lee

Gentex Corporation (NASDAQ:GNTX) Logo

American Research & Management decreased Gentex Corp (GNTX) stake by 83.94% reported in 2017Q4 SEC filing. American Research & Management sold 23,000 shares as Gentex Corp (GNTX)’s stock rose 8.38%. The American Research & Management holds 4,400 shares with $92,000 value, down from 27,400 last quarter. Gentex Corp now has $6.63B valuation. The stock increased 0.71% or $0.17 during the last trading session, reaching $24.22. About 1.21 million shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 8.07% since May 21, 2017 and is uptrending. It has underperformed by 3.48% the S&P500.

GROWLIFE INC (OTCMKTS:PHOT) had an increase of 53800% in short interest. PHOT’s SI was 53,900 shares in May as released by FINRA. Its up 53800% from 100 shares previously. The stock decreased 4.04% or $0.001 during the last trading session, reaching $0.019. About 10.87M shares traded. GrowLife, Inc. (OTCMKTS:PHOT) has 0.00% since May 21, 2017 and is . It has underperformed by 11.55% the S&P500.

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.

American Research & Management increased Synovus Financial 7.875 Pfd stake by 16,900 shares to 22,600 valued at $591,000 in 2017Q4. It also upped Coca Cola Company (NYSE:KO) stake by 6,751 shares and now owns 54,228 shares. S&P 500 Etf (SPY) was raised too.

Investors sentiment decreased to 0.88 in Q4 2017. 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. Glenmede Tru Na, a Pennsylvania-based fund reported 13,451 shares. Utd Service Automobile Association reported 38,120 shares. Etrade Cap Mgmt Limited Liability Corp invested 0.02% of its portfolio in Gentex Corporation (NASDAQ:GNTX). 1.03 million were accumulated by Tiaa Cref Investment Mngmt Limited Company. Sei Invs, Pennsylvania-based fund reported 376,734 shares. Arcadia Invest Mgmt Mi has 5,600 shares. Bessemer Grp reported 17,101 shares. Creative Planning holds 22,394 shares or 0% of its portfolio. Renaissance Techs Ltd Liability accumulated 0.02% or 900,200 shares. Congress Asset Ma holds 0.08% or 249,355 shares. Keybank National Association Oh holds 20,307 shares. State Street Corp, a Massachusetts-based fund reported 8.01M shares. Stephens Ar reported 20,442 shares. Qs Investors Ltd Liability Company invested in 10,372 shares or 0% of the stock. Stone Ridge Asset Ltd Limited Liability Company holds 96,914 shares.

Since January 29, 2018, it had 0 insider buys, and 9 insider sales for $24.82 million activity. $611,341 worth of Gentex Corporation (NASDAQ:GNTX) shares were sold by MULDER JOHN A. $1.11 million worth of Gentex Corporation (NASDAQ:GNTX) shares were sold by Hoekstra Peter. 12,000 Gentex Corporation (NASDAQ:GNTX) shares with value of $280,776 were sold by Wallace James H. $91,665 worth of Gentex Corporation (NASDAQ:GNTX) was sold by SOTOK FREDERICK A. $184,282 worth of Gentex Corporation (NASDAQ:GNTX) was sold by Nash Kevin C. 7,220 shares were sold by Ryan Scott P, worth $170,823 on Wednesday, January 31. $23,860 worth of Gentex Corporation (NASDAQ:GNTX) was sold by Matthews Joseph E IV on Thursday, March 1.

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 Gentex Corporation (NASDAQ:GNTX) on Friday, October 21 with “Outperform” rating. The stock has “Neutral” rating by JP Morgan on Tuesday, April 24. The firm has “Buy” rating given on Wednesday, July 19 by FBR Capital. The stock of Gentex Corporation (NASDAQ:GNTX) has “Buy” rating given on Thursday, February 22 by FBR Capital. The rating was maintained by Susquehanna with “Hold” on Wednesday, March 14. FBR Capital maintained the shares of GNTX in report on Tuesday, January 2 with “Buy” rating. The rating was downgraded by Robert W. Baird to “Hold” on Tuesday, January 23. FBR Capital maintained the stock with “Buy” rating in Monday, March 12 report. As per Monday, December 19, the company rating was initiated by Susquehanna. The firm has “Outperform” rating by Robert W. Baird given on Thursday, August 24.

Analysts await Gentex Corporation (NASDAQ:GNTX) to report earnings on July, 20. They expect $0.41 EPS, up 32.26% or $0.10 from last year’s $0.31 per share. GNTX’s profit will be $112.28 million for 14.77 P/E if the $0.41 EPS becomes a reality. After $0.40 actual EPS reported by Gentex Corporation for the previous quarter, Wall Street now forecasts 2.50% EPS growth.

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By1 Moses P. Lee

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