Gentex (GNTX) Share Value Declined While Sigma Investment Counselors Lowered Its Stake by $394,630; City Office Reit (CIO) Holder Orinda Asset Management Trimmed Its Stake

February 15, 2018 - By William Brooks

Sigma Investment Counselors Inc decreased its stake in Gentex Corp (GNTX) by 18.48% based on its latest 2017Q3 regulatory filing with the SEC. Sigma Investment Counselors Inc sold 20,770 shares as the company’s stock declined 8.68% while stock markets rallied. The institutional investor held 91,630 shares of the o.e.m. company at the end of 2017Q3, valued at $1.81M, down from 112,400 at the end of the previous reported quarter. Sigma Investment Counselors Inc who had been investing in Gentex Corp for a number of months, seems to be less bullish one the $6.47B market cap company. The stock increased 2.94% or $0.65 during the last trading session, reaching $22.78. About 2.06M shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 19.63% since February 15, 2017 and is uptrending. It has outperformed by 2.93% the S&P500.

Orinda Asset Management Llc decreased its stake in City Office Reit Inc (CIO) by 10.52% based on its latest 2017Q3 regulatory filing with the SEC. Orinda Asset Management Llc sold 57,816 shares as the company’s stock declined 6.92% while stock markets rallied. The institutional investor held 491,580 shares of the consumer services company at the end of 2017Q3, valued at $6.77 million, down from 549,396 at the end of the previous reported quarter. Orinda Asset Management Llc who had been investing in City Office Reit Inc for a number of months, seems to be less bullish one the $375.97 million market cap company. The stock decreased 1.04% or $0.11 during the last trading session, reaching $10.44. About 248,228 shares traded. City Office REIT, Inc. (NYSE:CIO) has risen 7.65% since February 15, 2017 and is uptrending. It has underperformed by 9.05% the S&P500.

Investors sentiment increased to 1.24 in Q3 2017. Its up 0.32, from 0.92 in 2017Q2. It improved, as 35 investors sold GNTX shares while 109 reduced holdings. 41 funds opened positions while 137 raised stakes. 224.48 million shares or 0.88% less from 226.47 million shares in 2017Q2 were reported. Commonwealth Equity Svcs reported 0% in Gentex Corporation (NASDAQ:GNTX). 10,225 are held by Lvm Capital Mgmt Limited Mi. Gabelli Funds Limited Company stated it has 245,000 shares or 0.03% of all its holdings. Capital Fund Management Sa holds 0.01% or 93,273 shares in its portfolio. The Massachusetts-based Ngam Advsrs Limited Partnership has invested 0.03% in Gentex Corporation (NASDAQ:GNTX). Tiedemann Wealth Ltd Co reported 0.04% stake. Hgk Asset Mngmt has invested 0.03% in Gentex Corporation (NASDAQ:GNTX). Reliance Company Of Delaware reported 11,778 shares. Teachers Retirement Sys Of The State Of Kentucky has invested 0.01% in Gentex Corporation (NASDAQ:GNTX). Liberty Mutual Group Inc Incorporated Asset Mgmt Incorporated holds 0.08% or 75,141 shares. Glob X Management Lc owns 0.01% invested in Gentex Corporation (NASDAQ:GNTX) for 19,625 shares. Deutsche Comml Bank Ag has invested 0.01% in Gentex Corporation (NASDAQ:GNTX). Amg Funds Ltd Limited Liability Company holds 82,496 shares. Moreover, Aperio Ltd Co has 0.01% invested in Gentex Corporation (NASDAQ:GNTX). Carlson Cap Ltd Partnership has 0.24% invested in Gentex Corporation (NASDAQ:GNTX).

Sigma Investment Counselors Inc, which manages about $718.41M and $703.37 million US Long portfolio, upped its stake in Ishares Tr (IVV) by 21,628 shares to 541,896 shares, valued at $137.06M in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (TIP) by 5,270 shares in the quarter, for a total of 195,355 shares, and has risen its stake in Vanguard Scottsdale Fds (VCSH).

Among 7 analysts covering Gentex Corp (NASDAQ:GNTX), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Gentex Corp had 19 analyst reports since October 20, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, October 20 by Robert W. Baird. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, October 12. The stock has “Outperform” rating by Robert W. Baird on Monday, October 23. On Tuesday, January 2 the stock rating was maintained by FBR Capital with “Buy”. The rating was maintained by FBR Capital on Friday, October 21 with “Outperform”. As per Monday, December 19, the company rating was initiated by Susquehanna. The stock has “Hold” rating by Craig Hallum on Monday, July 24. The firm has “Hold” rating by Craig Hallum given on Monday, January 29. The stock of Gentex Corporation (NASDAQ:GNTX) has “Buy” rating given on Monday, November 13 by KeyBanc Capital Markets. The company was maintained on Thursday, January 11 by FBR Capital.

Since September 27, 2017, it had 0 buys, and 8 selling transactions for $2.88 million activity. Shares for $1.11M were sold by Hoekstra Peter on Monday, January 29. $280,776 worth of Gentex Corporation (NASDAQ:GNTX) was sold by Wallace James H. Shares for $170,823 were sold by Ryan Scott P. The insider Nash Kevin C sold 4,320 shares worth $85,094. The insider Downing Steven R sold $157,582. 26,000 Gentex Corporation (NASDAQ:GNTX) shares with value of $611,341 were sold by MULDER JOHN A.

Analysts await City Office REIT, Inc. (NYSE:CIO) to report earnings on March, 1. They expect $0.27 EPS, up 17.39% or $0.04 from last year’s $0.23 per share. CIO’s profit will be $9.72 million for 9.67 P/E if the $0.27 EPS becomes a reality. After $0.19 actual EPS reported by City Office REIT, Inc. for the previous quarter, Wall Street now forecasts 42.11% EPS growth.

Orinda Asset Management Llc, which manages about $286.18 million and $109.07 million US Long portfolio, upped its stake in Colony Northstar Inc by 49,300 shares to 282,183 shares, valued at $3.54 million in 2017Q3, according to the filing. It also increased its holding in Macquarie Infrastructure Cor (NYSE:MIC) by 10,000 shares in the quarter, for a total of 30,000 shares, and has risen its stake in Spirit Rlty Cap Inc New (NYSE:SRC).

Investors sentiment increased to 1.61 in Q3 2017. Its up 0.14, from 1.47 in 2017Q2. It is positive, as 9 investors sold CIO shares while 22 reduced holdings. 18 funds opened positions while 32 raised stakes. 16.96 million shares or 8.03% more from 15.70 million shares in 2017Q2 were reported. New York-based Dalton Greiner Hartman Maher And has invested 0.2% in City Office REIT, Inc. (NYSE:CIO). Nuveen Asset Ltd Co reported 1.21M shares. Sei Company holds 0% of its portfolio in City Office REIT, Inc. (NYSE:CIO) for 25 shares. Commonwealth Equity Incorporated, a Massachusetts-based fund reported 19,097 shares. Asset Management One Company reported 54,722 shares. Real Estate Mngmt Svcs Lc invested in 1.9% or 670,343 shares. Guggenheim Capital Lc holds 0% or 20,786 shares in its portfolio. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in City Office REIT, Inc. (NYSE:CIO). Perritt Capital Inc reported 277,310 shares. Sumitomo Mitsui Trust Hldg stated it has 25,680 shares. Moreover, Tiaa Cref Invest Mngmt Limited Liability has 0% invested in City Office REIT, Inc. (NYSE:CIO). Bard Associate owns 105,410 shares for 0.68% of their portfolio. Metropolitan Life Insur Co New York holds 0% or 43,614 shares. Daiwa Securities Gru Inc accumulated 2,200 shares or 0% of the stock. Wells Fargo And Mn reported 89,090 shares stake.

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By1 William Brooks

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