Thompson Davis & Co Lowered Its Gentex (GNTX) Holding by $483,360; Hawk Ridge Management Boosted Matson (MATX) Position by $1.20 Million

December 8, 2017 - By Darrin Black

Thompson Davis & Co decreased its stake in Gentex Corp (GNTX) by 94.53% based on its latest 2017Q2 regulatory filing with the SEC. Thompson Davis & Co sold 25,440 shares as the company’s stock declined 8.68% while stock markets rallied. The institutional investor held 1,472 shares of the o.e.m. company at the end of 2017Q2, valued at $28,000, down from 26,912 at the end of the previous reported quarter. Thompson Davis & Co who had been investing in Gentex Corp for a number of months, seems to be less bullish one the $5.80B market cap company. The stock increased 0.49% or $0.1 during the last trading session, reaching $20.43. About 1.48M shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 19.63% since December 8, 2016 and is uptrending. It has outperformed by 2.93% the S&P500.

Hawk Ridge Management Llc increased its stake in Matson Inc (MATX) by 15.05% based on its latest 2017Q2 regulatory filing with the SEC. Hawk Ridge Management Llc bought 39,939 shares as the company’s stock declined 18.22% while stock markets rallied. The institutional investor held 305,377 shares of the consumer services company at the end of 2017Q2, valued at $9.17M, up from 265,438 at the end of the previous reported quarter. Hawk Ridge Management Llc who had been investing in Matson Inc for a number of months, seems to be bullish on the $1.22 billion market cap company. The stock increased 0.56% or $0.16 during the last trading session, reaching $28.67. About 239,440 shares traded. Matson, Inc. (NYSE:MATX) has declined 5.12% since December 8, 2016 and is downtrending. It has underperformed by 21.82% the S&P500.

Analysts await Gentex Corporation (NASDAQ:GNTX) to report earnings on January, 26. They expect $0.32 EPS, up 3.23% or $0.01 from last year’s $0.31 per share. GNTX’s profit will be $90.85M for 15.96 P/E if the $0.32 EPS becomes a reality. After $0.31 actual EPS reported by Gentex Corporation for the previous quarter, Wall Street now forecasts 3.23% EPS growth.

Among 6 analysts covering Gentex Corp (NASDAQ:GNTX), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Gentex Corp has $2500 highest and $14 lowest target. $22’s average target is 7.68% above currents $20.43 stock price. Gentex Corp had 14 analyst reports since October 20, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital with “Buy” on Wednesday, July 19. The firm earned “Hold” rating on Monday, July 24 by Craig Hallum. The firm has “Outperform” rating given on Monday, October 23 by Robert W. Baird. The firm has “Buy” rating given on Wednesday, August 23 by KeyBanc Capital Markets. On Friday, October 21 the stock rating was maintained by FBR Capital with “Outperform”. The stock of Gentex Corporation (NASDAQ:GNTX) has “Buy” rating given on Friday, October 20 by Robert W. Baird. KeyBanc Capital Markets maintained Gentex Corporation (NASDAQ:GNTX) rating on Monday, November 13. KeyBanc Capital Markets has “Buy” rating and $25.0 target. Robert W. Baird upgraded Gentex Corporation (NASDAQ:GNTX) on Thursday, August 24 to “Outperform” rating. The stock of Gentex Corporation (NASDAQ:GNTX) earned “Neutral” rating by Susquehanna on Monday, December 19. KeyBanc Capital Markets maintained it with “Buy” rating and $25.0 target in Thursday, October 12 report.

Investors sentiment increased to 0.92 in Q2 2017. Its up 0.07, from 0.85 in 2017Q1. It improved, as 42 investors sold GNTX shares while 139 reduced holdings. 47 funds opened positions while 120 raised stakes. 226.47 million shares or 2.40% less from 232.03 million shares in 2017Q1 were reported. Bell Natl Bank holds 14,138 shares or 0.1% of its portfolio. Lsv Asset accumulated 14,300 shares. Impact Advsrs holds 0.4% or 46,375 shares in its portfolio. Cambridge Inv Rech Advisors has invested 0.02% in Gentex Corporation (NASDAQ:GNTX). Glob X Mngmt Lc holds 0.01% or 15,343 shares. Moreover, Huntington Natl Bank has 0.01% invested in Gentex Corporation (NASDAQ:GNTX) for 18,922 shares. Arcadia Mngmt Corp Mi reported 0.03% in Gentex Corporation (NASDAQ:GNTX). 5,265 were accumulated by Sei Investments Comm. Schwab Charles Inv Mgmt Incorporated stated it has 0.03% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Amer Group Inc stated it has 650,745 shares. North Point Portfolio Managers Corporation Oh accumulated 798,819 shares. Busey, a Illinois-based fund reported 181,664 shares. Hartline Investment has invested 0.07% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Lvm Cap Mngmt Ltd Mi owns 10,225 shares. Gemmer Asset Limited Liability Company owns 0% invested in Gentex Corporation (NASDAQ:GNTX) for 577 shares.

Thompson Davis & Co, which manages about $107.57 million and $62.24 million US Long portfolio, upped its stake in Starbucks Corp (NASDAQ:SBUX) by 6,916 shares to 8,436 shares, valued at $492,000 in 2017Q2, according to the filing. It also increased its holding in Vanguard Index Fds (VTV) by 8,679 shares in the quarter, for a total of 12,240 shares, and has risen its stake in Camping World Hldgs Inc.

Investors sentiment increased to 1.06 in Q2 2017. Its up 0.03, from 1.03 in 2017Q1. It improved, as 15 investors sold MATX shares while 50 reduced holdings. 19 funds opened positions while 50 raised stakes. 36.41 million shares or 0.61% more from 36.19 million shares in 2017Q1 were reported. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% of its portfolio in Matson, Inc. (NYSE:MATX). Bnp Paribas Arbitrage has invested 0% in Matson, Inc. (NYSE:MATX). Schwab Charles Invest reported 268,290 shares. Moreover, Millennium Management Lc has 0% invested in Matson, Inc. (NYSE:MATX) for 77,462 shares. State Board Of Administration Of Florida Retirement Sys holds 32,580 shares. State Bank Of Hawaii reported 86,973 shares stake. Tiaa Cref Mgmt Ltd Liability Com invested in 232,164 shares. Coldstream Cap Management, Washington-based fund reported 12,619 shares. Aperio Lc owns 8,235 shares for 0% of their portfolio. Smithfield Trust accumulated 6,061 shares or 0.03% of the stock. Parametric Port Assoc Ltd Limited Liability Company accumulated 76,585 shares. New York-based Jpmorgan Chase And Com has invested 0% in Matson, Inc. (NYSE:MATX). Clearbridge Ltd Liability Company invested in 322,193 shares or 0.21% of the stock. Vanguard Grp reported 0.01% of its portfolio in Matson, Inc. (NYSE:MATX). Moreover, Commonwealth Equity has 0% invested in Matson, Inc. (NYSE:MATX).

Hawk Ridge Management Llc, which manages about $252.85M US Long portfolio, decreased its stake in Workiva Inc by 258,805 shares to 572,243 shares, valued at $10.90 million in 2017Q2, according to the filing. It also reduced its holding in Apptio Inc by 104,957 shares in the quarter, leaving it with 313,043 shares, and cut its stake in Loral Space & Communicatns I (NASDAQ:LORL).

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