The Hedge Fund Scharf Investments Llc Trimmed Gentex Corp (NASDAQ:GNTX) Position by $10.74 Million

May 17, 2018 - By Lindsey Price

Gentex Corporation (NASDAQ:GNTX) Corporate LogoBig Money Sentiment decreased to 0.88 in 2017 Q4. It has change of 0.36, from 2017Q3’s 1.24. The ratio dived due to GNTX positioning: 26 sold and 144 reduced. 52 funds bought stakes and 98 increased stakes. Investors holded 224.48 million in 2017Q3 but now own 219.42 million shares or 2.26% less. Bancorporation Of Ny Mellon holds 0.02% or 4.14 million shs in its capital. Asset One reported 13,730 shs or 0% of all its holdings. Lsv Asset Mngmt accumulated 14,300 shs or 0% of the stock. Kirr Marbach Co Limited Liability Corporation In holds 2.34% of its capital in Gentex Corporation (NASDAQ:GNTX) for 555,106 shs. Neuberger Berman Ltd Llc stated it has 20,285 shs. Ameritas Prns Incorporated has invested 0.12% of its capital in Gentex Corporation (NASDAQ:GNTX). Bowling Mgmt Ltd has invested 0.23% of its capital in Gentex Corporation (NASDAQ:GNTX). Regions Fincl, Alabama-based fund reported 1,750 shs. Eaton Vance Management accumulated 957,602 shs. Art Advsrs Ltd Liability accumulated 0.04% or 41,120 shs. Euclidean Techs Mngmt Llc has 2.01% invested in Gentex Corporation (NASDAQ:GNTX) for 97,653 shs. Great West Life Assurance Can reported 0.01% stake. Gabelli Funds Ltd Liability invested 0.03% in Gentex Corporation (NASDAQ:GNTX). Robeco Institutional Asset Mngmt Bv reported 171,458 shs stake. Hartford Inv Mgmt Communications reported 0.03% in Gentex Corporation (NASDAQ:GNTX).

GNTX had 9 insider sales and 0 buys since January 29, 2018. This’s net activity of $24.82 million. Matthews Joseph E IV had sold 1,060 shs worth $23,860 on Thursday, March 1. $1.11 million worth of Gentex Corporation (NASDAQ:GNTX) was sold by Hoekstra Peter. On Monday, January 29 GOODE GARY F sold $280,968 worth of Gentex Corporation (NASDAQ:GNTX). Ryan Scott P had sold 7,220 shs worth $170,823 on Wednesday, January 31. The insider MULDER JOHN A sold $611,341. On Wednesday, May 2 the insider SOTOK FREDERICK A sold $91,665.

According to 2018Q1 Securities and Exchange filling the Scharf Investments Llc decreased its holdings in Gentex Corp (NASDAQ:GNTX) by 8.82%. By selling 466,757 shares Scharf Investments Llc made the stock Popped Up with 8.38%. The institutional investor is holding 4.82M shares, compared to the 5.29 million from the previous quarter. And the announced value of the o.e.m. company is $111.02 million for the 2018Q1. Gentex Corp has $6.53 billion MC. GNTX reached $23.83 during the last trading session after $0.62 change.Gentex Corporation has volume of 1.80 million shares. Since May 17, 2017 GNTX has risen 8.07% and is uptrending. GNTX underperformed by 3.48% the S&P 500.

Scharf Investments Llc has risen its stake in and also increased its holding in by shares in the quarter, for a total of shares.

Scharf Investments Llc is a California-based institutional investor with more than $2.69 billion AUM in January, 2015. Taken from Scharf Investments latest Adv, the fund reported to have 16 full and part-time employees. Among which 10 performing investment advisory and research functions. The institutional investor had more than 1300 clients.

Gentex Corporation (NASDAQ:GNTX) Ratings Coverage

In total 6 analysts cover Gentex (NASDAQ:GNTX). “Buy” rating has 2, “Sell” are 0, while 4 are “Hold”. 33% are bullish. 12 are the (NASDAQ:GNTX)’s analyst reports since January 2, 2018 according to StockzIntelligence Inc. On Tuesday, March 27 the rating was maintained by FBR Capital with “Buy”. The stock rating was maintained by FBR Capital with “Buy” on Tuesday, January 2. On Sunday, April 22 the stock of Gentex Corporation (NASDAQ:GNTX) earned “Hold” rating by Susquehanna. On Wednesday, March 14 the company was maintained by Susquehanna. On Monday, March 12 the firm has “Buy” rating given by FBR Capital. On Thursday, January 11 the stock of Gentex Corporation (NASDAQ:GNTX) earned “Buy” rating by FBR Capital. The company rating was maintained by FBR Capital on Thursday, February 22. On Tuesday, January 23 the firm has “Hold” rating given by Robert W. Baird. The stock rating was maintained by JP Morgan with “Neutral” on Tuesday, April 24. In Monday, January 29 report Craig Hallum maintained the stock with “Hold” rating.

Gentex Corporation designs, develops, makes, and markets automatic-dimming rearview mirrors and electronics for the automotive industry; dimmable aircraft windows for the aviation industry; and commercial smoke alarms and signaling devices for the fire protection industry worldwide.The firm is valued at $6.53 billion. It offers automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and interior and exterior non-automatic-dimming rearview mirrors with electronic features for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.The P/E ratio is 16.9. The firm also provides photoelectric smoke detectors and alarms, audible and visual signaling alarms, photoelectric smoke detectors and electrochemical carbon monoxide alarms, electrochemical carbon monoxide detectors and alarms, and bells and speakers for use in fire detection systems in office buildings, hotels, and other commercial and residential establishments.

Gentex Corporation (NASDAQ:GNTX) Institutional Investors Chart

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