Scharf Investments LLC Increases Stake in Gentex Corp (GNTX)

July 17, 2017 - By Migdalia James

Investors sentiment decreased to 0.77 in 2016 Q4. Its down 0.08, from 0.85 in 2016Q3. It dropped, as 37 investors sold GNTX shares while 145 reduced holdings. 27 funds opened positions while 114 raised stakes. 234.11 million shares or 1.78% less from 238.35 million shares in 2016Q3 were reported. Baltimore holds 305,605 shares or 0.38% of its portfolio. The Arkansas-based Stephens Inc Ar has invested 0.01% in Gentex Corporation (NASDAQ:GNTX). Barclays Public Limited Com holds 32,606 shares. Qs Limited Company reported 0.04% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Federated Investors Pa owns 0.01% invested in Gentex Corporation (NASDAQ:GNTX) for 160,234 shares. Tower Limited Company (Trc) accumulated 4,646 shares. King Luther Mgmt Corporation has 928,395 shares for 0.17% of their portfolio. Savings Bank Of Nova Scotia invested in 38,581 shares or 0% of the stock. Henderson Grp Inc Inc Public Limited Company invested in 15,416 shares. Moreover, Credit Agricole S A has 0.01% invested in Gentex Corporation (NASDAQ:GNTX). Bell State Bank holds 17,759 shares. One Trading Limited Partnership holds 7,131 shares. Bb&T Secs Ltd Liability Co, Virginia-based fund reported 57,028 shares. Systematic Fincl Mngmt Limited Partnership reported 0.11% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Parkside National Bank has 6,006 shares for 0.05% of their portfolio.

Since January 30, 2017, it had 0 buys, and 5 sales for $962,163 activity. Shares for $251,162 were sold by SOTOK FREDERICK A. MULDER JOHN A sold 10,000 shares worth $212,765. Shares for $94,970 were sold by Nash Kevin C on Monday, January 30. On Tuesday, January 31 the insider Downing Steven R sold $211,111.

Scharf Investments Llc increased its stake in Gentex Corp (GNTX) by 16.75% based on its latest 2016Q4 regulatory filing with the SEC. Scharf Investments Llc bought 1.02 million shares as the company’s stock declined 8.68% while stock markets rallied. The institutional investor held 7.14 million shares of the o.e.m. company at the end of 2016Q4, valued at $140.66 million, up from 6.12M at the end of the previous reported quarter. Scharf Investments Llc who had been investing in Gentex Corp for a number of months, seems to be bullish on the $5.51B market cap company. The stock rose 0.43% or $0.08 reaching $18.67 per share. About 1.42M shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 19.63% since July 17, 2016 and is uptrending. It has outperformed by 2.93% the S&P500.

Scharf Investments Llc, which manages about $2.69B and $4.31B US Long portfolio, decreased its stake in American Intl Group Inc (NYSE:AIG) by 230,486 shares to 3.23M shares, valued at $211.22 million in 2016Q4, according to the filing. It also reduced its holding in Nielsen Hldgs Plc by 117,620 shares in the quarter, leaving it with 3.80M shares, and cut its stake in Willis Towers Watson Pub Ltd.

More important recent Gentex Corporation (NASDAQ:GNTX) news were published by: Benzinga.com which released: “Gentex A Strong Sell With 40-80% Downside Potential Near Term, Says Spruce Point” on July 13, 2017, also Nasdaq.com published article titled: “Gentex Corporation (GNTX) Ex-Dividend Date Scheduled for July 03, 2017”, Seekingalpha.com published: “Business Under Pressure And Aggressive Accounting Suggests Gentex Has 40%-80 …” on July 14, 2017. More interesting news about Gentex Corporation (NASDAQ:GNTX) was released by: Seekingalpha.com and their article: “Gentex: Buy And Hold Forever” with publication date: June 27, 2017.

Gentex Corporation (NASDAQ:GNTX) Ratings Coverage

Among 4 analysts covering Gentex Corp (NASDAQ:GNTX), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Gentex Corp had 6 analyst reports since October 20, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, October 21 by FBR Capital. The rating was downgraded by Robert W. Baird to “Neutral” on Wednesday, January 27. The company was initiated on Monday, December 19 by Susquehanna.

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