Marcato Capital Management LP Lifted Stake in Deckers Outdoor (DECK) by $60.00 Million as Market Valuation Rose; Gentex (GNTX) Holder American Research & Management Has Trimmed Position as Share Value Rose

April 19, 2018 - By Louis Casey

Deckers Outdoor Corporation (NYSE:DECK) Logo

American Research & Management decreased its stake in Gentex Corp (GNTX) by 83.94% based on its latest 2017Q4 regulatory filing with the SEC. American Research & Management sold 23,000 shares as the company’s stock rose 8.38% while stock markets declined. The institutional investor held 4,400 shares of the o.e.m. company at the end of 2017Q4, valued at $92,000, down from 27,400 at the end of the previous reported quarter. American Research & Management who had been investing in Gentex Corp for a number of months, seems to be less bullish one the $6.61B market cap company. The stock decreased 0.37% or $0.09 during the last trading session, reaching $24.17. About 2.05 million shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 8.07% since April 19, 2017 and is uptrending. It has underperformed by 3.48% the S&P500.

Richard Mcguire increased its stake in Deckers Outdoor Corp (DECK) by 38.41% based on its latest 2017Q4 regulatory filing with the SEC. Marcato Capital Management Lp bought 750,000 shares as the company’s stock rose 15.18% while stock markets declined. The hedge fund run by Richard Mcguire held 2.70M shares of the shoe manufacturing company at the end of 2017Q4, valued at $216.88M, up from 1.95M at the end of the previous reported quarter. Marcato Capital Management Lp who had been investing in Deckers Outdoor Corp for a number of months, seems to be bullish on the $2.99B market cap company. The stock decreased 0.72% or $0.68 during the last trading session, reaching $93.99. About 755,866 shares traded. Deckers Outdoor Corporation (NYSE:DECK) has risen 61.55% since April 19, 2017 and is uptrending. It has outperformed by 50.00% the S&P500.

Among 24 analysts covering Deckers Outdoor (NYSE:DECK), 6 have Buy rating, 3 Sell and 15 Hold. Therefore 25% are positive. Deckers Outdoor had 90 analyst reports since July 31, 2015 according to SRatingsIntel. Jefferies maintained the shares of DECK in report on Friday, September 1 with “Buy” rating. The stock of Deckers Outdoor Corporation (NYSE:DECK) has “Neutral” rating given on Wednesday, April 12 by Wedbush. The rating was maintained by Canaccord Genuity with “Buy” on Friday, May 27. Stifel Nicolaus upgraded the shares of DECK in report on Friday, November 11 to “Buy” rating. Buckingham Research maintained the stock with “Neutral” rating in Friday, October 27 report. Stifel Nicolaus maintained it with “Buy” rating and $7400 target in Friday, May 26 report. The rating was maintained by Canaccord Genuity on Friday, February 2 with “Buy”. The stock of Deckers Outdoor Corporation (NYSE:DECK) has “Buy” rating given on Friday, February 3 by Canaccord Genuity. The firm has “Hold” rating by Wedbush given on Thursday, January 25. Citigroup maintained Deckers Outdoor Corporation (NYSE:DECK) on Friday, July 29 with “Neutral” rating.

Investors sentiment decreased to 1.2 in 2017 Q4. Its down 0.13, from 1.33 in 2017Q3. It turned negative, as 24 investors sold DECK shares while 76 reduced holdings. 47 funds opened positions while 73 raised stakes. 33.56 million shares or 5.60% more from 31.78 million shares in 2017Q3 were reported. State Common Retirement Fund owns 34,900 shares. Lazard Asset Limited Liability Corp invested 0.01% in Deckers Outdoor Corporation (NYSE:DECK). Los Angeles Management And Equity Rech has invested 0.01% of its portfolio in Deckers Outdoor Corporation (NYSE:DECK). Bnp Paribas Arbitrage Sa has invested 0% in Deckers Outdoor Corporation (NYSE:DECK). Manufacturers Life Insur Company The stated it has 75,734 shares or 0.01% of all its holdings. Hutchin Hill Cap LP owns 2,800 shares. Century has invested 0.06% in Deckers Outdoor Corporation (NYSE:DECK). Smith Asset Mgmt Group LP stated it has 45,310 shares. Eagle Asset Mngmt reported 154,958 shares or 0.07% of all its holdings. Old Mutual Investors (Uk) Limited stated it has 99,794 shares or 0.07% of all its holdings. The Montana-based First Interstate State Bank has invested 0.02% in Deckers Outdoor Corporation (NYSE:DECK). Fuller & Thaler Asset Mgmt stated it has 0.14% of its portfolio in Deckers Outdoor Corporation (NYSE:DECK). Credit Suisse Ag reported 0% of its portfolio in Deckers Outdoor Corporation (NYSE:DECK). Thrivent Finance For Lutherans invested 0% in Deckers Outdoor Corporation (NYSE:DECK). Tower Rech Capital Llc (Trc) holds 0.02% or 1,486 shares.

Since February 2, 2018, it had 0 insider purchases, and 8 selling transactions for $3.78 million activity. Shares for $101,448 were sold by Barsa Karyn Odette on Tuesday, February 6. $712,289 worth of Deckers Outdoor Corporation (NYSE:DECK) was sold by GEORGE THOMAS on Tuesday, February 6. 2,500 shares valued at $238,778 were sold by Powers David on Wednesday, February 7. PERENCHIO JOHN G sold $2.32 million worth of stock. On Tuesday, February 6 the insider O’Donnell Andrea sold $208,456.

Analysts await Gentex Corporation (NASDAQ:GNTX) to report earnings on April, 20 before the open. They expect $0.40 EPS, up 21.21% or $0.07 from last year’s $0.33 per share. GNTX’s profit will be $109.44 million for 15.11 P/E if the $0.40 EPS becomes a reality. After $0.33 actual EPS reported by Gentex Corporation for the previous quarter, Wall Street now forecasts 21.21% EPS growth.

American Research & Management, which manages about $343.97M and $324.00M US Long portfolio, upped its stake in Synovus Financial 7.875 Pfd by 16,900 shares to 22,600 shares, valued at $591,000 in 2017Q4, according to the filing. It also increased its holding in S&P 500 Etf (SPY) by 3,608 shares in the quarter, for a total of 3,668 shares, and has risen its stake in Coca Cola Company (NYSE:KO).

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.36, from 1.24 in 2017Q3. It worsened, 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. Zwj Counsel reported 12,100 shares or 0.02% of all its holdings. Tiaa Cref Lc invested 0.01% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Smith Graham And Invest Advsrs Lp has invested 0.58% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Utah Retirement invested 0.02% of its portfolio in Gentex Corporation (NASDAQ:GNTX). Geode Cap Management Ltd Liability invested in 0.02% or 3.42 million shares. Earnest Partners Ltd Limited Liability Company holds 0% or 132 shares. Moreover, Palo Capital Inc has 1.68% invested in Gentex Corporation (NASDAQ:GNTX). Glenmede Tru Co Na owns 13,451 shares. Northwestern Mutual Wealth Com stated it has 6,430 shares or 0% of all its holdings. State Treasurer State Of Michigan holds 0.02% of its portfolio in Gentex Corporation (NASDAQ:GNTX) for 102,000 shares. Motley Fool Asset Mgmt Lc invested in 500,000 shares. Manufacturers Life Commerce The reported 0.01% in Gentex Corporation (NASDAQ:GNTX). Bahl Gaynor holds 392,721 shares. Rk Asset Mgmt Limited Co invested in 2.28% or 128,870 shares. Natl Bank Of Ny Mellon Corp invested in 0.02% or 4.14M shares.

Among 7 analysts covering Gentex Corp (NASDAQ:GNTX), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Gentex Corp had 23 analyst reports since October 20, 2015 according to SRatingsIntel. Robert W. Baird maintained the shares of GNTX in report on Friday, October 20 with “Buy” rating. The company was maintained on Thursday, January 11 by FBR Capital. FBR Capital maintained the shares of GNTX in report on Wednesday, July 19 with “Buy” rating. The firm has “Hold” rating given on Wednesday, March 14 by Susquehanna. The rating was maintained by FBR Capital with “Buy” on Tuesday, March 27. KeyBanc Capital Markets maintained it with “Buy” rating and $25.0 target in Wednesday, August 23 report. The firm has “Hold” rating given on Tuesday, January 23 by Robert W. Baird. As per Monday, October 23, the company rating was maintained by Robert W. Baird. The firm has “Outperform” rating given on Thursday, August 24 by Robert W. Baird. Robert W. Baird downgraded the shares of GNTX in report on Wednesday, January 27 to “Neutral” rating.

Gentex Corporation (NASDAQ:GNTX) Institutional Positions Chart

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