Integrated Quantitative Investments LLC Makes New Investment in Thermon Group Holdings, Inc. (NYSE:THR)

Integrated Quantitative Investments LLC bought a new position in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 12,100 shares of the technology company's stock, valued at approximately $348,000.

Several other large investors have also recently modified their holdings of the stock. Assetmark Inc. purchased a new position in Thermon Group during the fourth quarter worth $26,000. Venturi Wealth Management LLC bought a new stake in shares of Thermon Group in the 4th quarter worth about $47,000. AlphaQuest LLC grew its holdings in Thermon Group by 57,825.0% during the 4th quarter. AlphaQuest LLC now owns 2,317 shares of the technology company's stock valued at $67,000 after purchasing an additional 2,313 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Thermon Group by 4,731.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company's stock worth $111,000 after purchasing an additional 3,785 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Thermon Group in the fourth quarter worth about $172,000. Institutional investors own 99.76% of the company's stock.

Thermon Group Trading Down 3.6 %

Shares of NYSE THR traded down $0.92 during mid-day trading on Thursday, reaching $24.48. The company had a trading volume of 42,772 shares, compared to its average volume of 196,984. The stock has a market cap of $824.76 million, a price-to-earnings ratio of 18.00 and a beta of 0.96. Thermon Group Holdings, Inc. has a 52 week low of $23.05 and a 52 week high of $35.93. The business's 50-day moving average is $28.38 and its 200-day moving average is $29.00. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28.

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Thermon Group (NYSE:THR - Get Free Report) last issued its earnings results on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. Equities analysts expect that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Thermon Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th.

Thermon Group Profile

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.