Premier Fund Managers Ltd Has $85,000 Stake in Thermon Group Holdings, Inc. (NYSE:THR)

Premier Fund Managers Ltd decreased its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 80.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,965 shares of the technology company's stock after selling 12,318 shares during the period. Premier Fund Managers Ltd's holdings in Thermon Group were worth $85,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Franklin Resources Inc. boosted its position in Thermon Group by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company's stock worth $595,000 after acquiring an additional 422 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Thermon Group by 1.8% in the third quarter. D.A. Davidson & CO. now owns 29,282 shares of the technology company's stock worth $874,000 after purchasing an additional 506 shares in the last quarter. Riverpoint Wealth Management Holdings LLC boosted its holdings in Thermon Group by 1.7% during the fourth quarter. Riverpoint Wealth Management Holdings LLC now owns 47,862 shares of the technology company's stock worth $1,377,000 after purchasing an additional 805 shares during the last quarter. American Century Companies Inc. grew its position in Thermon Group by 1.7% in the fourth quarter. American Century Companies Inc. now owns 49,926 shares of the technology company's stock valued at $1,436,000 after purchasing an additional 857 shares in the last quarter. Finally, Assetmark Inc. acquired a new stake in Thermon Group in the 4th quarter valued at $26,000. Institutional investors own 99.76% of the company's stock.

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Thermon Group Stock Up 0.9 %

Shares of Thermon Group stock traded up $0.25 on Wednesday, reaching $28.39. 56,805 shares of the company were exchanged, compared to its average volume of 191,643. The company has a market capitalization of $956.46 million, a price-to-earnings ratio of 20.88 and a beta of 0.98. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28. Thermon Group Holdings, Inc. has a one year low of $25.76 and a one year high of $35.93. The company has a 50-day moving average of $28.94 and a 200 day moving average of $29.25.

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

Wall Street Analyst Weigh In

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

About Thermon Group

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.