Russell Investments Group Ltd. Sells 15,113 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Russell Investments Group Ltd. cut its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,411 shares of the technology company's stock after selling 15,113 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.36% of Thermon Group worth $3,493,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Assetmark Inc. bought a new stake in Thermon Group during the fourth quarter worth $26,000. Venturi Wealth Management LLC acquired a new position in shares of Thermon Group in the fourth quarter valued at $47,000. AlphaQuest LLC raised its position in shares of Thermon Group by 57,825.0% in the fourth 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 period. PNC Financial Services Group Inc. increased its holdings in shares of Thermon Group by 4,731.3% during the fourth 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 shares of Thermon Group in the fourth quarter valued at approximately $172,000. 99.76% of the stock is owned by institutional investors.

Thermon Group Price Performance

Shares of NYSE:THR traded up $0.96 during midday trading on Tuesday, hitting $25.04. The stock had a trading volume of 132,618 shares, compared to its average volume of 170,002. The company's 50-day moving average price is $27.77 and its 200-day moving average price is $28.72. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $35.93. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $843.73 million, a P/E ratio of 18.41 and a beta of 0.96.

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

Analysts Set New Price Targets

Separately, StockNews.com cut Thermon Group from a "strong-buy" rating to a "buy" rating in a report 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.