Arrowstreet Capital Limited Partnership Trims Stock Position in Thermon Group Holdings, Inc. (NYSE:THR)

Arrowstreet Capital Limited Partnership lowered its holdings in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 35.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,051 shares of the technology company's stock after selling 18,379 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.10% of Thermon Group worth $980,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Lightrock Netherlands B.V. bought a new position in shares of Thermon Group in the fourth quarter worth approximately $4,995,000. 272 Capital LP bought a new position in shares of Thermon Group in the 3rd quarter worth $3,173,000. First Eagle Investment Management LLC raised its position in shares of Thermon Group by 16.7% during the 4th quarter. First Eagle Investment Management LLC now owns 319,411 shares of the technology company's stock valued at $9,189,000 after buying an additional 45,800 shares in the last quarter. Barclays PLC lifted its holdings in shares of Thermon Group by 312.1% during the 3rd quarter. Barclays PLC now owns 54,149 shares of the technology company's stock worth $1,616,000 after acquiring an additional 41,009 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its holdings in shares of Thermon Group by 76.6% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 68,201 shares of the technology company's stock worth $1,962,000 after acquiring an additional 29,575 shares during the last quarter. 99.76% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

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

Thermon Group Price Performance

NYSE THR traded up $0.12 on Tuesday, reaching $25.02. 94,332 shares of the company's stock traded hands, compared to its average volume of 170,288. The stock has a market cap of $842.76 million, a PE ratio of 18.39 and a beta of 0.96. Thermon Group Holdings, Inc. has a 12 month low of $23.05 and a 12 month high of $35.93. The stock has a 50-day simple moving average of $28.24 and a 200 day simple moving average of $28.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.56 and a quick ratio of 1.71.

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%. As a group, research analysts predict that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

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.