Susquehanna International Group LLP reduced its position in Thermon Group Holdings, Inc. (NYSE:THR) by 42.1% during the third quarter, Holdings Channel reports. The fund owned 28,660 shares of the company’s stock after selling 20,838 shares during the period. Susquehanna International Group LLP owned about 0.09% of Thermon Group Holdings worth $566,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Victory Capital Management Inc. acquired a new position in Thermon Group Holdings during the third quarter worth about $103,000. Nisa Investment Advisors LLC increased its position in Thermon Group Holdings by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the company’s stock worth $117,000 after buying an additional 500 shares during the last quarter. BlackRock Inc. increased its position in Thermon Group Holdings by 224.0% in the second quarter. BlackRock Inc. now owns 8,518 shares of the company’s stock worth $164,000 after buying an additional 5,889 shares during the last quarter. CHICAGO TRUST Co NA increased its position in Thermon Group Holdings by 4.4% in the third quarter. CHICAGO TRUST Co NA now owns 10,798 shares of the company’s stock worth $213,000 after buying an additional 453 shares during the last quarter. Finally, TD Asset Management Inc. increased its position in Thermon Group Holdings by 20.6% in the third quarter. TD Asset Management Inc. now owns 12,300 shares of the company’s stock worth $243,000 after buying an additional 2,100 shares during the last quarter.

Institutional Ownership by Quarter for Thermon Group Holdings (NYSE:THR)

Shares of Thermon Group Holdings, Inc. (NYSE:THR) traded up 1.66% during mid-day trading on Friday, reaching $18.97. 61,321 shares of the company traded hands. The stock has a market capitalization of $613.22 million, a PE ratio of 34.49 and a beta of 1.06. The stock’s 50 day moving average is $19.66 and its 200 day moving average is $19.48. Thermon Group Holdings, Inc. has a 52-week low of $13.97 and a 52-week high of $21.87.

Thermon Group Holdings (NYSE:THR) last posted its earnings results on Wednesday, November 2nd. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.04. Thermon Group Holdings had a return on equity of 6.80% and a net margin of 6.35%. The firm earned $68.80 million during the quarter, compared to the consensus estimate of $68.07 million. During the same period in the previous year, the company posted $0.26 EPS. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, analysts anticipate that Thermon Group Holdings, Inc. will post $0.46 earnings per share for the current year.

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Separately, Zacks Investment Research upgraded shares of Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, January 5th.

Thermon Group Holdings Company Profile

5 Day Chart for NYSE:THR

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