New York State Common Retirement Fund reduced its position in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 0.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,800 shares of the technology company’s stock after selling 1 shares during the period. New York State Common Retirement Fund owned about 0.11% of Thermon Group Holdings worth $686,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Thermon Group Holdings during the first quarter worth $109,000. Victory Capital Management Inc. boosted its position in shares of Thermon Group Holdings by 17.6% during the second quarter. Victory Capital Management Inc. now owns 7,904 shares of the technology company’s stock worth $152,000 after buying an additional 1,185 shares during the period. Legal & General Group Plc boosted its position in shares of Thermon Group Holdings by 4.1% during the second quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock worth $155,000 after buying an additional 320 shares during the period. UBS Asset Management Americas Inc. purchased a new position in shares of Thermon Group Holdings during the first quarter worth $215,000. Finally, Trexquant Investment LP purchased a new position in shares of Thermon Group Holdings during the second quarter worth $291,000.

TRADEMARK VIOLATION WARNING: This piece was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://www.watchlistnews.com/thermon-group-holdings-inc-thr-shares-sold-by-new-york-state-common-retirement-fund/1689516.html.

Thermon Group Holdings, Inc. (NYSE THR) opened at $20.91 on Thursday. The stock has a market capitalization of $680.91, a price-to-earnings ratio of 49.98 and a beta of 1.04. Thermon Group Holdings, Inc. has a fifty-two week low of $15.74 and a fifty-two week high of $22.36. The company has a quick ratio of 2.95, a current ratio of 3.73 and a debt-to-equity ratio of 0.15.

Thermon Group Holdings (NYSE:THR) last released its earnings results on Monday, October 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. The firm had revenue of $61.63 million during the quarter, compared to analyst estimates of $61.64 million. Thermon Group Holdings had a return on equity of 4.39% and a net margin of 5.65%. Thermon Group Holdings’s revenue was down 10.4% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. research analysts anticipate that Thermon Group Holdings, Inc. will post 0.49 EPS for the current year.

Several research firms have recently commented on THR. ValuEngine upgraded Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. BMO Capital Markets lowered their price target on Thermon Group Holdings from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, August 3rd. Wolfe Research lowered Thermon Group Holdings from a “market perform” rating to an “underperform” rating in a research report on Friday, August 18th. Zacks Investment Research lowered Thermon Group Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, TheStreet upgraded Thermon Group Holdings from a “c” rating to a “b-” rating in a research report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Thermon Group Holdings currently has an average rating of “Hold” and a consensus price target of $23.50.

Thermon Group Holdings Company Profile

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

Receive News & Ratings for Thermon Group Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thermon Group Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.