UBS Group AG lowered its position in Thermon Group Holdings, Inc. (NYSE:THR) by 21.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,884 shares of the technology company’s stock after selling 1,296 shares during the period. UBS Group AG’s holdings in Thermon Group Holdings were worth $102,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Thermon Group Holdings during the first quarter valued at about $109,000. Victory Capital Management Inc. boosted its position in shares of Thermon Group Holdings by 32.5% in the first quarter. Victory Capital Management Inc. now owns 6,719 shares of the technology company’s stock valued at $140,000 after buying an additional 1,647 shares during the period. UBS Asset Management Americas Inc. bought a new position in shares of Thermon Group Holdings during the first quarter valued at about $215,000. Wrapmanager Inc. bought a new position in shares of Thermon Group Holdings during the first quarter valued at about $223,000. Finally, OLD National Bancorp IN boosted its position in shares of Thermon Group Holdings by 7.8% in the first quarter. OLD National Bancorp IN now owns 15,523 shares of the technology company’s stock valued at $323,000 after buying an additional 1,119 shares during the period.

Shares of Thermon Group Holdings, Inc. (NYSE THR) traded down 0.4749% during midday trading on Tuesday, reaching $17.0188. The company’s stock had a trading volume of 5,968 shares. The company has a market capitalization of $551.44 million, a P/E ratio of 44.9045 and a beta of 0.98. Thermon Group Holdings, Inc. has a 1-year low of $16.17 and a 1-year high of $21.48. The stock has a 50 day moving average of $18.25 and a 200-day moving average of $19.53.

Thermon Group Holdings (NYSE:THR) last announced its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by $0.04. Thermon Group Holdings had a net margin of 4.99% and a return on equity of 3.88%. The firm had revenue of $51.70 million during the quarter, compared to analyst estimates of $58.35 million. During the same quarter in the previous year, the business posted $0.08 EPS. Thermon Group Holdings’s revenue for the quarter was down 18.5% compared to the same quarter last year. On average, equities research analysts anticipate that Thermon Group Holdings, Inc. will post $0.43 earnings per share for the current year.

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Several equities analysts recently issued reports on the company. Zacks Investment Research cut Thermon Group Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. ValuEngine upgraded Thermon Group Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. BMO Capital Markets dropped their price target on Thermon Group Holdings from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, August 3rd. BidaskClub cut Thermon Group Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Wolfe Research assumed coverage on Thermon Group Holdings in a research report on Tuesday, July 11th. They issued a “market perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $21.50.

About Thermon Group Holdings

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

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