Thermon Group Holdings, Inc. (NYSE:THR) Shares Sold by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership reduced its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 35.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,051 shares of the technology company’s stock after selling 18,379 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Thermon Group were worth $980,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Cornercap Investment Counsel Inc. purchased a new position in shares of Thermon Group during the fourth quarter worth approximately $220,000. Norges Bank acquired a new stake in Thermon Group during the 4th quarter worth $230,000. Blair William & Co. IL increased its stake in Thermon Group by 3.8% in the fourth quarter. Blair William & Co. IL now owns 198,429 shares of the technology company’s stock valued at $5,709,000 after purchasing an additional 7,328 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Thermon Group in the fourth quarter valued at about $554,000. Finally, Vanguard Group Inc. raised its holdings in shares of Thermon Group by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company’s stock valued at $97,338,000 after buying an additional 16,112 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Analyst Upgrades and Downgrades

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

Thermon Group Stock Up 2.0 %

Shares of Thermon Group stock opened at $24.91 on Friday. Thermon Group Holdings, Inc. has a one year low of $23.05 and a one year high of $35.93. The company has a market cap of $839.22 million, a P/E ratio of 18.32 and a beta of 0.96. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56. The firm has a fifty day moving average of $28.28 and a two-hundred day moving average of $28.94.

Thermon Group (NYSE:THR) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, beating 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%. On average, analysts forecast that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Thermon Group Company 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.