Thermon Group Holdings, Inc. (THR) Shares Sold by Pax World Management LLC

Pax World Management LLC reduced its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 638,950 shares of the technology company’s stock after selling 2,282 shares during the period. Pax World Management LLC owned about 1.97% of Thermon Group Holdings worth $12,249,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the stock. Granite Investment Partners LLC raised its stake in shares of Thermon Group Holdings by 1.6% in the first quarter. Granite Investment Partners LLC now owns 52,136 shares of the technology company’s stock worth $1,087,000 after buying an additional 812 shares during the period. Victory Capital Management Inc. raised its stake 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 worth $140,000 after buying an additional 1,647 shares during the period. Citadel Advisors LLC raised its stake in shares of Thermon Group Holdings by 86.6% in the first quarter. Citadel Advisors LLC now owns 40,909 shares of the technology company’s stock worth $853,000 after buying an additional 18,989 shares during the period. Rutabaga Capital Management LLC MA raised its stake in shares of Thermon Group Holdings by 38.6% in the first quarter. Rutabaga Capital Management LLC MA now owns 507,816 shares of the technology company’s stock worth $10,583,000 after buying an additional 141,302 shares during the period. Finally, Van Berkom & Associates Inc. raised its stake in shares of Thermon Group Holdings by 0.4% in the second quarter. Van Berkom & Associates Inc. now owns 2,332,101 shares of the technology company’s stock worth $44,706,000 after buying an additional 8,860 shares during the period.

Shares of Thermon Group Holdings, Inc. (NYSE THR) opened at 16.25 on Tuesday. Thermon Group Holdings, Inc. has a 1-year low of $15.74 and a 1-year high of $21.48. The stock has a 50 day moving average of $17.92 and a 200 day moving average of $19.38. The company has a market cap of $526.53 million, a price-to-earnings ratio of 42.88 and a beta of 0.98.

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

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THR has been the subject of a number of recent research reports. BMO Capital Markets decreased their price target on shares of Thermon Group Holdings from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, August 3rd. BidaskClub lowered shares of Thermon Group Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research lowered shares of Thermon Group Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. ValuEngine upgraded shares of Thermon Group Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Wolfe Research initiated coverage on shares of Thermon Group Holdings in a research note on Tuesday, July 11th. They set a “market perform” rating for the company. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $21.50.

Thermon Group Holdings Company Profile

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

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