Premier Fund Managers Ltd Sells 12,318 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Premier Fund Managers Ltd trimmed its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 80.6% in the 4th quarter, HoldingsChannel reports. The fund owned 2,965 shares of the technology company’s stock after selling 12,318 shares during the quarter. Premier Fund Managers Ltd’s holdings in Thermon Group were worth $85,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in THR. Franklin Resources Inc. raised its stake in shares of Thermon Group by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company’s stock worth $595,000 after acquiring an additional 422 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Thermon Group by 1.8% during the third quarter. D.A. Davidson & CO. now owns 29,282 shares of the technology company’s stock worth $874,000 after purchasing an additional 506 shares in the last quarter. Riverpoint Wealth Management Holdings LLC lifted its holdings in shares of Thermon Group by 1.7% during the 4th quarter. Riverpoint Wealth Management Holdings LLC now owns 47,862 shares of the technology company’s stock valued at $1,377,000 after purchasing an additional 805 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Thermon Group by 1.7% in the 4th quarter. American Century Companies Inc. now owns 49,926 shares of the technology company’s stock worth $1,436,000 after purchasing an additional 857 shares in the last quarter. Finally, Assetmark Inc. purchased a new position in Thermon Group during the 4th quarter worth $26,000. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Trading Down 1.8 %

NYSE THR opened at $28.42 on Friday. Thermon Group Holdings, Inc. has a 12-month low of $25.76 and a 12-month high of $35.93. The company has a fifty day simple moving average of $29.00 and a two-hundred day simple moving average of $29.23. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28. The stock has a market cap of $957.44 million, a P/E ratio of 20.90 and a beta of 0.98.

Thermon Group (NYSE:THR) last issued its earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. On average, analysts forecast that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Analyst Ratings Changes

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

Thermon Group 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.