Integrated Quantitative Investments LLC Acquires Shares of 12,100 Thermon Group Holdings, Inc. (NYSE:THR)

Integrated Quantitative Investments LLC acquired a new position in shares of Thermon Group Holdings, Inc. (NYSE:THR) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,100 shares of the technology company’s stock, valued at approximately $348,000.

A number of other institutional investors also recently made changes to their positions in THR. Assetmark Inc. acquired a new stake in shares of Thermon Group during the fourth quarter worth approximately $26,000. Venturi Wealth Management LLC acquired a new position in Thermon Group during the 4th quarter worth $47,000. AlphaQuest LLC grew its holdings in Thermon Group by 57,825.0% during the 4th quarter. AlphaQuest LLC now owns 2,317 shares of the technology company’s stock worth $67,000 after acquiring an additional 2,313 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Thermon Group by 4,731.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company’s stock worth $111,000 after purchasing an additional 3,785 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Thermon Group in the 4th quarter valued at about $172,000. 99.76% of the stock is owned by institutional investors and hedge funds.

Thermon Group Stock Performance

Thermon Group stock opened at $25.10 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.56 and a quick ratio of 1.71. Thermon Group Holdings, Inc. has a 12 month low of $24.10 and a 12 month high of $35.93. The company has a fifty day moving average price of $28.76 and a two-hundred day moving average price of $29.19. The company has a market cap of $845.62 million, a PE ratio of 18.46 and a beta of 0.98.

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

Wall Street Analyst Weigh In

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

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.