Thermon Group Holdings, Inc. (NYSE:THR) Stock Holdings Lowered by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. trimmed its position in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 55.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,601 shares of the technology company's stock after selling 13,434 shares during the period. Balyasny Asset Management L.P.'s holdings in Thermon Group were worth $305,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its stake in Thermon Group by 2.1% during the 3rd quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company's stock valued at $595,000 after purchasing an additional 422 shares during the period. D.A. Davidson & CO. boosted its stake in Thermon Group by 2.1% during the 4th quarter. D.A. Davidson & CO. now owns 29,908 shares of the technology company's stock valued at $860,000 after purchasing an additional 626 shares during the period. Quarry LP boosted its stake in Thermon Group by 314.1% during the 4th quarter. Quarry LP now owns 853 shares of the technology company's stock valued at $25,000 after purchasing an additional 647 shares during the period. Riverpoint Wealth Management Holdings LLC lifted its stake in shares of Thermon Group by 1.7% in the 4th quarter. Riverpoint Wealth Management Holdings LLC now owns 47,862 shares of the technology company's stock worth $1,377,000 after acquiring an additional 805 shares during the period. Finally, American Century Companies Inc. lifted its stake 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 acquiring an additional 857 shares during the period. 99.76% of the stock is owned by institutional investors and hedge funds.

Thermon Group Price Performance

Shares of NYSE:THR traded down $2.36 during trading on Friday, reaching $26.51. The company had a trading volume of 378,729 shares, compared to its average volume of 169,667. The firm's fifty day moving average is $27.28 and its 200 day moving average is $28.77. The firm has a market capitalization of $893.22 million, a PE ratio of 19.49 and a beta of 1.07. Thermon Group Holdings, Inc. has a twelve month low of $23.05 and a twelve month high of $35.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56.

Thermon Group (NYSE:THR - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The technology company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.06. The company had revenue of $134.08 million during the quarter, compared to analyst estimates of $133.65 million. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.34 EPS. On average, equities analysts forecast that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of 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.