AMH Equity Ltd Trims Stock Position in Thermon Group Holdings, Inc. (NYSE:THR)

AMH Equity Ltd reduced its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 40.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 66,000 shares of the technology company's stock after selling 44,000 shares during the period. Thermon Group makes up about 2.8% of AMH Equity Ltd's holdings, making the stock its 9th largest position. AMH Equity Ltd owned about 0.20% of Thermon Group worth $1,838,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Medina Value Partners LLC acquired a new position in Thermon Group in the 4th quarter valued at about $17,747,000. Kennedy Capital Management LLC raised its stake in Thermon Group by 55.6% in the 4th quarter. Kennedy Capital Management LLC now owns 333,640 shares of the technology company's stock valued at $9,599,000 after purchasing an additional 119,277 shares during the last quarter. Lightrock Netherlands B.V. raised its stake in Thermon Group by 42.8% in the 1st quarter. Lightrock Netherlands B.V. now owns 246,725 shares of the technology company's stock valued at $6,883,000 after purchasing an additional 73,948 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Thermon Group by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,757,889 shares of the technology company's stock valued at $50,574,000 after purchasing an additional 44,137 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Thermon Group by 127.9% in the 4th quarter. Bank of America Corp DE now owns 73,363 shares of the technology company's stock valued at $2,111,000 after purchasing an additional 41,178 shares during the last quarter. 99.76% of the stock is currently owned by hedge funds and other institutional investors.

Thermon Group Stock Down 1.4%

NYSE THR traded down $0.40 during trading on Friday, reaching $27.70. 120,948 shares of the company's stock were exchanged, compared to its average volume of 171,074. The company has a current ratio of 2.43, a quick ratio of 1.64 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $920.75 million, a PE ratio of 17.64 and a beta of 1.05. The company's fifty day simple moving average is $27.96 and its 200-day simple moving average is $27.96. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $33.80.

Thermon Group (NYSE:THR - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.06. Thermon Group had a return on equity of 13.08% and a net margin of 10.74%. The business had revenue of $134.08 million during the quarter, compared to analyst estimates of $133.65 million. During the same period in the previous year, the company earned $0.34 EPS. The firm's revenue was up 5.0% on a year-over-year basis. Sell-side analysts predict that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Thermon Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th.

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.