AMH Equity Ltd Reduces Holdings in Thermon Group Holdings, Inc. (NYSE:THR)

AMH Equity Ltd lowered its position in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 40.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,000 shares of the technology company's stock after selling 44,000 shares during the quarter. Thermon Group makes up about 2.8% of AMH Equity Ltd's investment portfolio, making the stock its 9th largest holding. AMH Equity Ltd owned 0.20% of Thermon Group worth $1,838,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Thermon Group by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company's stock valued at $97,338,000 after buying an additional 16,112 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of 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 in the last quarter. Needham Investment Management LLC boosted its stake in shares of Thermon Group by 0.8% in the 4th quarter. Needham Investment Management LLC now owns 655,000 shares of the technology company's stock valued at $18,844,000 after purchasing an additional 5,000 shares in the last quarter. Medina Value Partners LLC acquired a new stake in shares of Thermon Group in the 4th quarter valued at approximately $17,747,000. Finally, Ameriprise Financial Inc. boosted its stake in shares of Thermon Group by 0.3% in the 4th quarter. Ameriprise Financial Inc. now owns 515,791 shares of the technology company's stock valued at $14,839,000 after purchasing an additional 1,726 shares in the last quarter. Institutional investors and hedge funds own 99.76% of the company's stock.

Analyst Ratings Changes

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

Thermon Group Trading Up 0.6%

Shares of Thermon Group stock traded up $0.16 on Tuesday, hitting $27.61. The stock had a trading volume of 95,036 shares, compared to its average volume of 170,555. The stock has a market cap of $917.82 million, a price-to-earnings ratio of 17.59 and a beta of 1.05. The stock's 50-day simple moving average is $27.85 and its two-hundred day simple moving average is $27.94. Thermon Group Holdings, Inc. has a one year low of $23.05 and a one year high of $33.80. The company has a quick ratio of 1.64, a current ratio of 2.43 and a debt-to-equity ratio of 0.24.

Thermon Group (NYSE:THR - Get Free Report) last issued its earnings results on Thursday, May 22nd. The technology company reported $0.56 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 for the quarter, compared to the consensus estimate of $133.65 million. During the same period last year, the business posted $0.34 EPS. The company's revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts predict that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

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.