Jane Street Group LLC Decreases Position in Thermon Group Holdings, Inc. (NYSE:THR)

Jane Street Group LLC lowered its holdings in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 35.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,332 shares of the technology company's stock after selling 17,126 shares during the quarter. Jane Street Group LLC owned about 0.09% of Thermon Group worth $901,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of THR. D.A. Davidson & CO. boosted its position in Thermon Group by 2.1% during the fourth quarter. D.A. Davidson & CO. now owns 29,908 shares of the technology company's stock valued at $860,000 after buying an additional 626 shares during the period. Quarry LP lifted its position in Thermon Group by 314.1% in the 4th quarter. Quarry LP now owns 853 shares of the technology company's stock valued at $25,000 after acquiring an additional 647 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 buying an additional 805 shares during the period. American Century Companies Inc. raised its holdings in 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 during the period. Finally, Assetmark Inc. bought a new position in Thermon Group in the 4th quarter worth $26,000. 99.76% of the stock is owned by hedge funds and other institutional investors.

Thermon Group Price Performance

Shares of THR stock traded up $0.78 during trading hours on Thursday, hitting $26.54. The stock had a trading volume of 265,795 shares, compared to its average volume of 169,631. Thermon Group Holdings, Inc. has a one year low of $23.05 and a one year high of $35.42. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.56 and a quick ratio of 1.71. The stock's 50-day moving average price is $27.01 and its two-hundred day moving average price is $28.70. The stock has a market capitalization of $893.96 million, a price-to-earnings ratio of 19.51 and a beta of 1.07.

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

Analyst Ratings Changes

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

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.