Two Sigma Advisers LP Has $897,000 Stock Position in Thermon Group Holdings, Inc. (NYSE:THR)

Two Sigma Advisers LP lessened its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 36.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 31,162 shares of the technology company's stock after selling 17,700 shares during the period. Two Sigma Advisers LP owned about 0.09% of Thermon Group worth $897,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of THR. Medina Value Partners LLC acquired a new stake in shares of Thermon Group during the 4th quarter valued at $17,747,000. Lightrock Netherlands B.V. purchased a new position in shares of Thermon Group during the fourth quarter valued at $4,995,000. Kennedy Capital Management LLC raised its position in Thermon Group by 55.6% during the fourth quarter. Kennedy Capital Management LLC now owns 333,640 shares of the technology company's stock valued at $9,599,000 after buying an additional 119,277 shares during the period. First Eagle Investment Management LLC lifted its stake in Thermon Group by 16.7% in the 4th quarter. First Eagle Investment Management LLC now owns 319,411 shares of the technology company's stock worth $9,189,000 after acquiring an additional 45,800 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Thermon Group by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,757,889 shares of the technology company's stock worth $50,574,000 after acquiring an additional 44,137 shares during the period. Institutional investors and hedge funds own 99.76% of the company's stock.

Wall Street Analysts Forecast Growth

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

Thermon Group Stock Up 0.6%

Thermon Group stock traded up $0.17 during trading hours on Thursday, hitting $27.20. The company had a trading volume of 253,600 shares, compared to its average volume of 171,641. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $34.36. 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 firm has a market capitalization of $900.02 million, a P/E ratio of 20.00 and a beta of 1.07. The firm's fifty day moving average is $26.76 and its 200-day moving average is $28.58.

Thermon Group (NYSE:THR - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The technology company reported $0.56 earnings per share (EPS) 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 business had revenue of $134.08 million during the quarter, compared to analyst estimates of $133.65 million. During the same period last year, the company earned $0.34 earnings per share. Thermon Group's quarterly revenue was up 5.0% compared to the same quarter last year. On average, research analysts forecast that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

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.