Two Sigma Advisers LP Decreases Stake in Thermon Group Holdings, Inc. (NYSE:THR)

Two Sigma Advisers LP lowered its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 36.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,162 shares of the technology company's stock after selling 17,700 shares during the period. Two Sigma Advisers LP owned 0.09% of Thermon Group worth $897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of THR. Quarry LP lifted its holdings in Thermon Group by 314.1% during the fourth quarter. Quarry LP now owns 853 shares of the technology company's stock worth $25,000 after buying an additional 647 shares during the period. Assetmark Inc. bought a new stake in Thermon Group during the fourth quarter valued at about $26,000. Venturi Wealth Management LLC bought a new stake in Thermon Group during the fourth quarter valued at about $47,000. AlphaQuest LLC lifted its position in shares of Thermon Group by 57,825.0% during the fourth quarter. AlphaQuest LLC now owns 2,317 shares of the technology company's stock valued at $67,000 after buying an additional 2,313 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Thermon Group by 4,731.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,865 shares of the technology company's stock valued at $111,000 after buying an additional 3,785 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company's stock.

Thermon Group Stock Up 1.8%

NYSE:THR traded up $0.48 during midday trading on Wednesday, reaching $27.08. 134,705 shares of the stock traded hands, compared to its average volume of 170,988. Thermon Group Holdings, Inc. has a 12-month low of $23.05 and a 12-month high of $34.36. The business has a 50-day moving average of $26.80 and a two-hundred day moving average of $28.62. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56. The stock has a market capitalization of $896.05 million, a PE ratio of 19.91 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 EPS for the quarter, beating 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 firm had revenue of $134.08 million during the quarter, compared to analyst estimates of $133.65 million. During the same quarter in the prior year, the business posted $0.34 EPS. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts forecast that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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 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.