Tower Research Capital LLC TRC decreased its holdings in Thermon Group Holdings, Inc. (NYSE:THR - Free Report) by 82.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,849 shares of the technology company's stock after selling 8,782 shares during the quarter. Tower Research Capital LLC TRC's holdings in Thermon Group were worth $53,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of THR. JPMorgan Chase & Co. grew its stake in shares of Thermon Group by 11.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 274,227 shares of the technology company's stock valued at $8,183,000 after purchasing an additional 27,235 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Thermon Group by 7.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 410,574 shares of the technology company's stock worth $11,812,000 after purchasing an additional 29,146 shares during the period. Venturi Wealth Management LLC purchased a new position in Thermon Group in the 4th quarter valued at $47,000. Principal Financial Group Inc. increased its stake in Thermon Group by 7.6% in the 4th quarter. Principal Financial Group Inc. now owns 17,351 shares of the technology company's stock valued at $499,000 after buying an additional 1,226 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Thermon Group in the 4th quarter valued at $755,000. Institutional investors and hedge funds own 99.76% of the company's stock.
Thermon Group Stock Performance
THR traded down $0.19 during trading on Friday, reaching $30.12. The company's stock had a trading volume of 197,146 shares, compared to its average volume of 168,463. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 22.15 and a beta of 1.07. The company's fifty day moving average price is $27.31 and its 200-day moving average price is $28.67. Thermon Group Holdings, Inc. has a 52-week low of $23.05 and a 52-week high of $35.93. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.71 and a current ratio of 2.56.
Analysts Set New Price Targets
Separately, StockNews.com cut shares of Thermon Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, February 25th.
View Our Latest Stock Report on Thermon Group
Thermon Group Profile
(
Free Report)
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.
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