The Thermon Group Holdings Inc. (THR) Position Lowered by California Public Employees Retirement System

The Thermon Group Holdings Inc. (THR) Position Lowered by California Public Employees Retirement System

California Public Employees Retirement System cut its position in shares of Thermon Group Holdings Inc. (NYSE:THR) by 2.9% during the second quarter, Holdings Channel reports. The fund owned 56,500 shares of the company’s stock after selling 1,700 shares during the period. California Public Employees Retirement System owned 0.18% of Thermon Group Holdings worth $1,085,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of THR. Nisa Investment Advisors LLC increased its position in shares of Thermon Group Holdings by 8.9% in the second quarter. Nisa Investment Advisors LLC now owns 6,100 shares of the company’s stock worth $117,000 after buying an additional 500 shares during the last quarter. Menta Capital LLC increased its position in shares of Thermon Group Holdings by 7.7% in the first quarter. Menta Capital LLC now owns 16,850 shares of the company’s stock worth $296,000 after buying an additional 1,200 shares during the last quarter. Boothbay Fund Management LLC bought a new position in shares of Thermon Group Holdings during the first quarter worth $367,000. Swiss National Bank increased its position in shares of Thermon Group Holdings by 1.9% in the second quarter. Swiss National Bank now owns 53,400 shares of the company’s stock worth $1,026,000 after buying an additional 1,000 shares during the last quarter. Finally, Bank of Montreal Can bought a new position in shares of Thermon Group Holdings during the second quarter worth $1,047,000.

Shares of Thermon Group Holdings Inc. (NYSE:THR) traded down 0.26% on Monday, reaching $19.55. The company’s stock had a trading volume of 24,695 shares. The company’s 50 day moving average is $18.93 and its 200-day moving average is $19.30. Thermon Group Holdings Inc. has a 1-year low of $13.97 and a 1-year high of $22.42. The firm has a market cap of $630.62 million, a price-to-earnings ratio of 30.08 and a beta of 1.09.

Thermon Group Holdings (NYSE:THR) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.15 by $0.07. Thermon Group Holdings had a net margin of 7.54% and a return on equity of 8.78%. The company had revenue of $63.40 million for the quarter, compared to analyst estimates of $64.09 million. During the same period last year, the company posted $0.18 earnings per share. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities research analysts expect that Thermon Group Holdings Inc. will post $0.71 EPS for the current year.

Several research analysts have commented on THR shares. Zacks Investment Research downgraded Thermon Group Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, August 24th. SunTrust Banks Inc. dropped their price target on Thermon Group Holdings from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, August 4th. Finally, BMO Capital Markets set a $19.00 price target on Thermon Group Holdings and gave the stock a “hold” rating in a research report on Wednesday, September 14th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Thermon Group Holdings has a consensus rating of “Hold” and an average target price of $19.75.

Thermon Group Holdings Company Profile

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