Rhumbline Advisers Lowers Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Rhumbline Advisers lessened its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 5.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 91,024 shares of the company’s stock after selling 5,706 shares during the quarter. Rhumbline Advisers owned about 0.25% of Thryv worth $1,622,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of THRY. Blair William & Co. IL bought a new stake in Thryv during the first quarter valued at approximately $4,039,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Thryv by 26.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 624,728 shares of the company’s stock worth $12,713,000 after acquiring an additional 130,107 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Thryv in the second quarter worth $1,388,000. Harspring Capital Management LLC grew its position in Thryv by 23.2% in the fourth quarter. Harspring Capital Management LLC now owns 345,000 shares of the company’s stock worth $7,021,000 after acquiring an additional 65,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Thryv by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,689,114 shares of the company’s stock valued at $34,374,000 after acquiring an additional 43,101 shares during the last quarter. Hedge funds and other institutional investors own 96.38% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $28.00 price target on shares of Thryv in a research note on Friday, August 2nd.

Thryv Trading Down 2.9 %

Shares of THRY opened at $18.29 on Friday. Thryv Holdings, Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $26.42. The firm has a market cap of $655.35 million, a price-to-earnings ratio of -2.43 and a beta of 0.82. The firm has a 50 day moving average price of $18.10 and a 200-day moving average price of $19.93. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.14 and a current ratio of 1.14.

Thryv (NASDAQ:THRY) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.30). Thryv had a negative net margin of 30.83% and a positive return on equity of 2.17%. The business had revenue of $224.08 million for the quarter, compared to analysts’ expectations of $221.78 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. The business’s quarterly revenue was down 10.9% on a year-over-year basis.

About Thryv

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.