Quantbot Technologies LP Makes New Investment in Thermon Group Holdings, Inc. (NYSE:THR)

Quantbot Technologies LP bought a new position in Thermon Group Holdings, Inc. (NYSE:THR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,977 shares of the technology company’s stock, valued at approximately $172,000.

Several other institutional investors also recently modified their holdings of the business. Assetmark Inc. purchased a new stake in Thermon Group in the fourth quarter worth about $26,000. Venturi Wealth Management LLC purchased a new position in shares of Thermon Group in the 4th quarter worth about $47,000. AlphaQuest LLC grew its holdings 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. PNC Financial Services Group Inc. increased 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 acquiring an additional 3,785 shares in the last quarter. Finally, Congress Asset Management Co. bought a new stake in shares of Thermon Group in the 4th quarter worth $227,000. 99.76% of the stock is currently owned by institutional investors.

Thermon Group Stock Down 1.8 %

THR stock opened at $28.42 on Monday. Thermon Group Holdings, Inc. has a fifty-two week low of $25.76 and a fifty-two week high of $35.93. The company has a market cap of $957.44 million, a price-to-earnings ratio of 20.90 and a beta of 0.98. 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 business’s 50-day moving average is $29.00 and its two-hundred day moving average is $29.25.

Thermon Group (NYSE:THR) last announced its earnings results on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. As a group, analysts forecast that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 25th.

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.