New York State Teachers Retirement System Sells 1,699 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

New York State Teachers Retirement System reduced its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 56.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,328 shares of the technology company’s stock after selling 1,699 shares during the period. New York State Teachers Retirement System’s holdings in Thermon Group were worth $40,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quest Partners LLC boosted its stake in Thermon Group by 2,375.0% in the second quarter. Quest Partners LLC now owns 1,089 shares of the technology company’s stock valued at $33,000 after acquiring an additional 1,045 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Thermon Group in the second quarter valued at about $40,000. Meeder Asset Management Inc. purchased a new position in Thermon Group in the second quarter valued at about $60,000. EntryPoint Capital LLC boosted its stake in Thermon Group by 421.1% in the first quarter. EntryPoint Capital LLC now owns 6,331 shares of the technology company’s stock valued at $207,000 after acquiring an additional 5,116 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in Thermon Group by 9.8% in the second quarter. QRG Capital Management Inc. now owns 6,838 shares of the technology company’s stock valued at $210,000 after acquiring an additional 608 shares during the last quarter. 99.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Thermon Group from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th.

Thermon Group Price Performance

THR stock opened at $29.44 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.73 and a current ratio of 2.61. Thermon Group Holdings, Inc. has a 52 week low of $23.76 and a 52 week high of $35.93. The firm’s fifty day moving average is $28.45 and its 200 day moving average is $30.42. The firm has a market cap of $995.07 million, a P/E ratio of 23.00 and a beta of 1.07.

Thermon Group (NYSE:THR) last announced its quarterly earnings results on Thursday, November 7th. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $114.60 million for the quarter, compared to analyst estimates of $116.19 million. Thermon Group had a net margin of 8.89% and a return on equity of 12.19%. The company’s revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. Research analysts predict that Thermon Group Holdings, Inc. will post 1.79 earnings per share for the current year.

Thermon Group 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.