California Public Employees Retirement System Has $882,000 Holdings in Thermon Group Holdings, Inc. (THR)

California Public Employees Retirement System maintained its position in Thermon Group Holdings, Inc. (NYSE:THR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,000 shares of the technology company’s stock at the close of the second quarter. California Public Employees Retirement System owned approximately 0.14% of Thermon Group Holdings worth $882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in Thermon Group Holdings during the first quarter worth $109,000. Victory Capital Management Inc. lifted its stake in shares of Thermon Group Holdings by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,904 shares of the technology company’s stock valued at $152,000 after purchasing an additional 1,185 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Thermon Group Holdings by 4.1% in the 2nd quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock valued at $155,000 after purchasing an additional 320 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in shares of Thermon Group Holdings in the 1st quarter valued at $215,000. Finally, Trexquant Investment LP acquired a new position in shares of Thermon Group Holdings in the 2nd quarter valued at $291,000.

Thermon Group Holdings, Inc. (THR) opened at $20.93 on Wednesday. Thermon Group Holdings, Inc. has a 12 month low of $15.74 and a 12 month high of $22.36. The company has a current ratio of 3.73, a quick ratio of 2.95 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $673.45, a PE ratio of 49.43 and a beta of 1.04.

Thermon Group Holdings (NYSE:THR) last posted its earnings results on Monday, October 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.04. Thermon Group Holdings had a return on equity of 4.39% and a net margin of 5.65%. The firm had revenue of $61.63 million for the quarter, compared to analyst estimates of $61.64 million. During the same quarter in the prior year, the company earned $0.10 EPS. Thermon Group Holdings’s revenue was down 10.4% on a year-over-year basis. analysts forecast that Thermon Group Holdings, Inc. will post 0.49 earnings per share for the current year.

THR has been the topic of several recent analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $25.00 price target (up previously from $21.00) on shares of Thermon Group Holdings in a research note on Friday, October 6th. Zacks Investment Research raised Thermon Group Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub lowered Thermon Group Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. BMO Capital Markets upped their price target on Thermon Group Holdings from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, October 24th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $20.00 price target on shares of Thermon Group Holdings in a research note on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $23.50.

COPYRIGHT VIOLATION NOTICE: This report was first posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://transcriptdaily.com/2017/11/15/california-public-employees-retirement-system-has-882000-holdings-in-thermon-group-holdings-inc-thr.html.

Thermon Group Holdings Profile

Want to see what other hedge funds are holding THR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thermon Group Holdings, Inc. (NYSE:THR).

Institutional Ownership by Quarter for Thermon Group Holdings (NYSE:THR)

Receive News & Ratings for Thermon Group Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thermon Group Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply