Premier Fund Managers Ltd Sells 12,318 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Premier Fund Managers Ltd trimmed its stake in Thermon Group Holdings, Inc. (NYSE:THR) by 80.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,965 shares of the technology company’s stock after selling 12,318 shares during the period. Premier Fund Managers Ltd’s holdings in Thermon Group were worth $85,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. grew its stake in shares of Thermon Group by 2.1% during the third quarter. Franklin Resources Inc. now owns 20,665 shares of the technology company’s stock valued at $595,000 after buying an additional 422 shares during the last quarter. D.A. Davidson & CO. grew its position in Thermon Group by 1.8% in the 3rd quarter. D.A. Davidson & CO. now owns 29,282 shares of the technology company’s stock valued at $874,000 after acquiring an additional 506 shares during the last quarter. Riverpoint Wealth Management Holdings LLC increased its stake in Thermon Group by 1.7% in the fourth quarter. Riverpoint Wealth Management Holdings LLC now owns 47,862 shares of the technology company’s stock worth $1,377,000 after purchasing an additional 805 shares during the period. American Century Companies Inc. lifted its position in shares of Thermon Group by 1.7% during the fourth quarter. American Century Companies Inc. now owns 49,926 shares of the technology company’s stock worth $1,436,000 after purchasing an additional 857 shares during the last quarter. Finally, Assetmark Inc. purchased a new stake in shares of Thermon Group during the fourth quarter valued at $26,000. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Thermon Group Stock Down 1.8 %

Shares of NYSE:THR opened at $28.42 on Friday. The business’s 50 day moving average is $29.00 and its 200 day moving average is $29.23. The stock has a market cap of $957.44 million, a P/E ratio of 20.90 and a beta of 0.98. Thermon Group Holdings, Inc. has a 52-week low of $25.76 and a 52-week high of $35.93. The company has a quick ratio of 1.71, a current ratio of 2.56 and a debt-to-equity ratio of 0.28.

Thermon Group (NYSE:THR) last issued its earnings results on Thursday, February 6th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. Sell-side analysts predict that Thermon Group Holdings, Inc. will post 1.88 EPS for the current year.

Wall Street Analyst Weigh In

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

About Thermon Group

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.