AMH Equity Ltd Sells 37,740 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

AMH Equity Ltd cut its position in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 25.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 110,000 shares of the technology company’s stock after selling 37,740 shares during the quarter. Thermon Group accounts for about 3.1% of AMH Equity Ltd’s investment portfolio, making the stock its 9th largest holding. AMH Equity Ltd’s holdings in Thermon Group were worth $3,165,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in THR. FMR LLC lifted its holdings in shares of Thermon Group by 10.0% in the 3rd quarter. FMR LLC now owns 2,186,280 shares of the technology company’s stock worth $65,239,000 after purchasing an additional 198,642 shares during the last quarter. Wellington Management Group LLP increased its position in Thermon Group by 15.5% in the third quarter. Wellington Management Group LLP now owns 1,324,609 shares of the technology company’s stock worth $39,526,000 after buying an additional 178,017 shares during the period. Lightrock Netherlands B.V. acquired a new stake in Thermon Group in the fourth quarter worth $4,995,000. Needham Investment Management LLC lifted its stake in Thermon Group by 21.5% in the third quarter. Needham Investment Management LLC now owns 650,000 shares of the technology company’s stock valued at $19,396,000 after buying an additional 115,000 shares during the last quarter. Finally, 272 Capital LP acquired a new position in shares of Thermon Group during the third quarter valued at $3,173,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Thermon Group Stock Performance

Shares of NYSE THR opened at $29.96 on Thursday. Thermon Group Holdings, Inc. has a 12-month low of $25.76 and a 12-month high of $35.93. The company has a market cap of $1.01 billion, a PE ratio of 22.03 and a beta of 1.10. The stock has a 50 day simple moving average of $28.84 and a 200-day simple moving average of $29.30. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28.

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

Insider Buying and Selling

In other news, SVP David Buntin sold 28,137 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $32.15, for a total value of $904,604.55. Following the completion of the sale, the senior vice president now owns 57,773 shares in the company, valued at $1,857,401.95. This represents a 32.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.