Marshall Wace LLP Acquires Shares of 33,335 Thermon Group Holdings Inc (NYSE:THR)

Marshall Wace LLP acquired a new stake in Thermon Group Holdings Inc (NYSE:THR) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 33,335 shares of the technology company’s stock, valued at approximately $817,000. Marshall Wace LLP owned 0.10% of Thermon Group as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. WCM Investment Management LLC boosted its position in shares of Thermon Group by 68.9% during the 1st quarter. WCM Investment Management LLC now owns 543,728 shares of the technology company’s stock worth $13,327,000 after purchasing an additional 221,819 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Thermon Group by 33.7% in the 4th quarter. Bank of America Corp DE now owns 534,337 shares of the technology company’s stock worth $10,837,000 after buying an additional 134,564 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Thermon Group by 22.1% in the 1st quarter. Jennison Associates LLC now owns 533,588 shares of the technology company’s stock worth $13,078,000 after buying an additional 96,456 shares in the last quarter. BlackRock Inc. boosted its position in shares of Thermon Group by 3.3% in the 4th quarter. BlackRock Inc. now owns 2,210,775 shares of the technology company’s stock worth $44,836,000 after buying an additional 70,482 shares in the last quarter. Finally, New South Capital Management Inc. boosted its position in shares of Thermon Group by 5.3% in the 4th quarter. New South Capital Management Inc. now owns 563,020 shares of the technology company’s stock worth $11,418,000 after buying an additional 28,527 shares in the last quarter.

Several equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Essential Properties Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, June 13th. ValuEngine upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a research report on Saturday, June 22nd. Four investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus target price of $28.00.

Shares of Thermon Group stock traded up $0.33 on Friday, hitting $25.65. The company’s stock had a trading volume of 105,972 shares, compared to its average volume of 153,394. Thermon Group Holdings Inc has a 52-week low of $18.37 and a 52-week high of $27.95. The company has a quick ratio of 2.39, a current ratio of 3.28 and a debt-to-equity ratio of 0.57. The business has a fifty day moving average of $24.77. The stock has a market cap of $826.35 million, a P/E ratio of 21.55 and a beta of 1.46.

Thermon Group (NYSE:THR) last released its quarterly earnings data on Thursday, June 6th. The technology company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). The business had revenue of $114.20 million during the quarter, compared to analysts’ expectations of $101.74 million. Thermon Group had a return on equity of 11.46% and a net margin of 5.51%. Thermon Group’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.34 earnings per share. As a group, analysts expect that Thermon Group Holdings Inc will post 1.37 earnings per share for the current year.

In other Thermon Group news, SVP Der Salm Johannes Rene Van sold 2,905 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $25.68, for a total value of $74,600.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

About Thermon Group

Thermon Group Holdings, Inc provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines.

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

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