Mackenzie Financial Corp Takes Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Mackenzie Financial Corp bought a new stake in Thryv Holdings, Inc. (NASDAQ:THRY) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,317 shares of the company’s stock, valued at approximately $271,000.

Several other institutional investors and hedge funds also recently made changes to their positions in THRY. Pacer Advisors Inc. grew its position in Thryv by 73.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,348,066 shares of the company’s stock worth $27,433,000 after buying an additional 570,190 shares in the last quarter. Harspring Capital Management LLC acquired a new stake in Thryv during the third quarter worth approximately $5,256,000. Charles Schwab Investment Management Inc. grew its position in Thryv by 95.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 494,621 shares of the company’s stock worth $9,284,000 after buying an additional 241,165 shares in the last quarter. S Squared Technology LLC acquired a new stake in Thryv during the third quarter worth approximately $4,174,000. Finally, Minerva Advisors LLC grew its position in Thryv by 382.0% during the third quarter. Minerva Advisors LLC now owns 239,551 shares of the company’s stock worth $4,494,000 after buying an additional 189,848 shares in the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.

Insider Activity

In other news, CEO Joe Walsh purchased 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $19.01 per share, for a total transaction of $95,050.00. Following the purchase, the chief executive officer now owns 501,172 shares of the company’s stock, valued at $9,527,279.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 10.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on THRY. TheStreet downgraded Thryv from a “c-” rating to a “d” rating in a research report on Friday, March 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $42.00 target price on shares of Thryv in a report on Thursday, January 18th.

Thryv Trading Down 0.1 %

Shares of THRY stock opened at $22.85 on Monday. The stock’s fifty day moving average price is $21.83 and its two-hundred day moving average price is $20.16. The company has a market cap of $812.55 million, a PE ratio of -3.05 and a beta of 0.95. Thryv Holdings, Inc. has a fifty-two week low of $15.99 and a fifty-two week high of $26.01. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.01 and a current ratio of 1.01.

Thryv (NASDAQ:THRY) last issued its earnings results on Thursday, February 22nd. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.09). Thryv had a negative net margin of 28.28% and a positive return on equity of 2.82%. The business had revenue of $236.16 million during the quarter, compared to analyst estimates of $231.77 million. During the same period in the prior year, the business posted $1.51 EPS. The company’s revenue for the quarter was down 15.5% compared to the same quarter last year. Equities analysts predict that Thryv Holdings, Inc. will post 0.79 EPS for the current fiscal year.

Thryv Profile

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.