Russell Investments Group Ltd. Sells 9,530 Shares of Thermon Group Holdings, Inc. (NYSE:THR)

Russell Investments Group Ltd. decreased its position in Thermon Group Holdings, Inc. (NYSE:THR) by 5.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 163,081 shares of the technology company’s stock after selling 9,530 shares during the quarter. Russell Investments Group Ltd.’s holdings in Thermon Group were worth $5,312,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in THR. SG Americas Securities LLC bought a new position in Thermon Group in the third quarter worth $385,000. Hennion & Walsh Asset Management Inc. bought a new position in Thermon Group in the third quarter worth $248,000. Teacher Retirement System of Texas raised its holdings in Thermon Group by 21.9% in the third quarter. Teacher Retirement System of Texas now owns 51,212 shares of the technology company’s stock worth $1,407,000 after purchasing an additional 9,187 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Thermon Group by 46.5% during the third quarter. Principal Financial Group Inc. now owns 12,068 shares of the technology company’s stock valued at $332,000 after acquiring an additional 3,829 shares in the last quarter. Finally, Premier Fund Managers Ltd bought a new position in shares of Thermon Group during the third quarter valued at $254,000. Institutional investors own 99.76% of the company’s stock.

Thermon Group Trading Up 2.5 %

Thermon Group stock opened at $34.52 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.22 and a quick ratio of 1.53. Thermon Group Holdings, Inc. has a one year low of $20.70 and a one year high of $34.58. The stock has a market capitalization of $1.16 billion, a PE ratio of 23.97 and a beta of 1.17. The business’s fifty day moving average is $30.98 and its 200 day moving average is $30.36.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Roth Mkm assumed coverage on Thermon Group in a report on Wednesday, March 6th. They set a “buy” rating and a $36.00 price target for the company. StockNews.com upgraded Thermon Group from a “hold” rating to a “buy” rating in a report on Saturday, May 4th. Finally, CJS Securities initiated coverage on Thermon Group in a research report on Monday, April 29th. They set an “outperform” rating and a $42.00 price objective on the stock.

Thermon Group Company Profile

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 provides 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.