Comerica Bank Has $354,000 Stake in Thermon Group Holdings, Inc. (NYSE:THR)

Comerica Bank decreased its position in Thermon Group Holdings, Inc. (NYSE:THR) by 12.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,322 shares of the technology company’s stock after selling 1,706 shares during the quarter. Comerica Bank’s holdings in Thermon Group were worth $354,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Medina Value Partners LLC bought a new stake in shares of Thermon Group in the fourth quarter valued at approximately $17,747,000. Lightrock Netherlands B.V. bought a new stake in shares of Thermon Group in the fourth quarter valued at approximately $4,995,000. Kennedy Capital Management LLC boosted its stake in shares of Thermon Group by 55.6% in the fourth quarter. Kennedy Capital Management LLC now owns 333,640 shares of the technology company’s stock valued at $9,599,000 after buying an additional 119,277 shares during the period. First Eagle Investment Management LLC boosted its stake in shares of Thermon Group by 16.7% in the fourth quarter. First Eagle Investment Management LLC now owns 319,411 shares of the technology company’s stock valued at $9,189,000 after buying an additional 45,800 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Thermon Group by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,757,889 shares of the technology company’s stock valued at $50,574,000 after buying an additional 44,137 shares during the period. Institutional investors and hedge funds own 99.76% of the company’s stock.

Thermon Group Stock Down 0.6%

NYSE THR opened at $30.12 on Friday. The business has a fifty day moving average price of $27.33 and a two-hundred day moving average price of $28.69. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.56 and a quick ratio of 1.71. Thermon Group Holdings, Inc. has a fifty-two week low of $23.05 and a fifty-two week high of $35.93. The stock has a market capitalization of $1.01 billion, a PE ratio of 22.15 and a beta of 1.07.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Thermon Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th.

Thermon Group 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 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.