Thermon Group Holdings, Inc. (NYSE:THR) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 35.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,332 shares of the technology company’s stock after selling 17,126 shares during the quarter. Jane Street Group LLC owned about 0.09% of Thermon Group worth $901,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Thermon Group by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,383,299 shares of the technology company’s stock worth $97,338,000 after buying an additional 16,112 shares during the period. Dimensional Fund Advisors LP increased its stake in Thermon Group by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,757,889 shares of the technology company’s stock worth $50,574,000 after buying an additional 44,137 shares during the period. William Blair Investment Management LLC increased its stake in Thermon Group by 0.8% during the 4th quarter. William Blair Investment Management LLC now owns 857,633 shares of the technology company’s stock worth $24,674,000 after buying an additional 6,821 shares during the period. Swedbank AB increased its stake in Thermon Group by 1.0% during the 4th quarter. Swedbank AB now owns 621,000 shares of the technology company’s stock worth $17,866,000 after buying an additional 6,000 shares during the period. Finally, Medina Value Partners LLC purchased a new stake in Thermon Group during the 4th quarter worth $17,747,000. Institutional investors and hedge funds own 99.76% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Thermon Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday.

Thermon Group Stock Performance

Thermon Group stock opened at $26.51 on Friday. The firm’s fifty day moving average price is $27.28 and its 200 day moving average price is $28.77. The company has a market capitalization of $893.22 million, a price-to-earnings ratio of 19.49 and a beta of 1.07. Thermon Group Holdings, Inc. has a 12-month low of $23.05 and a 12-month high of $35.84. 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 (NYSE:THR) last released its earnings results on Thursday, May 22nd. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06. The company had revenue of $134.08 million during the quarter, compared to the consensus estimate of $133.65 million. Thermon Group had a net margin of 9.48% and a return on equity of 11.72%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, research analysts forecast that Thermon Group Holdings, Inc. will post 1.88 EPS for the current fiscal year.

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 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.