Thermon Group Holdings, Inc. (THR) Position Boosted by Citadel Advisors LLC

Citadel Advisors LLC increased its position in Thermon Group Holdings, Inc. (NYSE:THR) by 447.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 132,232 shares of the technology company’s stock after acquiring an additional 108,065 shares during the period. Citadel Advisors LLC owned about 0.41% of Thermon Group worth $2,378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in THR. SG Americas Securities LLC bought a new stake in Thermon Group in the 3rd quarter worth approximately $144,000. Victory Capital Management Inc. grew its position in Thermon Group by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,904 shares of the technology company’s stock worth $152,000 after purchasing an additional 1,185 shares during the period. Legal & General Group Plc grew its position in Thermon Group by 4.1% in the 2nd quarter. Legal & General Group Plc now owns 8,143 shares of the technology company’s stock worth $155,000 after purchasing an additional 320 shares during the period. M&T Bank Corp grew its position in Thermon Group by 0.8% in the 2nd quarter. M&T Bank Corp now owns 12,062 shares of the technology company’s stock worth $232,000 after purchasing an additional 99 shares during the period. Finally, Trexquant Investment LP bought a new stake in Thermon Group in the 2nd quarter worth approximately $291,000.

Shares of Thermon Group Holdings, Inc. (THR) traded up $0.20 during mid-day trading on Monday, hitting $23.46. 188,600 shares of the stock were exchanged, compared to its average volume of 151,331. Thermon Group Holdings, Inc. has a 12-month low of $15.74 and a 12-month high of $26.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.95 and a current ratio of 3.73. The company has a market cap of $761.04, a P/E ratio of 55.86 and a beta of 1.06.

Thermon Group (NYSE:THR) last issued its quarterly earnings data on Monday, October 23rd. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. Thermon Group had a net margin of 5.65% and a return on equity of 4.39%. The firm had revenue of $61.63 million during the quarter, compared to the consensus estimate of $61.64 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The company’s revenue for the quarter was down 10.4% compared to the same quarter last year. sell-side analysts expect that Thermon Group Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

A number of equities research analysts have commented on THR shares. Zacks Investment Research raised shares of Thermon Group from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Wednesday, October 25th. SunTrust Banks reaffirmed a “hold” rating and issued a $20.00 target price on shares of Thermon Group in a research report on Tuesday, October 24th. BidaskClub downgraded shares of Thermon Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. BMO Capital Markets boosted their price objective on shares of Thermon Group from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, October 24th. Finally, Wolfe Research downgraded shares of Thermon Group from a “market perform” rating to an “underperform” rating in a research report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $23.50.

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Thermon Group Profile

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

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