Rutabaga Capital Management LLC MA lowered its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 10.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 453,416 shares of the technology company’s stock after selling 54,400 shares during the period. Thermon Group Holdings comprises about 1.6% of Rutabaga Capital Management LLC MA’s investment portfolio, making the stock its 29th biggest holding. Rutabaga Capital Management LLC MA owned 1.40% of Thermon Group Holdings worth $8,692,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the business. Sterling Capital Management LLC boosted its stake in shares of Thermon Group Holdings by 4.2% during the 2nd quarter. Sterling Capital Management LLC now owns 153,511 shares of the technology company’s stock valued at $2,943,000 after buying an additional 6,150 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Thermon Group Holdings by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,052 shares of the technology company’s stock valued at $499,000 after buying an additional 566 shares during the period. State Street Corp boosted its stake in shares of Thermon Group Holdings by 6.6% during the 2nd quarter. State Street Corp now owns 630,757 shares of the technology company’s stock valued at $12,092,000 after buying an additional 39,271 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Thermon Group Holdings during the 2nd quarter valued at $49,144,000. Finally, Voya Investment Management LLC boosted its stake in shares of Thermon Group Holdings by 9.8% during the 2nd quarter. Voya Investment Management LLC now owns 18,948 shares of the technology company’s stock valued at $363,000 after buying an additional 1,692 shares during the period.

TRADEMARK VIOLATION WARNING: This piece was first reported by Daily Political and is owned by of Daily Political. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.dailypolitical.com/2017/10/13/rutabaga-capital-management-llc-ma-decreases-holdings-in-thermon-group-holdings-inc-thr.html.

THR has been the subject of a number of research reports. Zacks Investment Research raised shares of Thermon Group Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub lowered shares of Thermon Group Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and set a $25.00 target price (up previously from $21.00) on shares of Thermon Group Holdings in a research note on Friday, October 6th. ValuEngine raised shares of Thermon Group Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, June 29th. Finally, Wolfe Research lowered shares of Thermon Group Holdings from a “market perform” rating to an “underperform” rating in a research note on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $24.50.

Shares of Thermon Group Holdings, Inc. (NYSE THR) traded down 0.363% during midday trading on Friday, hitting $20.605. 27,423 shares of the company’s stock were exchanged. The company has a 50-day moving average of $17.92 and a 200-day moving average of $18.77. Thermon Group Holdings, Inc. has a 52 week low of $15.74 and a 52 week high of $21.52. The firm has a market cap of $667.64 million, a price-to-earnings ratio of 54.367 and a beta of 0.97.

Thermon Group Holdings (NYSE:THR) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The business had revenue of $51.70 million during the quarter, compared to the consensus estimate of $58.35 million. Thermon Group Holdings had a net margin of 4.99% and a return on equity of 3.88%. The firm’s revenue for the quarter was down 18.5% on a year-over-year basis. During the same period last year, the business posted $0.08 EPS. Equities research analysts expect that Thermon Group Holdings, Inc. will post $0.41 EPS for the current fiscal year.

Thermon Group Holdings Company Profile

Want to see what other hedge funds are holding THR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thermon Group Holdings, Inc. (NYSE:THR).

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

Receive News & Ratings for Thermon Group Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thermon Group Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.