WCM Investment Management CA increased its holdings in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 244,049 shares of the technology company’s stock after purchasing an additional 3,570 shares during the quarter. WCM Investment Management CA owned approximately 0.75% of Thermon Group Holdings worth $4,390,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Sei Investments Co. lifted its stake in Thermon Group Holdings by 85.2% in the third quarter. Sei Investments Co. now owns 33,056 shares of the technology company’s stock valued at $595,000 after buying an additional 15,206 shares during the last quarter. American Century Companies Inc. lifted its stake in Thermon Group Holdings by 93.3% in the third quarter. American Century Companies Inc. now owns 673,701 shares of the technology company’s stock valued at $12,120,000 after buying an additional 325,206 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Thermon Group Holdings by 37.1% in the third quarter. Victory Capital Management Inc. now owns 10,840 shares of the technology company’s stock valued at $195,000 after buying an additional 2,936 shares during the last quarter. Nationwide Fund Advisors lifted its stake in Thermon Group Holdings by 92.7% in the third quarter. Nationwide Fund Advisors now owns 50,910 shares of the technology company’s stock valued at $916,000 after buying an additional 24,494 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in Thermon Group Holdings by 4.2% in the second 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 last quarter.

A number of brokerages have weighed in on THR. Jefferies Group LLC reiterated a “buy” rating and issued a $25.00 price objective (up previously from $21.00) on shares of Thermon Group Holdings in a research note on Friday, October 6th. Wolfe Research cut Thermon Group Holdings from a “market perform” rating to an “underperform” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded Thermon Group Holdings from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, October 25th. TheStreet upgraded Thermon Group Holdings from a “c” rating to a “b-” rating in a research note on Monday, October 23rd. Finally, BMO Capital Markets boosted their price objective on Thermon Group Holdings from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $23.50.

Thermon Group Holdings, Inc. (THR) traded down $0.12 during trading on Tuesday, hitting $20.76. The stock had a trading volume of 105,800 shares, compared to its average volume of 148,206. Thermon Group Holdings, Inc. has a twelve month low of $15.74 and a twelve month high of $22.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 3.73 and a quick ratio of 2.95. The stock has a market capitalization of $677.34, a PE ratio of 49.71 and a beta of 1.04.

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

TRADEMARK VIOLATION NOTICE: This article was originally published by Daily Political and is owned by of Daily Political. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://www.dailypolitical.com/2017/11/14/thermon-group-holdings-inc-thr-position-raised-by-wcm-investment-management-ca.html.

Thermon Group Holdings 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.