Campbell & CO Investment Adviser LLC acquired a new stake in shares of Thermon Group Holdings Inc (NYSE:THR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 8,922 shares of the technology company’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Citadel Advisors LLC lifted its holdings in shares of Thermon Group by 33.5% in the 2nd quarter. Citadel Advisors LLC now owns 117,923 shares of the technology company’s stock valued at $2,697,000 after acquiring an additional 29,573 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Thermon Group by 34.7% in the 2nd quarter. California Public Employees Retirement System now owns 74,961 shares of the technology company’s stock valued at $1,714,000 after acquiring an additional 19,306 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Thermon Group by 3.5% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,899,170 shares of the technology company’s stock valued at $43,434,000 after acquiring an additional 64,894 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Thermon Group by 540.3% in the 2nd quarter. Millennium Management LLC now owns 278,719 shares of the technology company’s stock valued at $6,374,000 after acquiring an additional 235,188 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of Thermon Group by 5.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 179,818 shares of the technology company’s stock valued at $4,113,000 after acquiring an additional 9,593 shares during the last quarter.

Shares of NYSE:THR opened at $22.23 on Thursday. The company has a quick ratio of 2.40, a current ratio of 3.62 and a debt-to-equity ratio of 0.63. Thermon Group Holdings Inc has a 12 month low of $20.49 and a 12 month high of $27.95. The stock has a market capitalization of $725.90 million, a P/E ratio of 22.43 and a beta of 1.23.

Thermon Group (NYSE:THR) last posted its quarterly earnings data on Wednesday, October 31st. The technology company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.02). Thermon Group had a return on equity of 10.22% and a net margin of 3.45%. The firm had revenue of $90.15 million during the quarter, compared to analysts’ expectations of $87.25 million. During the same period last year, the company earned $0.22 earnings per share. The business’s revenue for the quarter was up 46.3% compared to the same quarter last year. On average, sell-side analysts forecast that Thermon Group Holdings Inc will post 1.23 earnings per share for the current year.

THR has been the subject of a number of analyst reports. BMO Capital Markets lowered their price target on shares of Thermon Group from $31.00 to $29.00 and set an “outperform” rating for the company in a report on Friday, November 2nd. Zacks Investment Research raised shares of Thermon Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st. SunTrust Banks raised shares of Thermon Group from a “hold” rating to a “buy” rating and increased their price target for the company from $26.00 to $28.00 in a report on Thursday, November 1st. Finally, ValuEngine downgraded shares of Thermon Group from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Thermon Group currently has an average rating of “Buy” and an average target price of $28.50.

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About Thermon Group

Thermon Group Holdings, Inc provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines.

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

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