Ancient Art L.P. Has $15.79 Million Stock Position in Thryv Holdings, Inc. $THRY

Ancient Art L.P. grew its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 468.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,309,459 shares of the company’s stock after purchasing an additional 1,079,016 shares during the period. Thryv makes up approximately 3.8% of Ancient Art L.P.’s investment portfolio, making the stock its 7th largest holding. Ancient Art L.P.’s holdings in Thryv were worth $15,792,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AQR Capital Management LLC grew its position in Thryv by 11.0% in the 1st quarter. AQR Capital Management LLC now owns 69,842 shares of the company’s stock valued at $895,000 after buying an additional 6,917 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Thryv by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,514 shares of the company’s stock worth $288,000 after buying an additional 1,351 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Thryv by 46.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 376,141 shares of the company’s stock worth $4,818,000 after buying an additional 119,167 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Thryv by 60.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 27,759 shares of the company’s stock worth $338,000 after acquiring an additional 10,510 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Thryv in the 2nd quarter worth approximately $128,000. 96.38% of the stock is currently owned by institutional investors.

Thryv Trading Down 1.0%

Shares of THRY opened at $2.94 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.08. The firm’s 50 day moving average is $4.21 and its 200-day moving average is $7.36. Thryv Holdings, Inc. has a 12-month low of $1.91 and a 12-month high of $15.74.

Thryv (NASDAQ:THRY) last released its earnings results on Thursday, February 26th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.62). The business had revenue of $191.62 million for the quarter, compared to analyst estimates of $191.25 million. Thryv had a net margin of 0.04% and a return on equity of 0.14%. On average, sell-side analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

THRY has been the subject of several recent analyst reports. Needham & Company LLC decreased their price objective on shares of Thryv from $14.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Zacks Research raised Thryv from a “strong sell” rating to a “hold” rating in a report on Monday, December 29th. Wall Street Zen lowered Thryv from a “buy” rating to a “hold” rating in a research note on Saturday, February 14th. Royal Bank Of Canada lowered their price target on Thryv from $13.00 to $7.00 and set a “sector perform” rating on the stock in a research report on Friday, February 20th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Thryv in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Thryv currently has a consensus rating of “Hold” and an average target price of $9.50.

Insiders Place Their Bets

In related news, CFO Paul D. Rouse bought 14,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were bought at an average cost of $2.35 per share, with a total value of $32,900.00. Following the completion of the transaction, the chief financial officer directly owned 349,079 shares of the company’s stock, valued at approximately $820,335.65. This trade represents a 4.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Joe Walsh bought 15,000 shares of Thryv stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $2.91 per share, with a total value of $43,650.00. Following the completion of the acquisition, the chief executive officer owned 775,749 shares of the company’s stock, valued at $2,257,429.59. The trade was a 1.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 38,000 shares of company stock valued at $101,930 in the last quarter. Insiders own 9.88% of the company’s stock.

About Thryv

Thryv Holdings, Inc (NASDAQ:THRY) is a software and technology solutions provider focused on helping small- and medium-sized businesses manage customer relationships, marketing and communications, appointments and payments through a unified platform. Headquartered in Dallas, Texas, the company delivers cloud-based software designed to simplify administrative tasks and enable business owners to engage with customers across multiple channels.

At the core of Thryv’s offerings is its flagship Thryv software platform, which combines customer relationship management (CRM) tools, automated marketing and social media management, online scheduling, invoicing and payment processing.