UBS Group AG Purchases 16,700 Shares of Thermon Group Holdings, Inc. $THR

UBS Group AG grew its position in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 305,070 shares of the technology company’s stock after buying an additional 16,700 shares during the quarter. UBS Group AG owned approximately 0.93% of Thermon Group worth $11,336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in THR. GW&K Investment Management LLC lifted its position in shares of Thermon Group by 133.4% during the third quarter. GW&K Investment Management LLC now owns 1,429,542 shares of the technology company’s stock worth $38,198,000 after purchasing an additional 817,138 shares in the last quarter. Medina Value Partners LLC lifted its position in shares of Thermon Group by 3.5% during the third quarter. Medina Value Partners LLC now owns 987,165 shares of the technology company’s stock worth $26,377,000 after purchasing an additional 33,248 shares in the last quarter. Harvey Partners LLC lifted its position in shares of Thermon Group by 20.6% during the third quarter. Harvey Partners LLC now owns 771,500 shares of the technology company’s stock worth $20,614,000 after purchasing an additional 131,769 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Thermon Group by 5.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 492,782 shares of the technology company’s stock worth $13,167,000 after purchasing an additional 24,998 shares in the last quarter. Finally, Kennedy Capital Management LLC lifted its position in shares of Thermon Group by 38.2% during the third quarter. Kennedy Capital Management LLC now owns 440,165 shares of the technology company’s stock worth $11,761,000 after purchasing an additional 121,634 shares in the last quarter. 99.76% of the stock is owned by institutional investors.

Thermon Group Trading Down 5.0%

Shares of NYSE THR opened at $65.15 on Friday. The company’s 50 day simple moving average is $54.21 and its 200 day simple moving average is $45.15. Thermon Group Holdings, Inc. has a fifty-two week low of $23.86 and a fifty-two week high of $71.24. The firm has a market capitalization of $2.14 billion, a P/E ratio of 37.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.90 and a quick ratio of 1.84.

Analyst Ratings Changes

A number of brokerages have recently issued reports on THR. Craig Hallum lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. William Blair lowered shares of Thermon Group from an “outperform” rating to a “hold” rating in a report on Wednesday, February 25th. CJS Securities lowered shares of Thermon Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 25th. Wall Street Zen lowered shares of Thermon Group from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 1st. Finally, Roth Mkm lowered shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $57.00.

About Thermon Group

Thermon Group, Inc (NYSE: THR) is a global provider of engineered thermal solutions designed to maintain process temperatures, prevent freezing and improve energy efficiency across industrial, commercial and power generation applications. The company specializes in the design, manufacture, installation and service of heat tracing systems, insulation and protective coatings for pipelines, tanks, vessels and other critical equipment.

Thermon’s core offerings include electric heat tracing, steam tracing, custom-engineered control panels, monitoring systems and advanced sensor technologies.