Jane Street Group LLC Has $1.45 Million Position in Thermon Group Holdings, Inc. (NYSE:THR)

Jane Street Group LLC increased its position in Thermon Group Holdings, Inc. (NYSE:THR) by 40.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 48,458 shares of the technology company’s stock after purchasing an additional 13,950 shares during the quarter. Jane Street Group LLC’s holdings in Thermon Group were worth $1,446,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP raised its stake in shares of Thermon Group by 15.5% in the third quarter. Wellington Management Group LLP now owns 1,324,609 shares of the technology company’s stock worth $39,526,000 after purchasing an additional 178,017 shares during the last quarter. State Street Corp grew its holdings in Thermon Group by 0.8% during the third quarter. State Street Corp now owns 769,187 shares of the technology company’s stock worth $22,953,000 after buying an additional 5,882 shares in the last quarter. Needham Investment Management LLC raised its position in Thermon Group by 21.5% in the 3rd quarter. Needham Investment Management LLC now owns 650,000 shares of the technology company’s stock valued at $19,396,000 after buying an additional 115,000 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in Thermon Group by 8.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 18,715 shares of the technology company’s stock valued at $558,000 after acquiring an additional 1,529 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in Thermon Group by 1.5% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 397,534 shares of the technology company’s stock worth $11,862,000 after purchasing an additional 5,920 shares in the last quarter. 99.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com upgraded Thermon Group from a “hold” rating to a “buy” rating in a report on Saturday, September 14th.

Insiders Place Their Bets

In related news, SVP David Buntin sold 28,137 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $32.15, for a total transaction of $904,604.55. Following the sale, the senior vice president now directly owns 57,773 shares in the company, valued at approximately $1,857,401.95. This represents a 32.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.40% of the company’s stock.

Thermon Group Stock Performance

NYSE THR opened at $28.62 on Friday. The company has a market capitalization of $964.06 million, a PE ratio of 22.36 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.85 and a current ratio of 2.80. Thermon Group Holdings, Inc. has a 52-week low of $23.76 and a 52-week high of $35.93. The company has a 50-day simple moving average of $29.74 and a 200 day simple moving average of $29.85.

Thermon Group (NYSE:THR) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. Thermon Group had a net margin of 8.89% and a return on equity of 12.08%. The company had revenue of $114.60 million during the quarter, compared to analyst estimates of $116.19 million. During the same quarter last year, the business posted $0.49 EPS. Thermon Group’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, research analysts predict that Thermon Group Holdings, Inc. will post 1.79 EPS for the current year.

Thermon Group Company Profile

Thermon Group Holdings, Inc provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It offers heat tracing products, such as electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other products and services.