Thermon Group Holdings, Inc. (NYSE:THR) Shares Sold by New South Capital Management Inc.

New South Capital Management Inc. lowered its stake in shares of Thermon Group Holdings, Inc. (NYSE:THR) by 6.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 664,875 shares of the technology company’s stock after selling 49,488 shares during the quarter. New South Capital Management Inc.’s holdings in Thermon Group were worth $19,128,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new stake in Thermon Group in the third quarter valued at approximately $481,000. Barclays PLC boosted its position in Thermon Group by 312.1% in the third quarter. Barclays PLC now owns 54,149 shares of the technology company’s stock valued at $1,616,000 after buying an additional 41,009 shares during the last quarter. Wellington Management Group LLP boosted its position in 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 valued at $39,526,000 after buying an additional 178,017 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Thermon Group by 11.0% in the third quarter. JPMorgan Chase & Co. now owns 274,227 shares of the technology company’s stock valued at $8,183,000 after buying an additional 27,235 shares during the last quarter. Finally, FMR LLC boosted its position in Thermon Group by 10.0% in the third quarter. FMR LLC now owns 2,186,280 shares of the technology company’s stock valued at $65,239,000 after buying an additional 198,642 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.

Insiders Place Their Bets

In other news, SVP David Buntin sold 28,137 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $32.15, for a total transaction of $904,604.55. Following the transaction, the senior vice president now owns 57,773 shares in the company, valued at $1,857,401.95. This trade represents a 32.75 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.40% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Thermon Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 25th.

Thermon Group Trading Down 0.9 %

Thermon Group stock opened at $28.15 on Thursday. The company has a current ratio of 2.56, a quick ratio of 1.71 and a debt-to-equity ratio of 0.28. Thermon Group Holdings, Inc. has a 12 month low of $25.76 and a 12 month high of $35.93. The stock’s 50 day simple moving average is $28.85 and its two-hundred day simple moving average is $29.30. The firm has a market cap of $948.47 million, a PE ratio of 20.70 and a beta of 1.10.

Thermon Group (NYSE:THR) last released its quarterly earnings data on Thursday, February 6th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.54 by $0.02. Thermon Group had a return on equity of 11.72% and a net margin of 9.48%. Analysts anticipate that Thermon Group Holdings, Inc. will post 1.88 earnings per share for the current year.

About Thermon Group

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.