Chicago Capital Management LLC Takes Position in Thermon Group Holdings, Inc. $THR

Chicago Capital Management LLC bought a new stake in Thermon Group Holdings, Inc. (NYSE:THR) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 30,069 shares of the technology company’s stock, valued at approximately $1,515,000. Thermon Group comprises about 0.0% of Chicago Capital Management LLC’s holdings, making the stock its 26th largest position.

Other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC lifted its position in shares of Thermon Group by 2.3% in the third quarter. Intech Investment Management LLC now owns 14,346 shares of the technology company’s stock valued at $383,000 after acquiring an additional 327 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Thermon Group by 5.5% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 10,091 shares of the technology company’s stock worth $375,000 after purchasing an additional 525 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Thermon Group by 2.2% during the third quarter. Legal & General Group Plc now owns 38,133 shares of the technology company’s stock worth $1,019,000 after buying an additional 807 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Thermon Group by 0.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 240,903 shares of the technology company’s stock worth $8,952,000 after buying an additional 816 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Thermon Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,822 shares of the technology company’s stock valued at $552,000 after purchasing an additional 845 shares during the last quarter. Institutional investors and hedge funds own 99.76% of the company’s stock.

Thermon Group Stock Performance

Thermon Group stock opened at $61.14 on Friday. The company has a current ratio of 2.69, a quick ratio of 1.76 and a debt-to-equity ratio of 0.25. Thermon Group Holdings, Inc. has a 52 week low of $23.86 and a 52 week high of $71.87. The stock has a 50 day moving average of $62.61 and a 200-day moving average of $52.09. The stock has a market cap of $2.01 billion, a P/E ratio of 45.63 and a beta of 0.83.

Thermon Group (NYSE:THR) last released its earnings results on Tuesday, May 19th. The technology company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The business had revenue of $148.33 million for the quarter, compared to the consensus estimate of $137.85 million. Thermon Group had a net margin of 8.31% and a return on equity of 13.42%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.56 EPS. On average, analysts expect that Thermon Group Holdings, Inc. will post 2.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on THR. Wall Street Zen raised Thermon Group to a “hold” rating in a research note on Saturday, May 30th. Zacks Research cut shares of Thermon Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Finally, Weiss Ratings lowered shares of Thermon Group from a “buy (b)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $57.00.

Thermon Group Company Profile

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.