Rutabaga Capital Management Has Cut Its Thermon Group Holdings (THR) Stake; Salem Investment Counselors Has Increased By $512,000 Its Pentair LTD (PEBK) Stake

December 7, 2017 - By Winifred Garcia

Rutabaga Capital Management Llc decreased Thermon Group Holdings Inc. (THR) stake by 10.71% reported in 2017Q2 SEC filing. Rutabaga Capital Management Llc sold 54,400 shares as Thermon Group Holdings Inc. (THR)’s stock rose 0.84%. The Rutabaga Capital Management Llc holds 453,416 shares with $8.69M value, down from 507,816 last quarter. Thermon Group Holdings Inc. now has $752.93 million valuation. The stock increased 0.39% or $0.09 during the last trading session, reaching $23.21. About 148,529 shares traded. Thermon Group Holdings, Inc. (NYSE:THR) has risen 11.69% since December 7, 2016 and is uptrending. It has underperformed by 5.01% the S&P500.

Salem Investment Counselors Inc increased Pentair Ltd. (PEBK) stake by 1306.12% reported in 2017Q2 SEC filing. Salem Investment Counselors Inc acquired 16,000 shares as Pentair Ltd. (PEBK)’s stock rose 0.51%. The Salem Investment Counselors Inc holds 17,225 shares with $552,000 value, up from 1,225 last quarter. Pentair Ltd. now has $188.50M valuation. The stock decreased 0.73% or $0.23 during the last trading session, reaching $31.44. About 3,843 shares traded. Peoples Bancorp of North Carolina, Inc. (NASDAQ:PEBK) has risen 46.92% since December 7, 2016 and is uptrending. It has outperformed by 30.22% the S&P500.

Investors sentiment increased to 1.62 in Q2 2017. Its up 0.54, from 1.08 in 2017Q1. It is positive, as 5 investors sold THR shares while 24 reduced holdings. 12 funds opened positions while 35 raised stakes. 33.39 million shares or 2.99% more from 32.42 million shares in 2017Q1 were reported. Swiss State Bank holds 0% or 53,400 shares. Bnp Paribas Arbitrage reported 4,858 shares or 0% of all its holdings. Blackrock Inc stated it has 1.91M shares. Van Berkom & Assoc holds 2.33M shares. Citigroup reported 0% stake. Credit Suisse Ag reported 18,607 shares. Schwab Charles Mgmt holds 143,236 shares. Voya Inv Mngmt owns 18,948 shares for 0% of their portfolio. Sei Invests Communications reported 0% stake. Ameritas Invest Ptnrs has invested 0% in Thermon Group Holdings, Inc. (NYSE:THR). California State Teachers Retirement System reported 57,109 shares. Amer International Gru accumulated 19,993 shares. Barclays Public Limited Co reported 124 shares or 0% of all its holdings. Ubs Asset Mngmt Americas, Illinois-based fund reported 10,299 shares. Eagle Asset Mngmt owns 1.64M shares or 0.19% of their US portfolio.

Among 6 analysts covering Thermon Group Holdings (NYSE:THR), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Thermon Group Holdings had 21 analyst reports since September 18, 2015 according to SRatingsIntel. Suntrust Robinson initiated the shares of THR in report on Tuesday, November 3 with “Neutral” rating. The firm has “Buy” rating given on Tuesday, September 26 by Jefferies. As per Wednesday, September 6, the company rating was maintained by BMO Capital Markets. The stock of Thermon Group Holdings, Inc. (NYSE:THR) earned “Market Perform” rating by BMO Capital Markets on Tuesday, April 5. The rating was maintained by BMO Capital Markets on Wednesday, October 4 with “Buy”. The firm earned “Buy” rating on Friday, September 18 by Jefferies. As per Tuesday, June 27, the company rating was maintained by BMO Capital Markets. As per Sunday, November 26, the company rating was maintained by BMO Capital Markets. As per Thursday, August 3, the company rating was maintained by BMO Capital Markets. As per Tuesday, October 24, the company rating was maintained by BMO Capital Markets.

Analysts await Thermon Group Holdings, Inc. (NYSE:THR) to report earnings on February, 14. They expect $0.16 earnings per share, 0.00% or $0.00 from last year’s $0.16 per share. THR’s profit will be $5.19 million for 36.27 P/E if the $0.16 EPS becomes a reality. After $0.15 actual earnings per share reported by Thermon Group Holdings, Inc. for the previous quarter, Wall Street now forecasts 6.67% EPS growth.

Salem Investment Counselors Inc decreased Ishares China 25 Index (FXI) stake by 8,790 shares to 300 valued at $12,000 in 2017Q2. It also reduced Alps Alerian Mlp Etf (AMLP) stake by 140,770 shares and now owns 22,950 shares. Atlantic Capital Bancshares was reduced too.

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