Maryland State Retirement & Pension System Raises Stock Position in Thryv Holdings, Inc. (NASDAQ:THRY)

Maryland State Retirement & Pension System grew its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 21.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 13,581 shares of the company’s stock after acquiring an additional 2,365 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Thryv were worth $201,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Thrivent Financial for Lutherans lifted its holdings in shares of Thryv by 16.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 31,171 shares of the company’s stock worth $461,000 after acquiring an additional 4,373 shares during the last quarter. Brooktree Capital Management raised its position in Thryv by 24.7% in the 4th quarter. Brooktree Capital Management now owns 508,307 shares of the company’s stock worth $7,523,000 after purchasing an additional 100,577 shares during the period. Swiss National Bank lifted its stake in Thryv by 2.9% in the fourth quarter. Swiss National Bank now owns 67,800 shares of the company’s stock worth $1,003,000 after purchasing an additional 1,900 shares during the last quarter. Amundi boosted its position in shares of Thryv by 257.7% during the fourth quarter. Amundi now owns 20,388 shares of the company’s stock valued at $294,000 after buying an additional 14,688 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Thryv by 18.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company’s stock valued at $141,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 96.38% of the company’s stock.

Thryv Price Performance

THRY opened at $15.09 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 2.70. The business’s fifty day simple moving average is $17.16 and its 200-day simple moving average is $16.39. The company has a market capitalization of $654.47 million, a price-to-earnings ratio of -1.56 and a beta of 0.90. Thryv Holdings, Inc. has a 12-month low of $13.06 and a 12-month high of $26.42.

Thryv (NASDAQ:THRY) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.26. Thryv had a negative net margin of 38.87% and a negative return on equity of 42.95%. The business had revenue of $186.60 million during the quarter, compared to analyst estimates of $183.02 million. On average, equities research analysts anticipate that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Thryv in a research report on Wednesday, January 15th.

Thryv Profile

Thryv Holdings, Inc provides digital marketing solutions and cloud-based tools to the small-to-medium sized businesses in the United States. It operates through four segments: Thryv U.S. Marketing Services, Thryv U.S. SaaS, Thryv International Marketing Services, and Thryv International SaaS. The company provides print yellow pages, internet yellow pages, and search engine marketing; and other digital media solutions, such as online display and social advertising, online presence and video, and search engine optimization tools.