Clark Estates Inc. NY Sells 12,456 Shares of Thryv Holdings, Inc. (NASDAQ:THRY)

Clark Estates Inc. NY trimmed its holdings in Thryv Holdings, Inc. (NASDAQ:THRY) by 10.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 102,794 shares of the company’s stock after selling 12,456 shares during the quarter. Clark Estates Inc. NY’s holdings in Thryv were worth $1,521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its stake in shares of Thryv by 31.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,107,417 shares of the company’s stock worth $16,135,000 after acquiring an additional 262,111 shares during the last quarter. Harspring Capital Management LLC increased its holdings in shares of Thryv by 51.2% in the third quarter. Harspring Capital Management LLC now owns 635,000 shares of the company’s stock valued at $10,941,000 after purchasing an additional 215,000 shares in the last quarter. LB Partners LLC bought a new position in Thryv in the 4th quarter worth approximately $2,956,000. Peregrine Capital Management LLC boosted its position in Thryv by 91.0% in the 4th quarter. Peregrine Capital Management LLC now owns 396,038 shares of the company’s stock valued at $5,861,000 after buying an additional 188,718 shares during the last quarter. Finally, Parthenon LLC bought a new position in Thryv in the fourth quarter valued at about $1,431,000. Institutional investors and hedge funds own 96.38% of the company’s stock.

Thryv Stock Performance

Shares of THRY stock opened at $16.84 on Wednesday. The firm has a market cap of $708.04 million, a PE ratio of -1.74 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. The company’s fifty day simple moving average is $16.85 and its 200-day simple moving average is $16.67. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 2.70.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Thryv in a research note on Wednesday, January 15th. Robert W. Baird dropped their target price on shares of Thryv from $25.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, November 8th.

About Thryv

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.