LB Partners LLC Acquires Shares of 199,705 Thryv Holdings, Inc. (NASDAQ:THRY)

LB Partners LLC bought a new stake in shares of Thryv Holdings, Inc. (NASDAQ:THRY) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 199,705 shares of the company’s stock, valued at approximately $2,956,000. Thryv comprises approximately 2.2% of LB Partners LLC’s portfolio, making the stock its 12th largest holding. LB Partners LLC owned approximately 0.48% of Thryv at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in THRY. Louisiana State Employees Retirement System increased its holdings in Thryv by 3.8% in the third quarter. Louisiana State Employees Retirement System now owns 16,500 shares of the company’s stock valued at $284,000 after purchasing an additional 600 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Thryv by 5.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 19,473 shares of the company’s stock valued at $335,000 after acquiring an additional 960 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Thryv by 9.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,636 shares of the company’s stock valued at $225,000 after acquiring an additional 1,078 shares during the last quarter. Sei Investments Co. raised its position in shares of Thryv by 1.1% in the 2nd quarter. Sei Investments Co. now owns 120,249 shares of the company’s stock valued at $2,143,000 after acquiring an additional 1,284 shares during the period. Finally, KBC Group NV boosted its stake in Thryv by 97.8% during the 3rd quarter. KBC Group NV now owns 2,868 shares of the company’s stock worth $49,000 after acquiring an additional 1,418 shares during the last quarter. Institutional investors and hedge funds own 96.38% of the company’s stock.

Thryv Stock Up 0.9 %

Thryv stock opened at $17.51 on Friday. The company has a 50 day moving average of $15.53 and a 200-day moving average of $16.59. 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 Holdings, Inc. has a twelve month low of $13.06 and a twelve month high of $26.42. The stock has a market capitalization of $736.12 million, a PE ratio of -1.81 and a beta of 0.88.

Thryv (NASDAQ:THRY) last announced its earnings results on Thursday, November 7th. The company reported ($2.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.53) by ($0.12). The company had revenue of $179.85 million during the quarter, compared to analyst estimates of $179.24 million. Thryv had a negative return on equity of 42.95% and a negative net margin of 38.87%. Thryv’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.78) earnings per share. On average, equities research analysts anticipate that Thryv Holdings, Inc. will post -2.24 EPS for the current fiscal year.

Analysts Set New Price Targets

THRY has been the topic of several analyst reports. Robert W. Baird cut 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. Needham & Company LLC reissued a “buy” rating and issued a $28.00 target price on shares of Thryv in a research note on Wednesday, January 15th.

Thryv Company 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.