Thryv Holdings, Inc. (NASDAQ:THRY) Shares Bought by Brooktree Capital Management

Brooktree Capital Management increased its holdings in Thryv Holdings, Inc. (NASDAQ:THRY) by 24.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 508,307 shares of the company’s stock after buying an additional 100,577 shares during the period. Thryv accounts for 5.6% of Brooktree Capital Management’s holdings, making the stock its 8th largest position. Brooktree Capital Management’s holdings in Thryv were worth $7,523,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP raised its position in Thryv by 1,296.3% during the third quarter. Quarry LP now owns 2,248 shares of the company’s stock valued at $39,000 after purchasing an additional 2,087 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Thryv during the fourth quarter worth $44,000. KBC Group NV increased its holdings in shares of Thryv by 97.8% during the third quarter. KBC Group NV now owns 2,868 shares of the company’s stock worth $49,000 after buying an additional 1,418 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings 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 worth $141,000 after buying an additional 1,500 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Thryv by 17.6% during the fourth quarter. Amalgamated Bank now owns 11,446 shares of the company’s stock worth $169,000 after buying an additional 1,715 shares in the last quarter. 96.38% of the stock is currently owned by institutional investors and hedge funds.

Thryv Stock Performance

Shares of Thryv stock opened at $15.62 on Tuesday. 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 cap of $677.46 million, a price-to-earnings ratio of -1.62 and a beta of 0.90. The company’s fifty day moving average is $17.08 and its 200 day moving average is $16.52.

Thryv (NASDAQ:THRY) last released its quarterly 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 net margin of 38.87% and a negative return on equity of 42.95%. The firm had revenue of $186.60 million during the quarter, compared to analyst estimates of $183.02 million. Sell-side analysts forecast that Thryv Holdings, Inc. will post -2.24 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “buy” rating and set a $28.00 price target on shares of Thryv in a report on Wednesday, January 15th.

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.