Charles Schwab Investment Management Inc. Decreases Holdings in Thryv Holdings, Inc. (NASDAQ:THRY)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Thryv Holdings, Inc. (NASDAQ:THRY) by 2.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 580,688 shares of the company’s stock after selling 14,321 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Thryv were worth $8,594,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its position in Thryv by 18.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,509 shares of the company’s stock valued at $141,000 after acquiring an additional 1,500 shares during the period. Amalgamated Bank increased its position in Thryv by 17.6% in the 4th quarter. Amalgamated Bank now owns 11,446 shares of the company’s stock valued at $169,000 after acquiring an additional 1,715 shares during the period. Bank of New York Mellon Corp increased its position in Thryv by 10.1% in the 4th quarter. Bank of New York Mellon Corp now owns 206,501 shares of the company’s stock valued at $3,056,000 after acquiring an additional 18,906 shares during the period. Skylands Capital LLC increased its position in Thryv by 4.7% in the 4th quarter. Skylands Capital LLC now owns 68,000 shares of the company’s stock valued at $1,006,000 after acquiring an additional 3,050 shares during the period. Finally, Parthenon LLC acquired a new position in Thryv in the 4th quarter valued at about $1,431,000. 96.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Thryv Price Performance

Shares of NASDAQ:THRY opened at $15.12 on Monday. The business’s 50 day simple moving average is $17.13 and its 200-day simple moving average is $16.43. The firm has a market capitalization of $655.77 million, a price-to-earnings ratio of -1.56 and a beta of 0.90. The company has a debt-to-equity ratio of 2.70, a current ratio of 1.04 and a quick ratio of 1.04. 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 earnings results on Thursday, February 27th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $186.60 million for the quarter, compared to analyst estimates of $183.02 million. As a group, equities analysts forecast that Thryv Holdings, Inc. will post -2.24 earnings per share for the current fiscal year.

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.