Ancient Art L.P. Has $9.44 Million Position in Thryv Holdings, Inc. $THRY

Ancient Art L.P. grew its holdings in Thryv Holdings, Inc. (NASDAQ:THRY) by 19.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,560,908 shares of the company’s stock after purchasing an additional 251,449 shares during the quarter. Thryv comprises 2.1% of Ancient Art L.P.’s portfolio, making the stock its 11th biggest holding. Ancient Art L.P. owned approximately 3.58% of Thryv worth $9,443,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Paulson & CO. Inc. grew its position in shares of Thryv by 1.6% in the fourth quarter. Paulson & CO. Inc. now owns 4,347,070 shares of the company’s stock valued at $26,300,000 after purchasing an additional 67,070 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Thryv by 213.5% in the fourth quarter. AQR Capital Management LLC now owns 311,390 shares of the company’s stock valued at $1,884,000 after purchasing an additional 212,075 shares during the last quarter. Jain Global LLC acquired a new stake in shares of Thryv in the fourth quarter valued at about $162,000. Trexquant Investment LP grew its position in shares of Thryv by 171.8% in the fourth quarter. Trexquant Investment LP now owns 415,302 shares of the company’s stock valued at $2,513,000 after purchasing an additional 262,482 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Thryv in the fourth quarter valued at about $175,000. 96.38% of the stock is owned by institutional investors and hedge funds.

Thryv Stock Down 7.1%

Shares of THRY opened at $3.53 on Thursday. The stock has a market cap of $156.56 million, a price-to-earnings ratio of 11.03 and a beta of 0.93. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 1.03. Thryv Holdings, Inc. has a 12 month low of $1.91 and a 12 month high of $14.28. The company has a 50-day moving average price of $3.56 and a two-hundred day moving average price of $4.13.

Thryv (NASDAQ:THRY) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.16. Thryv had a net margin of 1.88% and a return on equity of 6.58%. The firm had revenue of $167.68 million during the quarter, compared to analysts’ expectations of $161.69 million. Equities analysts predict that Thryv Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on THRY. Needham & Company LLC lowered their price target on Thryv from $14.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Weiss Ratings upgraded shares of Thryv from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Royal Bank Of Canada reduced their target price on shares of Thryv from $13.00 to $7.00 and set a “sector perform” rating for the company in a research note on Friday, February 20th. Finally, Zacks Research upgraded shares of Thryv from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Thryv has a consensus rating of “Hold” and an average target price of $9.50.

About Thryv

Thryv Holdings, Inc (NASDAQ:THRY) is a software and technology solutions provider focused on helping small- and medium-sized businesses manage customer relationships, marketing and communications, appointments and payments through a unified platform. Headquartered in Dallas, Texas, the company delivers cloud-based software designed to simplify administrative tasks and enable business owners to engage with customers across multiple channels.

At the core of Thryv’s offerings is its flagship Thryv software platform, which combines customer relationship management (CRM) tools, automated marketing and social media management, online scheduling, invoicing and payment processing.