Squarepoint Ops LLC Sells 23,361 Shares of Triumph Group, Inc. (NYSE:TGI)

Squarepoint Ops LLC cut its stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 66.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,797 shares of the aerospace company's stock after selling 23,361 shares during the quarter. Squarepoint Ops LLC's holdings in Triumph Group were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC raised its position in shares of Triumph Group by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock worth $44,000 after acquiring an additional 2,091 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Triumph Group by 58.1% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company's stock worth $126,000 after acquiring an additional 2,484 shares in the last quarter. Brevan Howard Capital Management LP raised its position in shares of Triumph Group by 17.1% in the 4th quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock worth $230,000 after acquiring an additional 1,798 shares in the last quarter. Capula Management Ltd bought a new position in shares of Triumph Group in the 4th quarter worth approximately $297,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Triumph Group in the 4th quarter worth approximately $310,000. Hedge funds and other institutional investors own 94.53% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TGI. JPMorgan Chase & Co. raised Triumph Group from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $17.00 to $26.00 in a research report on Tuesday, April 15th. Wall Street Zen began coverage on Triumph Group in a research report on Tuesday, May 20th. They issued a "hold" rating for the company. One research analyst has rated the stock with a sell rating and ten have given a hold rating to the company's stock. Based on data from MarketBeat, Triumph Group has a consensus rating of "Hold" and an average price target of $20.63.

Insiders Place Their Bets

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total value of $886,200.00. Following the completion of the sale, the chief accounting officer now owns 51,696 shares of the company's stock, valued at approximately $1,308,942.72. This trade represents a 40.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.31% of the company's stock.

Triumph Group Price Performance

TGI stock traded up $0.01 on Wednesday, reaching $25.88. 1,451,116 shares of the company traded hands, compared to its average volume of 1,244,734. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $25.96. The company has a market cap of $2.01 billion, a P/E ratio of 3.59 and a beta of 2.31. The firm has a fifty day simple moving average of $25.39 and a 200-day simple moving average of $23.08.

Triumph Group (NYSE:TGI - Get Free Report) last posted its earnings results on Wednesday, May 28th. The aerospace company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.17. The business had revenue of $377.90 million during the quarter, compared to analyst estimates of $334.04 million. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. The company's quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.31 EPS. On average, sell-side analysts forecast that Triumph Group, Inc. will post 0.68 EPS for the current year.

Triumph Group Company Profile

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aircraft, aircraft components, accessories, subassemblies, and systems worldwide. It operates in two segments, Triumph Systems & Support, and Triumph Interiors. The company offers aircraft and engine-mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, control system valve bodies, landing gear actuation systems, electronic engine controls, landing gear components and assemblies, cyber protected process controllers, main engine gearbox assemblies, geared transmissions and drive train components, main fuel pumps, fuel-metering units, primary and secondary flight control systems, and vibration absorbers.