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 the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Sterling Capital Management LLC boosted its stake in 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 purchasing an additional 2,091 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Triumph Group by 58.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company's stock worth $126,000 after buying an additional 2,484 shares during the period. Brevan Howard Capital Management LP boosted its position in shares of Triumph Group by 17.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock worth $230,000 after buying an additional 1,798 shares during the period. Capula Management Ltd acquired a new position in Triumph Group during the fourth quarter valued at $297,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Triumph Group in the 4th quarter worth about $310,000. 94.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Triumph Group news, CAO Jennifer H. Allen sold 35,000 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the sale, the chief accounting officer now owns 51,696 shares in the company, valued at $1,308,942.72. This represents a 40.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.31% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TGI shares. JPMorgan Chase & Co. upgraded shares of Triumph Group from an "underweight" rating to a "neutral" rating and upped their price objective for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. Wall Street Zen started coverage on shares of Triumph Group in a research report on Tuesday, May 20th. They set a "hold" rating for the company. Finally, Wolfe Research cut Triumph Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $20.63.

Triumph Group Price Performance

Shares of TGI stock traded up $0.07 on Monday, reaching $25.94. 4,200,977 shares of the company were exchanged, compared to its average volume of 1,232,474. The company has a 50-day moving average of $25.36 and a 200-day moving average of $22.99. The company has a market cap of $2.01 billion, a price-to-earnings ratio of 3.60 and a beta of 2.30. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $25.96.

Triumph Group (NYSE:TGI - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.17. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. The business had revenue of $377.90 million for the quarter, compared to analysts' expectations of $334.04 million. During the same period last year, the business earned $0.31 EPS. The business's revenue was up 5.4% on a year-over-year basis. As a group, sell-side analysts predict that Triumph Group, Inc. will post 0.68 EPS for the current year.

About Triumph Group

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.