Hudson Bay Capital Management LP Makes New $2.57 Million Investment in Triumph Group, Inc. (NYSE:TGI)

Hudson Bay Capital Management LP bought a new stake in Triumph Group, Inc. (NYSE:TGI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 137,815 shares of the aerospace company's stock, valued at approximately $2,572,000. Hudson Bay Capital Management LP owned approximately 0.18% of Triumph Group as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its holdings in Triumph Group by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 2,091 shares in the last quarter. Brevan Howard Capital Management LP raised its holdings in Triumph Group by 17.1% during the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock worth $230,000 after purchasing an additional 1,798 shares in the last quarter. Capula Management Ltd acquired a new stake in Triumph Group during the fourth quarter worth approximately $297,000. Cornerstone Wealth Management LLC raised its holdings in Triumph Group by 3.8% during the fourth quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock worth $298,000 after purchasing an additional 580 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Triumph Group during the fourth quarter worth approximately $310,000. Institutional investors and hedge funds own 94.53% of the company's stock.

Insider Activity at Triumph Group

In related news, CAO Jennifer H. Allen sold 35,000 shares of Triumph Group stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $25.32, for a total value of $886,200.00. Following the transaction, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. This trade represents a 40.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.31% of the stock is currently owned by insiders.

Triumph Group Stock Up 0.0%

NYSE:TGI traded up $0.01 during midday trading on Friday, reaching $25.68. The stock had a trading volume of 907,405 shares, compared to its average volume of 1,234,295. The firm has a fifty day simple moving average of $25.26 and a two-hundred day simple moving average of $21.96. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $25.75. The stock has a market cap of $1.99 billion, a P/E ratio of 3.57 and a beta of 2.34.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TGI. Barclays cut shares of Triumph Group from an "overweight" rating to an "equal weight" rating and raised their price objective for the stock from $21.00 to $26.00 in a report on Thursday, February 6th. Truist Financial raised their price objective on shares of Triumph Group from $19.00 to $26.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Wolfe Research cut shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. JPMorgan Chase & Co. raised shares of Triumph Group from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $17.00 to $26.00 in a report on Tuesday, April 15th. Finally, Baird R W lowered shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Triumph Group currently has an average rating of "Hold" and a consensus price target of $20.63.

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.