Jane Street Group LLC Purchases 85,933 Shares of Triumph Group, Inc. (NYSE:TGI)

Jane Street Group LLC increased its position in Triumph Group, Inc. (NYSE:TGI - Free Report) by 237.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,139 shares of the aerospace company's stock after buying an additional 85,933 shares during the period. Jane Street Group LLC owned about 0.16% of Triumph Group worth $2,279,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Sterling Capital Management LLC increased its position in shares of Triumph Group by 804.2% in the fourth 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. Capula Management Ltd bought a new stake in Triumph Group in the 4th quarter valued at about $297,000. Cornerstone Wealth Management LLC lifted its position in Triumph Group by 3.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,964 shares of the aerospace company's stock valued at $298,000 after purchasing an additional 580 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Triumph Group during the 4th quarter worth about $310,000. Finally, Jump Financial LLC bought a new stake in shares of Triumph Group during the 4th quarter worth about $430,000. Institutional investors and hedge funds own 94.53% of the company's stock.

Insider Buying and Selling

In related news, CAO Jennifer H. Allen sold 35,000 shares of the firm's 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TGI has been the topic of several analyst reports. Barclays downgraded shares of Triumph Group from an "overweight" rating to an "equal weight" rating and lifted their target price for the stock from $21.00 to $26.00 in a research report on Thursday, February 6th. StockNews.com initiated coverage on shares of Triumph Group in a research report on Monday, May 12th. They set a "hold" rating on the stock. JPMorgan Chase & Co. raised shares of Triumph Group from an "underweight" rating to a "neutral" rating and upped their target price for the company from $17.00 to $26.00 in a research note on Tuesday, April 15th. Wolfe Research lowered shares of Triumph Group from an "outperform" rating to a "peer perform" rating in a report on Monday, February 10th. Finally, Baird R W downgraded Triumph Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $20.63.

Triumph Group Price Performance

TGI traded up $0.02 during mid-day trading on Monday, hitting $25.69. The stock had a trading volume of 562,099 shares, compared to its average volume of 1,233,840. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $25.75. The stock's fifty day simple moving average is $25.26 and its 200-day simple moving average is $22.06. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of 3.57 and a beta of 2.34.

Triumph Group 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.