Jump Financial LLC Raises Position in Triumph Group, Inc. (NYSE:TGI)

Jump Financial LLC lifted its stake in shares of Triumph Group, Inc. (NYSE:TGI) by 145.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,764 shares of the aerospace company’s stock after acquiring an additional 28,310 shares during the period. Jump Financial LLC owned 0.07% of Triumph Group worth $991,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CWM Advisors LLC grew its stake in Triumph Group by 3.1% during the second quarter. CWM Advisors LLC now owns 19,404 shares of the aerospace company’s stock worth $403,000 after buying an additional 588 shares during the period. Ethic Inc. raised its position in Triumph Group by 6.6% in the first quarter. Ethic Inc. now owns 11,051 shares of the aerospace company’s stock valued at $203,000 after purchasing an additional 683 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Triumph Group by 1.3% during the second quarter. Alliancebernstein L.P. now owns 63,150 shares of the aerospace company’s stock worth $1,310,000 after purchasing an additional 800 shares in the last quarter. Swiss National Bank boosted its position in shares of Triumph Group by 1.2% in the first quarter. Swiss National Bank now owns 119,100 shares of the aerospace company’s stock worth $2,189,000 after buying an additional 1,400 shares during the period. Finally, Mutual of America Capital Management LLC grew its stake in shares of Triumph Group by 24.3% in the second quarter. Mutual of America Capital Management LLC now owns 8,673 shares of the aerospace company’s stock valued at $180,000 after buying an additional 1,698 shares in the last quarter. 92.53% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on TGI shares. UBS Group raised Triumph Group from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Friday, August 6th. Credit Suisse Group raised their price target on shares of Triumph Group from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, August 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Triumph Group has an average rating of “Buy” and a consensus price target of $17.67.

In related news, Director Richard A. Goglia sold 24,788 shares of Triumph Group stock in a transaction dated Friday, August 20th. The stock was sold at an average price of $17.49, for a total value of $433,542.12. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.70% of the company’s stock.

Shares of Triumph Group stock opened at $19.06 on Thursday. The stock has a 50-day simple moving average of $18.65 and a 200-day simple moving average of $18.63. Triumph Group, Inc. has a 52-week low of $6.15 and a 52-week high of $22.71. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -5.18, a P/E/G ratio of 12.97 and a beta of 3.30.

Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, August 4th. The aerospace company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.04. The business had revenue of $396.70 million during the quarter, compared to analysts’ expectations of $395.69 million. Triumph Group had a negative net margin of 11.60% and a negative return on equity of 1.28%. The firm’s revenue was down 19.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.19) earnings per share. On average, equities research analysts predict that Triumph Group, Inc. will post 0.51 EPS for the current year.

Triumph Group Profile

Triumph Group, Inc engages in the designing, engineering, manufacturing, repairing and overhauling of aerospace and defense systems, components and structures. It operates through the following three segments: Triumph Integrated Systems, Triumph Aerospace Structures and Triumph Product Support. The Triumph Integrated Systems segment engages in designing, development and supporting proprietary components, subsystems and systems, as well as production of complex assemblies using external designs.

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Institutional Ownership by Quarter for Triumph Group (NYSE:TGI)

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