November 17, 2016 - By Darrin Black · 0 Comments
The stock of Triumph Group Incorporated (NYSE:TGI) registered a decrease of 10.31% in short interest. TGI’s total short interest was 5.92M shares in November as published by FINRA. Its down 10.31% from 6.60 million shares, reported previously. With 622,100 shares average volume, it will take short sellers 10 days to cover their TGI’s short positions. The short interest to Triumph Group Incorporated’s float is 13.03%. The stock closed at $28.15 during the last session. It is down 21.21% since April 15, 2016 and is downtrending. It has underperformed by 25.84% the S&P500.
Triumph Group, Inc. designs, engineers, makes, repairs, overhauls and distributes a portfolio of aircraft components, accessories, subassemblies and systems. The company has a market cap of $1.30 billion.
Insitutional Activity: The institutional sentiment decreased to 1.17 in 2016 Q2. Its down 0.05, from 1.22 in 2016Q1. The ratio turned negative, as 26 funds sold all Triumph Group Inc shares owned while 67 reduced positions. 36 funds bought stakes while 73 increased positions. They now own 45.95 million shares or 4.80% more from 43.84 million shares in 2016Q1.
Ellington Group Limited Com holds 0.63% of its portfolio in Triumph Group Inc (NYSE:TGI) for 12,700 shares. Price T Rowe Associates Md, a Maryland-based fund reported 2.40 million shares. Arizona State Retirement Systems, a Arizona-based fund reported 19,357 shares. The Minnesota-based Leuthold Gru Ltd Co has invested 0.16% in Triumph Group Inc (NYSE:TGI). Blackrock holds 46,369 shares or 0% of its portfolio. Janney Montgomery Scott Limited Co accumulated 0.02% or 28,007 shares. Weaver C Barksdale Assocs Incorporated accumulated 459 shares or 0.03% of the stock. Nationwide Fund Advsr accumulated 0.02% or 132,916 shares. Strs Ohio owns 2,400 shares or 0% of their US portfolio. Moreover, Los Angeles Cap Management Equity has 0.02% invested in Triumph Group Inc (NYSE:TGI) for 62,024 shares. Royal Natl Bank Of Canada holds 401,331 shares or 0.01% of its portfolio. Amica Pension Fund Board Of Trustees has invested 0.44% of its portfolio in Triumph Group Inc (NYSE:TGI). Spot Trading Ltd Company owns 8,311 shares or 0.01% of their US portfolio. Moreover, Barclays Public Limited Company has 0% invested in Triumph Group Inc (NYSE:TGI) for 966 shares. Aqr Capital Limited Liability Company owns 14,423 shares or 0% of their US portfolio.
Insider Transactions: Since November 7, 2016, the stock had 3 insider purchases, and 0 insider sales for $1.58 million net activity. 2,000 Triumph Group Inc (NYSE:TGI) shares with value of $50,250 were bought by LOVELY RICHARD. Holzthum Thomas K bought $255,000 worth of stock. Crowley Daniel J bought 50,000 shares worth $1.28 million.
Out of 12 analysts covering Triumph Group (NYSE:TGI), 5 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 42% are positive. Triumph Group has been the topic of 23 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The stock of Triumph Group Inc (NYSE:TGI) has “Buy” rating given on Friday, October 2 by Sterne Agee CRT. The rating was upgraded by Bank of America on Monday, February 22 to “Buy”. Deutsche Bank downgraded Triumph Group Inc (NYSE:TGI) on Tuesday, November 15 to “Hold” rating. The company was maintained on Monday, May 9 by Goldman Sachs. The stock of Triumph Group Inc (NYSE:TGI) has “Outperform” rating given on Friday, January 29 by RBC Capital Markets. The company was maintained on Thursday, July 30 by RBC Capital Markets. The rating was initiated by Robert W. Baird with “Underperform” on Thursday, October 6. The stock of Triumph Group Inc (NYSE:TGI) has “Buy” rating given on Monday, June 13 by Deutsche Bank. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, October 13.
Triumph Group, Inc. (Triumph), incorporated on March 11, 1993, designs, engineers, makes, repairs, overhauls and distributes a portfolio of aerostructures, aircraft components, accessories, subassemblies and systems. The Firm serves a spectrum of the aviation industry, including original equipment manufacturers (OEMs) of commercial, regional, business and military aircraft and aircraft components, as well as commercial and regional airlines and air cargo carriers. The Firm offers a range of services and products to the aerospace industry through three divisions: Triumph Aerostructures Group, whose companies are engaged in the design, manufacture, assembly and integration of metallic and composite aerostructures and structural components for the aerospace OEM market; Triumph Aerospace Systems Group, whose companies design, engineer and manufacture a range of build-to-print components, assemblies and systems also for the OEM market, and Triumph Aftermarket Services Group, whose companies serve aircraft fleets, such as commercial airlines, the United States military and cargo carriers, through the maintenance, repair and overhaul (MRO) of aircraft components and accessories manufactured by third parties.
More notable recent Triumph Group Inc (NYSE:TGI) news were published by: Fool.com which released: “Is Triumph Group, Inc. Stock a Buy Right Now?” on March 29, 2016, also Fool.com with their article: “The 3 Biggest Challenges Facing Triumph Group, Inc. Stock” published on March 16, 2016, Nasdaq.com published: “Triumph Group Inc (TGI) President & CEO Daniel J Crowley Bought $â€“.’ million …” on November 10, 2016. More interesting news about Triumph Group Inc (NYSE:TGI) were released by: Moodys.com and their article: “Moody’s downgrades Triumph Group, Inc. ratings: CFR to Ba3, outlook is negative” published on October 17, 2016 as well as Fool.com‘s news article titled: “Why Shares of Triumph Group Plunged 18% Today” with publication date: July 28, 2016.
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By Darrin Black