What’s in Triumph Group Inc (NYSE:TGI) After Rise in Shorted Shares?

July 13, 2018 - By Elizabeth Jones

Triumph Group, Inc. (NYSE:TGI) Logo

Investors sentiment decreased to 1.12 in Q1 2018. Its down 0.02, from 1.14 in 2017Q4. It dropped, as 22 investors sold Triumph Group, Inc. shares while 55 reduced holdings. 22 funds opened positions while 64 raised stakes. 50.17 million shares or 1.67% more from 49.35 million shares in 2017Q4 were reported.
Euclidean Tech Ltd Liability Corporation has invested 1.77% of its portfolio in Triumph Group, Inc. (NYSE:TGI). State Of Alaska Department Of Revenue reported 16,033 shares. Hsbc Public Limited stated it has 32,762 shares or 0% of all its holdings. Missouri-based Stifel Fincl Corp has invested 0.07% in Triumph Group, Inc. (NYSE:TGI). Wealthtrust Axiom Limited Liability Corporation owns 101,886 shares for 0.94% of their portfolio. Advsr Asset Mngmt has invested 0.02% in Triumph Group, Inc. (NYSE:TGI). Alliancebernstein Limited Partnership reported 73,190 shares. Wells Fargo & Com Mn invested in 168,813 shares or 0% of the stock. California Public Employees Retirement Systems reported 0.01% of its portfolio in Triumph Group, Inc. (NYSE:TGI). Envestnet Asset stated it has 0% in Triumph Group, Inc. (NYSE:TGI). Amer Gp accumulated 31,224 shares. Citigroup accumulated 0% or 592 shares. Van Den Berg Management I reported 35,610 shares or 0.11% of all its holdings. Foundry Ptnrs Limited Liability Corp reported 0.24% stake. Martingale Asset Lp invested 0.02% of its portfolio in Triumph Group, Inc. (NYSE:TGI).

Since March 8, 2018, it had 0 insider purchases, and 1 sale for $102,585 activity.

The stock of Triumph Group Inc (NYSE:TGI) registered an increase of 13.43% in short interest. TGI’s total short interest was 9.72 million shares in July as published by FINRA. Its up 13.43% from 8.57M shares, reported previously. With 636,900 shares average volume, it will take short sellers 15 days to cover their TGI’s short positions. The short interest to Triumph Group Inc’s float is 20.06%.

The stock increased 1.91% or $0.38 during the last trading session, reaching $19.98. About 153,986 shares traded. Triumph Group, Inc. (NYSE:TGI) has declined 33.48% since July 13, 2017 and is downtrending. It has underperformed by 46.05% the S&P500.

Triumph Group, Inc. designs, engineers, makes, repairs, overhauls, and distributes aero structures, aircraft components, accessories, subassemblies, and systems worldwide. The company has market cap of $993.15 million. The firm operates through four divisions: Integrated Systems, Aerospace Structures, Precision Components, and Product Support. It currently has negative earnings. It offers aircraft and engine mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers, as well as offers processing services.

Triumph Group, Inc. (NYSE:TGI) Ratings Coverage

Among 5 analysts covering Triumph Group (NYSE:TGI), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Triumph Group had 9 analyst reports since January 23, 2018 according to SRatingsIntel. On Monday, April 23 the stock rating was maintained by SunTrust with “Hold”. Robert W. Baird maintained the shares of TGI in report on Friday, February 2 with “Buy” rating. Robert W. Baird downgraded Triumph Group, Inc. (NYSE:TGI) on Friday, May 11 to “Neutral” rating. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, January 23. The rating was maintained by Canaccord Genuity on Thursday, February 1 with “Hold”. Canaccord Genuity maintained Triumph Group, Inc. (NYSE:TGI) on Wednesday, April 18 with “Hold” rating. On Friday, April 6 the stock rating was maintained by RBC Capital Markets with “Buy”. SunTrust maintained Triumph Group, Inc. (NYSE:TGI) rating on Thursday, February 1. SunTrust has “Hold” rating and $28.0 target.

Another recent and important Triumph Group, Inc. (NYSE:TGI) news was published by Businesswire.com which published an article titled: “Triumph Expands Military Nacelle MRO Support” on June 28, 2018.

Triumph Group, Inc. (NYSE:TGI) Institutional Positions Chart

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