Triumph Group, Inc. (NYSE:TGI) Position Trimmed by Algert Global LLC

Algert Global LLC reduced its stake in Triumph Group, Inc. (NYSE:TGI - Free Report) by 44.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,037 shares of the aerospace company's stock after selling 99,690 shares during the period. Algert Global LLC owned approximately 0.16% of Triumph Group worth $1,625,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its position in shares of Triumph Group by 9.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 69,298 shares of the aerospace company's stock worth $1,042,000 after purchasing an additional 6,103 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of Triumph Group by 98.3% during the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company's stock valued at $58,000 after acquiring an additional 1,922 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Triumph Group in the first quarter worth $56,000. CWM LLC increased its stake in Triumph Group by 473.7% during the second quarter. CWM LLC now owns 5,146 shares of the aerospace company's stock valued at $79,000 after purchasing an additional 4,249 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Triumph Group during the second quarter worth $349,000. Institutional investors and hedge funds own 94.53% of the company's stock.

Analysts Set New Price Targets

TGI has been the topic of several research reports. Bank of America lowered shares of Triumph Group from a "buy" rating to an "underperform" rating and dropped their price objective for the stock from $17.00 to $12.00 in a research note on Tuesday, September 24th. Jefferies Financial Group restated a "hold" rating and set a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. The Goldman Sachs Group downgraded Triumph Group from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $19.00 to $15.00 in a research note on Tuesday, August 13th. TD Cowen boosted their price target on shares of Triumph Group from $14.00 to $20.00 and gave the company a "hold" rating in a report on Wednesday, November 13th. Finally, Barclays upped their price target on shares of Triumph Group from $16.00 to $21.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $16.67.

Triumph Group Stock Down 3.2 %

Triumph Group stock traded down $0.62 during trading hours on Thursday, hitting $18.77. 538,989 shares of the company traded hands, compared to its average volume of 875,788. The firm's 50-day simple moving average is $15.04 and its two-hundred day simple moving average is $14.81. The firm has a market cap of $1.45 billion, a P/E ratio of 2.76 and a beta of 2.48. Triumph Group, Inc. has a 1-year low of $10.65 and a 1-year high of $19.71.

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.