Jane Street Group LLC Trims Stock Holdings in Triumph Group, Inc. (NYSE:TGI)

Jane Street Group LLC reduced its stake in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 78.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,206 shares of the aerospace company's stock after selling 130,404 shares during the period. Jane Street Group LLC's holdings in Triumph Group were worth $467,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in Triumph Group by 4.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company's stock valued at $545,000 after purchasing an additional 1,405 shares during the last quarter. MetLife Investment Management LLC increased its holdings in Triumph Group by 5.3% in the 3rd quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company's stock worth $526,000 after buying an additional 2,043 shares during the period. Quest Partners LLC purchased a new position in Triumph Group during the 2nd quarter worth approximately $41,000. GSA Capital Partners LLP boosted its holdings in shares of Triumph Group by 14.1% in the 3rd quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company's stock valued at $340,000 after acquiring an additional 3,253 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Triumph Group by 2.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,773 shares of the aerospace company's stock worth $2,098,000 after acquiring an additional 3,995 shares during the period. 94.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TGI has been the topic of several recent research reports. TD Cowen raised shares of Triumph Group to a "hold" rating in a report on Thursday, December 19th. StockNews.com upgraded Triumph Group from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Truist Financial upped their price objective on Triumph Group from $12.00 to $18.00 and gave the stock a "hold" rating in a research report on Wednesday, November 13th. Barclays lifted their price target on Triumph Group from $16.00 to $21.00 and gave the company an "overweight" rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. downgraded shares of Triumph Group from a "neutral" rating to an "underweight" rating and decreased their price objective for the company from $15.00 to $12.00 in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $16.67.

Triumph Group Stock Up 0.9 %

Shares of TGI traded up $0.16 during midday trading on Tuesday, reaching $18.71. The company had a trading volume of 549,703 shares, compared to its average volume of 377,701. The firm has a 50 day simple moving average of $17.90 and a 200-day simple moving average of $15.66. The stock has a market cap of $1.45 billion, a PE ratio of 2.75 and a beta of 2.53. Triumph Group, Inc. has a 1-year low of $11.01 and a 1-year high of $19.71.

Triumph Group Company 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.