Triumph Group, Inc. (NYSE:TGI) Shares Sold by Maple Rock Capital Partners Inc.

Maple Rock Capital Partners Inc. reduced its position in Triumph Group, Inc. (NYSE:TGI - Free Report) by 10.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,323,178 shares of the aerospace company's stock after selling 376,000 shares during the quarter. Triumph Group accounts for approximately 1.2% of Maple Rock Capital Partners Inc.'s holdings, making the stock its 16th biggest holding. Maple Rock Capital Partners Inc. owned approximately 4.30% of Triumph Group worth $42,836,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in Triumph Group in the 2nd quarter worth about $41,000. DekaBank Deutsche Girozentrale purchased a new stake in Triumph Group in the 1st quarter worth about $56,000. CWM LLC raised its position in Triumph Group by 473.7% in the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company's stock worth $79,000 after purchasing an additional 4,249 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Triumph Group during the second quarter worth approximately $125,000. Finally, International Assets Investment Management LLC increased its position in shares of Triumph Group by 1,189.0% during the third quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company's stock worth $133,000 after acquiring an additional 9,512 shares during the period. 94.53% of the stock is owned by hedge funds and other institutional investors.

Triumph Group Stock Up 2.0 %

Shares of NYSE TGI traded up $0.37 during midday trading on Wednesday, reaching $19.32. 717,522 shares of the company's stock traded hands, compared to its average volume of 873,789. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 2.78 and a beta of 2.52. Triumph Group, Inc. has a one year low of $11.01 and a one year high of $19.71. The stock's 50 day simple moving average is $15.60 and its 200-day simple moving average is $14.96.

Analysts Set New Price Targets

TGI has been the topic of a number of research reports. Jefferies Financial Group reaffirmed a "hold" rating and set a $14.00 target price (down from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. StockNews.com raised shares of Triumph Group from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Bank of America lowered shares of Triumph Group from a "buy" rating to an "underperform" rating and reduced their target price for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. TD Cowen raised their target price on shares of Triumph Group from $14.00 to $20.00 and gave the stock a "hold" rating in a research report on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lowered shares of Triumph Group from a "neutral" rating to an "underweight" rating and reduced their target price for the stock from $15.00 to $12.00 in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $16.67.

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.