Short Interest in Triumph Group, Inc. (NYSE:TGI) Expands By 42.8%

Triumph Group, Inc. (NYSE:TGI - Get Free Report) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 5,440,000 shares, an increase of 42.8% from the February 28th total of 3,810,000 shares. Approximately 7.2% of the shares of the company are sold short. Based on an average daily volume of 1,680,000 shares, the days-to-cover ratio is presently 3.2 days.

Triumph Group Trading Down 0.7 %

Shares of Triumph Group stock traded down $0.19 during mid-day trading on Thursday, reaching $25.35. 620,650 shares of the stock were exchanged, compared to its average volume of 1,750,824. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 3.52 and a beta of 2.53. The firm has a 50-day simple moving average of $24.43 and a 200 day simple moving average of $19.34. Triumph Group has a fifty-two week low of $11.01 and a fifty-two week high of $25.55.

Triumph Group (NYSE:TGI - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The aerospace company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. Triumph Group had a negative return on equity of 55.18% and a net margin of 45.08%. On average, research analysts predict that Triumph Group will post 0.68 EPS for the current fiscal year.

Insider Activity

In other news, CAO Jennifer H. Allen sold 35,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $25.32, for a total transaction of $886,200.00. Following the completion of the transaction, the chief accounting officer now directly owns 51,696 shares in the company, valued at $1,308,942.72. The trade was a 40.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.31% of the company's stock.

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Hedge Funds Weigh In On Triumph Group

Several institutional investors and hedge funds have recently made changes to their positions in TGI. Sterling Capital Management LLC lifted its stake in Triumph Group by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 2,351 shares of the aerospace company's stock valued at $44,000 after acquiring an additional 2,091 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Triumph Group by 58.1% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,761 shares of the aerospace company's stock valued at $126,000 after acquiring an additional 2,484 shares during the last quarter. Brevan Howard Capital Management LP increased its position in shares of Triumph Group by 17.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 12,306 shares of the aerospace company's stock valued at $230,000 after acquiring an additional 1,798 shares during the last quarter. Centiva Capital LP bought a new stake in Triumph Group during the third quarter worth about $255,000. Finally, Capula Management Ltd acquired a new position in Triumph Group during the fourth quarter valued at approximately $297,000. Institutional investors and hedge funds own 94.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Baird R W lowered shares of Triumph Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Barclays cut Triumph Group from an "overweight" rating to an "equal weight" rating and upped their price target for the company from $21.00 to $26.00 in a report on Thursday, February 6th. TD Cowen upgraded Triumph Group to a "hold" rating in a research report on Thursday, December 19th. Robert W. Baird restated a "neutral" rating and set a $26.00 price objective (up from $20.00) on shares of Triumph Group in a research report on Tuesday, February 4th. Finally, StockNews.com started coverage on shares of Triumph Group in a report on Wednesday. They issued a "hold" rating on the stock. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company's stock. According to data from MarketBeat, Triumph Group currently has an average rating of "Hold" and an average price target of $18.88.

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.