Connor Clark & Lunn Investment Management Ltd. Has $3.29 Million Stock Position in Triumph Group, Inc. (NYSE:TGI)

Connor Clark & Lunn Investment Management Ltd. lowered its position in shares of Triumph Group, Inc. (NYSE:TGI - Free Report) by 24.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 255,345 shares of the aerospace company's stock after selling 83,452 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.33% of Triumph Group worth $3,291,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TGI. Assenagon Asset Management S.A. grew its stake in Triumph Group by 140.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,031,717 shares of the aerospace company's stock valued at $13,299,000 after acquiring an additional 603,067 shares in the last quarter. Kennedy Capital Management LLC lifted its position in Triumph Group by 199.6% in the 1st quarter. Kennedy Capital Management LLC now owns 450,918 shares of the aerospace company's stock worth $6,782,000 after buying an additional 300,407 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Triumph Group by 318.2% during the 2nd quarter. Marshall Wace LLP now owns 324,778 shares of the aerospace company's stock valued at $5,005,000 after buying an additional 247,117 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Triumph Group by 85,638.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 187,768 shares of the aerospace company's stock valued at $2,894,000 after acquiring an additional 187,549 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in shares of Triumph Group by 12.5% in the second quarter. Point72 Asset Management L.P. now owns 1,516,707 shares of the aerospace company's stock worth $23,372,000 after acquiring an additional 168,607 shares during the last quarter. Hedge funds and other institutional investors own 94.53% of the company's stock.

Triumph Group Trading Down 1.6 %

TGI traded down $0.31 during midday trading on Monday, reaching $18.96. The company's stock had a trading volume of 864,398 shares, compared to its average volume of 878,232. The company has a fifty day simple moving average of $14.91 and a 200 day simple moving average of $14.78. The stock has a market cap of $1.47 billion, a P/E ratio of 2.78 and a beta of 2.48. Triumph Group, Inc. has a twelve month low of $10.65 and a twelve month high of $19.71.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Bank of America downgraded Triumph Group from a "buy" rating to an "underperform" rating and lowered their target price for the company from $17.00 to $12.00 in a research note on Tuesday, September 24th. The Goldman Sachs Group cut Triumph Group from a "buy" rating to a "neutral" rating and lowered their price target for the company from $19.00 to $15.00 in a research note on Tuesday, August 13th. TD Cowen raised their price objective on shares of Triumph Group from $14.00 to $20.00 and gave the company a "hold" rating in a research report on Wednesday, November 13th. Jefferies Financial Group restated a "hold" rating and set a $14.00 price target (down previously from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. Finally, Barclays raised their price target on shares of Triumph Group from $16.00 to $21.00 and gave the company an "overweight" rating in a report on Tuesday, November 19th. Two 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 data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price 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.