What’s Ahead for Triumph Group Inc (NYSE:TGI) After More Shorted Shares?

September 30, 2018 - By Palma Niemeyer

Triumph Group, Inc. (NYSE:TGI) Logo

Investors sentiment decreased to 0.91 in 2018 Q2. Its down 0.21, from 1.12 in 2018Q1. It fall, as 33 investors sold Triumph Group, Inc. shares while 46 reduced holdings. 18 funds opened positions while 54 raised stakes. 50.39 million shares or 0.44% more from 50.17 million shares in 2018Q1 were reported.
The Arizona-based Arizona State Retirement Systems has invested 0.01% in Triumph Group, Inc. (NYSE:TGI). Tower Capital Limited Co (Trc) accumulated 0% or 1,258 shares. State Of New Jersey Common Pension Fund D invested 0.06% in Triumph Group, Inc. (NYSE:TGI). Philadelphia Trust holds 57,690 shares or 0.1% of its portfolio. 131,451 are held by Utd Services Automobile Association. Nj State Employees Deferred Compensation Plan invested in 27,000 shares. Gemmer Asset Mngmt Ltd Liability Co, California-based fund reported 139 shares. Lsv Asset reported 2.33 million shares. Price T Rowe Assoc Md reported 0.01% stake. Raymond James Associates accumulated 152,650 shares. Alliancebernstein L P owns 0% invested in Triumph Group, Inc. (NYSE:TGI) for 73,190 shares. Manufacturers Life Insurance The reported 36,773 shares. Moreover, Jpmorgan Chase & Co has 0% invested in Triumph Group, Inc. (NYSE:TGI). Snow Management Limited Partnership has invested 0.07% in Triumph Group, Inc. (NYSE:TGI). 68,223 were accumulated by Great West Life Assurance Can.

Since September 12, 2018, it had 0 buys, and 1 sale for $121,000 activity.

The stock of Triumph Group Inc (NYSE:TGI) registered an increase of 0.3% in short interest. TGI’s total short interest was 7.64M shares in September as published by FINRA. Its up 0.3% from 7.62 million shares, reported previously. With 498,600 shares average volume, it will take short sellers 15 days to cover their TGI’s short positions. The short interest to Triumph Group Inc’s float is 15.73%.

The stock increased 2.64% or $0.6 during the last trading session, reaching $23.3. About 400,292 shares traded. Triumph Group, Inc. (NYSE:TGI) has declined 19.07% since September 30, 2017 and is downtrending. It has underperformed by 34.69% the S&P500.

Triumph Group, Inc. designs, engineers, makes, repairs, overhauls, and distributes aero structures, aircraft components, accessories, subassemblies, and systems worldwide. The company has market cap of $1.16 billion. The firm operates through four divisions: Integrated Systems, Aerospace Structures, Precision Components, and Product Support. It currently has negative earnings. It offers aircraft and engine mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers, as well as offers processing services.

Triumph Group, Inc. (NYSE:TGI) Ratings Coverage

Among 7 analysts covering Triumph Group (NYSE:TGI), 1 have Buy rating, 2 Sell and 4 Hold. Therefore 14% are positive. Triumph Group had 7 analyst reports since April 6, 2018 according to SRatingsIntel. The stock of Triumph Group, Inc. (NYSE:TGI) earned “Neutral” rating by Robert W. Baird on Friday, May 11. Barclays Capital maintained Triumph Group, Inc. (NYSE:TGI) on Tuesday, September 4 with “Equal-Weight” rating. The stock has “Hold” rating by SunTrust on Monday, April 23. The firm has “Underperform” rating given on Wednesday, August 15 by Bank of America. The firm has “Buy” rating by RBC Capital Markets given on Friday, April 6. As per Wednesday, April 18, the company rating was maintained by Canaccord Genuity.

More important recent Triumph Group, Inc. (NYSE:TGI) news were published by: Bizjournals.com which released: “Publicly-traded Triumph Group hires new general counsel” on September 27, 2018, also Seekingalpha.com published article titled: “Triumph wins contract extensions for HELLFIRE Romeo missile components”, Bizjournals.com published: “It’s confirmed: Hundreds of new manufacturing jobs coming to DFW after Boeing wins $9.2B award” on September 27, 2018. More interesting news about Triumph Group, Inc. (NYSE:TGI) was released by: Businesswire.com and their article: “Jennifer Allen Joins Triumph Group as General Counsel” with publication date: September 24, 2018.

Triumph Group, Inc. (NYSE:TGI) Institutional Positions Chart

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