Triumph Group, Inc. (NYSE:TGI) Shares Purchased by Dark Forest Capital Management LP

Dark Forest Capital Management LP boosted its stake in Triumph Group, Inc. (NYSE:TGI) by 341.7% in the 1st quarter, Holdings Channel reports. The firm owned 7,699 shares of the aerospace company’s stock after purchasing an additional 5,956 shares during the period. Dark Forest Capital Management LP’s holdings in Triumph Group were worth $89,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TGI. UBS Group AG boosted its position in Triumph Group by 112.9% in the 3rd quarter. UBS Group AG now owns 3,202 shares of the aerospace company’s stock valued at $27,000 after buying an additional 1,698 shares during the period. Point72 Hong Kong Ltd purchased a new position in Triumph Group in the 2nd quarter valued at approximately $53,000. Captrust Financial Advisors boosted its position in Triumph Group by 141.0% in the 1st quarter. Captrust Financial Advisors now owns 2,902 shares of the aerospace company’s stock valued at $73,000 after buying an additional 1,698 shares during the period. American Trust purchased a new position in Triumph Group in the 4th quarter valued at approximately $105,000. Finally, Acrisure Capital Management LLC purchased a new position in Triumph Group in the 4th quarter valued at approximately $136,000. Institutional investors and hedge funds own 99.65% of the company’s stock.

Insider Activity at Triumph Group

In related news, Director Neal J. Keating purchased 10,000 shares of Triumph Group stock in a transaction that occurred on Tuesday, August 15th. The stock was purchased at an average cost of $8.04 per share, with a total value of $80,400.00. Following the completion of the transaction, the director now directly owns 51,787 shares in the company, valued at $416,367.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on TGI. Bank of America cut shares of Triumph Group from a “buy” rating to an “underperform” rating and decreased their price target for the company from $19.00 to $8.00 in a research report on Friday, August 11th. Wolfe Research raised shares of Triumph Group from an “underperform” rating to a “peer perform” rating in a research report on Wednesday, August 2nd. Finally, StockNews.com assumed coverage on shares of Triumph Group in a research report on Thursday, August 17th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $10.80.

Triumph Group Trading Down 3.3 %

Triumph Group stock opened at $8.68 on Friday. The stock has a market cap of $665.84 million, a P/E ratio of 6.94, a price-to-earnings-growth ratio of 11.51 and a beta of 2.63. The company has a fifty day simple moving average of $10.42 and a 200-day simple moving average of $11.12. Triumph Group, Inc. has a 12-month low of $7.84 and a 12-month high of $13.33.

Triumph Group (NYSE:TGI) last released its quarterly earnings data on Wednesday, August 2nd. The aerospace company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.06). Triumph Group had a negative return on equity of 5.53% and a net margin of 6.43%. The firm had revenue of $327.15 million for the quarter, compared to analysts’ expectations of $322.57 million. During the same period last year, the firm posted $0.12 earnings per share. Triumph Group’s revenue for the quarter was down 6.4% on a year-over-year basis. As a group, sell-side analysts forecast that Triumph Group, Inc. will post 0.3 earnings per share for the current fiscal year.

About Triumph Group

Triumph Group, Inc designs, engineers, manufactures, repairs, overhauls, and distributes aerostructures, 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, exhaust nozzles and ducting, 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.