GAMMA Investing LLC Has $528,000 Position in Triumph Group, Inc. (NYSE:TGI)

GAMMA Investing LLC raised its stake in Triumph Group, Inc. (NYSE:TGI) by 3,263.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,855 shares of the aerospace company’s stock after purchasing an additional 20,235 shares during the period. GAMMA Investing LLC’s holdings in Triumph Group were worth $528,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TGI. Irenic Capital Management LP lifted its position in Triumph Group by 19.9% during the fourth quarter. Irenic Capital Management LP now owns 3,787,022 shares of the aerospace company’s stock worth $70,666,000 after purchasing an additional 628,296 shares during the period. Fisher Asset Management LLC increased its stake in shares of Triumph Group by 17.9% in the fourth quarter. Fisher Asset Management LLC now owns 1,829,860 shares of the aerospace company’s stock valued at $34,145,000 after buying an additional 277,333 shares during the period. First Trust Advisors LP increased its position in Triumph Group by 59.6% during the 4th quarter. First Trust Advisors LP now owns 1,702,245 shares of the aerospace company’s stock valued at $31,764,000 after purchasing an additional 635,568 shares during the period. American Century Companies Inc. acquired a new stake in Triumph Group during the 4th quarter valued at approximately $30,845,000. Finally, Norges Bank acquired a new stake in Triumph Group during the 4th quarter valued at approximately $15,945,000. Institutional investors own 94.53% of the company’s stock.

Triumph Group Trading Down 0.2%

Shares of TGI opened at $25.77 on Thursday. The company has a market cap of $2.00 billion, a PE ratio of 49.56 and a beta of 2.30. The stock has a 50-day moving average price of $25.50 and a 200-day moving average price of $23.31. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $25.96.

Triumph Group (NYSE:TGI) last released its earnings results on Wednesday, May 28th. The aerospace company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.17. The company had revenue of $377.90 million during the quarter, compared to the consensus estimate of $334.04 million. Triumph Group had a negative return on equity of 74.53% and a net margin of 3.24%. Triumph Group’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 EPS. As a group, analysts predict that Triumph Group, Inc. will post 0.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

TGI has been the topic of a number of research analyst reports. Wall Street Zen assumed coverage on Triumph Group in a report on Tuesday, May 20th. They set a “hold” rating on the stock. JPMorgan Chase & Co. raised Triumph Group from an “underweight” rating to a “neutral” rating and raised their target price for the company from $17.00 to $26.00 in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.63.

Triumph Group Profile

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.