GSA Capital Partners LLP Purchases 3,253 Shares of Triumph Group, Inc. (NYSE:TGI)

GSA Capital Partners LLP increased its position in shares of Triumph Group, Inc. (NYSE:TGI) by 14.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,374 shares of the aerospace company’s stock after buying an additional 3,253 shares during the period. GSA Capital Partners LLP’s holdings in Triumph Group were worth $340,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Quest Partners LLC acquired a new position in shares of Triumph Group in the 2nd quarter valued at $41,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Triumph Group in the 1st quarter valued at $56,000. Lazard Asset Management LLC grew its holdings in shares of Triumph Group by 98.3% in the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 1,922 shares during the last quarter. CWM LLC lifted its holdings in Triumph Group by 473.7% during the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock valued at $79,000 after purchasing an additional 4,249 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Triumph Group in the second quarter valued at about $125,000. 94.53% of the stock is currently owned by institutional investors and hedge funds.

Triumph Group Price Performance

Shares of NYSE TGI opened at $19.24 on Friday. The company has a 50 day simple moving average of $14.79 and a 200 day simple moving average of $14.74. Triumph Group, Inc. has a 1 year low of $10.65 and a 1 year high of $19.71. The firm has a market cap of $1.49 billion, a PE ratio of 2.83 and a beta of 2.48.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Bank of America lowered Triumph Group from a “buy” rating to an “underperform” rating and decreased their price target for the stock from $17.00 to $12.00 in a research report on Tuesday, September 24th. Truist Financial upped their price target on shares of Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. Jefferies Financial Group restated a “hold” rating and issued a $14.00 price objective (down previously from $20.00) on shares of Triumph Group in a research report on Monday, August 12th. The Goldman Sachs Group lowered shares of Triumph Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $19.00 to $15.00 in a research report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and lowered their price target for the company from $15.00 to $12.00 in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.67.

Triumph Group Company 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.