Jane Street Group LLC Reduces Stock Holdings in Triumph Group, Inc. (NYSE:TGI)

Jane Street Group LLC lowered its position in Triumph Group, Inc. (NYSE:TGI) by 78.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,206 shares of the aerospace company’s stock after selling 130,404 shares during the quarter. Jane Street Group LLC’s holdings in Triumph Group were worth $467,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TGI. The Manufacturers Life Insurance Company boosted its stake in Triumph Group by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 35,340 shares of the aerospace company’s stock worth $545,000 after buying an additional 1,405 shares during the period. MetLife Investment Management LLC boosted its stake in Triumph Group by 5.3% during the third quarter. MetLife Investment Management LLC now owns 40,780 shares of the aerospace company’s stock worth $526,000 after buying an additional 2,043 shares during the period. Quest Partners LLC purchased a new position in Triumph Group during the second quarter worth about $41,000. GSA Capital Partners LLP boosted its stake in Triumph Group by 14.1% during the third quarter. GSA Capital Partners LLP now owns 26,374 shares of the aerospace company’s stock worth $340,000 after buying an additional 3,253 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Triumph Group by 2.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 162,773 shares of the aerospace company’s stock worth $2,098,000 after buying an additional 3,995 shares during the period. Hedge funds and other institutional investors own 94.53% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on TGI shares. Bank of America lowered shares of Triumph Group from a “buy” rating to an “underperform” rating and lowered their target price for the stock from $17.00 to $12.00 in a research note on Tuesday, September 24th. Truist Financial increased their target price on shares of Triumph Group from $12.00 to $18.00 and gave the stock a “hold” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. lowered shares of Triumph Group from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $15.00 to $12.00 in a research note on Monday, October 14th. Barclays raised their price objective on shares of Triumph Group from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, November 19th. Finally, StockNews.com raised shares of Triumph Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.67.

Triumph Group Stock Down 0.3 %

Shares of NYSE:TGI opened at $18.51 on Tuesday. The firm’s 50 day moving average price is $17.90 and its 200 day moving average price is $15.66. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of 2.72 and a beta of 2.53. Triumph Group, Inc. has a fifty-two week low of $11.01 and a fifty-two week high of $19.71.

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.