Maple Rock Capital Partners Inc. Sells 376,000 Shares of Triumph Group, Inc. (NYSE:TGI)

Maple Rock Capital Partners Inc. lowered its holdings in shares of Triumph Group, Inc. (NYSE:TGI) by 10.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,323,178 shares of the aerospace company’s stock after selling 376,000 shares during the quarter. Triumph Group comprises about 1.2% of Maple Rock Capital Partners Inc.’s investment portfolio, making the stock its 16th biggest position. Maple Rock Capital Partners Inc. owned approximately 4.30% of Triumph Group worth $42,836,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Quest Partners LLC acquired a new position in shares of Triumph Group during the 2nd quarter valued at about $41,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Triumph Group during the 1st quarter worth $56,000. CWM LLC grew its stake in Triumph Group by 473.7% in the 2nd quarter. CWM LLC now owns 5,146 shares of the aerospace company’s stock valued at $79,000 after buying an additional 4,249 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Triumph Group during the second quarter valued at about $125,000. Finally, International Assets Investment Management LLC increased its position in Triumph Group by 1,189.0% in the 3rd quarter. International Assets Investment Management LLC now owns 10,312 shares of the aerospace company’s stock worth $133,000 after buying an additional 9,512 shares during the period. 94.53% of the stock is currently owned by institutional investors.

Triumph Group Stock Down 0.5 %

Triumph Group stock opened at $18.95 on Wednesday. The stock has a 50-day simple moving average of $15.48 and a 200 day simple moving average of $14.93. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of 2.78 and a beta of 2.52. Triumph Group, Inc. has a 12-month low of $11.01 and a 12-month high of $19.71.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. StockNews.com raised shares of Triumph Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Barclays increased their target price 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. The Goldman Sachs Group cut Triumph Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $19.00 to $15.00 in a report on Tuesday, August 13th. Bank of America cut Triumph Group from a “buy” rating to an “underperform” rating and lowered their price objective for the company from $17.00 to $12.00 in a research report on Tuesday, September 24th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $14.00 price target (down previously from $20.00) on shares of Triumph Group in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.67.

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.