Will Triumph Group Incorporated (NYSE:TGI) Run Out of Steam Soon? Short Interest is Up

February 20, 2018 - By Maria Brooks

 Will Triumph Group Incorporated (NYSE:TGI) Run Out of Steam Soon? Short Interest is Up

Investors sentiment decreased to 0.93 in Q3 2017. Its down 0.27, from 1.2 in 2017Q2. It worsened, as 34 investors sold Triumph Group, Inc. shares while 58 reduced holdings. 27 funds opened positions while 59 raised stakes. 48.03 million shares or 2.59% more from 46.82 million shares in 2017Q2 were reported.
Td Asset Mgmt Inc has invested 0% in Triumph Group, Inc. (NYSE:TGI). Smith Graham & Invest Advisors L P holds 1.1% of its portfolio in Triumph Group, Inc. (NYSE:TGI) for 351,771 shares. S&T National Bank Pa holds 2.11% or 397,577 shares in its portfolio. Florida-based Raymond James And Assocs has invested 0.01% in Triumph Group, Inc. (NYSE:TGI). Moreover, Nationwide Fund Advisors has 0.01% invested in Triumph Group, Inc. (NYSE:TGI). Toronto Dominion National Bank & Trust, Ontario – Canada-based fund reported 5,000 shares. Arizona State Retirement Sys holds 0.01% in Triumph Group, Inc. (NYSE:TGI) or 25,700 shares. Jacobs Levy Equity Mngmt holds 279,359 shares or 0.16% of its portfolio. Northern Corporation holds 0% or 615,644 shares in its portfolio. Thrivent Financial For Lutherans has invested 0% in Triumph Group, Inc. (NYSE:TGI). 11,079 were accumulated by Dreman Value Management L L C. Cornerstone Cap Mgmt Ltd Limited Liability Company invested in 0.02% or 67,600 shares. Meeder Asset Mngmt reported 0.09% in Triumph Group, Inc. (NYSE:TGI). American International holds 0% or 38,773 shares. The Massachusetts-based Numeric Invsts Limited Liability Corp has invested 0.01% in Triumph Group, Inc. (NYSE:TGI).

The stock of Triumph Group Incorporated (NYSE:TGI) registered an increase of 2.54% in short interest. TGI’s total short interest was 7.63 million shares in February as published by FINRA. Its up 2.54% from 7.44 million shares, reported previously. With 383,500 shares average volume, it will take short sellers 20 days to cover their TGI’s short positions. The short interest to Triumph Group Incorporated’s float is 15.8%.

The stock increased 0.90% or $0.25 during the last trading session, reaching $28. About 122,161 shares traded. Triumph Group, Inc. (NYSE:TGI) has declined 35.48% since February 20, 2017 and is downtrending. It has underperformed by 52.18% the S&P500.

Triumph Group, Inc. designs, engineers, makes, repairs, overhauls, and distributes aero structures, aircraft components, accessories, subassemblies, and systems worldwide. The company has market cap of $1.39 billion. The firm operates through four divisions: Integrated Systems, Aerospace Structures, Precision Components, and Product Support. It currently has negative earnings. It offers aircraft and engine mounted accessory drives, thermal control systems and components, cargo hooks, high lift actuations, cockpit control levers, hydraulic systems and components, landing gear actuation systems, control system valve bodies, landing gear components and assemblies, electronic engine controls, main engine gear box assemblies, exhaust nozzles and ducting, fuel pumps, geared transmissions and drive train components, secondary flight control systems, fuel metering units, and vibration absorbers, as well as offers processing services.

Triumph Group, Inc. (NYSE:TGI) Ratings Coverage

Among 18 analysts covering Triumph Group (NYSE:TGI), 5 have Buy rating, 3 Sell and 10 Hold. Therefore 28% are positive. Triumph Group had 60 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Outperform” rating and $36 target in Friday, January 29 report. On Thursday, July 30 the stock rating was maintained by RBC Capital Markets with “Outperform”. As per Tuesday, January 23, the company rating was maintained by RBC Capital Markets. The stock has “Hold” rating by Canaccord Genuity on Thursday, May 25. As per Thursday, October 19, the company rating was maintained by Cowen & Co. The stock of Triumph Group, Inc. (NYSE:TGI) has “Buy” rating given on Thursday, November 9 by RBC Capital Markets. RBC Capital Markets maintained the shares of TGI in report on Wednesday, November 15 with “Buy” rating. As per Thursday, January 19, the company rating was initiated by SunTrust. The stock of Triumph Group, Inc. (NYSE:TGI) has “Hold” rating given on Friday, September 29 by Jefferies. The firm earned “Hold” rating on Monday, January 8 by Jefferies.

More notable recent Triumph Group, Inc. (NYSE:TGI) news were published by: Seekingalpha.com which released: “Investors Haven’t Caught On Yet To Triumph Group’s Turnaround” on February 05, 2018, also Businesswire.com with their article: “Triumph Wins New 737 MAX Content and Extends Boeing 787 Dreamliner Contract” published on January 25, 2018, Streetinsider.com published: “Triumph Group (TGI) Announces Follow-On Contract with Bell for AH-1Z Bonded Panels” on January 29, 2018. More interesting news about Triumph Group, Inc. (NYSE:TGI) were released by: Businesswire.com and their article: “Triumph Partners with Boeing to Expand 767 Production Role” published on January 22, 2018 as well as Nasdaq.com‘s news article titled: “Triumph Group Inc. Profit Retreats In Q3” with publication date: February 01, 2018.

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