Prudential Plc Increased Triumph Group Inc (NYSE:TGI) Stake by $17.72 Million

May 23, 2018 - By Vivian Currie

Triumph Group, Inc. (NYSE:TGI) LogoInvestors sentiment increased to 1.14 in 2017 Q4. Its up 0.21, from 0.93 in 2017Q3. It is positive, as 16 investors sold TGI shares while 63 reduced holdings. 29 funds opened positions while 61 raised stakes. 49.35 million shares or 2.75% more from 48.03 million shares in 2017Q3 were reported. Canada Pension Plan Investment Board reported 900 shares or 0% of all its holdings. Peddock Limited Liability Co has invested 0.01% in Triumph Group, Inc. (NYSE:TGI). Voya Invest Mngmt Llc stated it has 0% of its portfolio in Triumph Group, Inc. (NYSE:TGI). Smith Graham And Invest Advsr Lp has 358,821 shares. Piermont Cap Management holds 0.68% or 75,800 shares. Moreover, Raymond James Assocs has 0% invested in Triumph Group, Inc. (NYSE:TGI) for 90,356 shares. Bnp Paribas Arbitrage has 0% invested in Triumph Group, Inc. (NYSE:TGI). Sector Pension Inv Board accumulated 31,433 shares. State Of Wisconsin Investment Board owns 115,900 shares or 0.01% of their US portfolio. Toronto Dominion National Bank & Trust stated it has 5,000 shares. Proshare Advsrs Ltd Liability Company invested in 0% or 8,862 shares. 593,374 were accumulated by Schwab Charles Invest Mngmt Incorporated. Moreover, Snow Cap Mgmt L P has 0.09% invested in Triumph Group, Inc. (NYSE:TGI). Barclays Public Ltd Com invested in 0% or 14,829 shares. Wells Fargo & Mn holds 0% or 182,541 shares.

Since March 8, 2018, it had 0 buys, and 1 insider sale for $102,585 activity.

Prudential Plc increased its stake in Triumph Group Inc (NYSE:TGI) by 282.43% based on its latest 2018Q1 regulatory filing with the SEC. Prudential Plc bought 708,900 shares as the company’s stock declined 6.58% with the market. The hedge fund held 959,900 shares of the capital goods company at the end of 2018Q1, valued at $24.19M, up from 251,000 at the end of the previous reported quarter. Prudential Plc who had been investing in Triumph Group Inc for a number of months, seems to be bullish on the $1.20B market cap company. The stock decreased 1.02% or $0.25 during the last trading session, reaching $24.2. About 38,681 shares traded. Triumph Group, Inc. (NYSE:TGI) has risen 5.80% since May 23, 2017 and is uptrending. It has underperformed by 5.75% the S&P500.

Prudential Plc, which manages about $98.23B and $32.03 billion US Long portfolio, decreased its stake in Nike Inc (NYSE:NKE) by 1.75M shares to 11,487 shares, valued at $763,000 in 2018Q1, according to the filing. It also reduced its holding in Ishares Iboxx $ Inve (LQD) by 234,026 shares in the quarter, leaving it with 129,432 shares, and cut its stake in Baidu Inc (NASDAQ:BIDU).

Prudential Plc is a Illinois-based hedge fund with more than $98.23 billion AUM in January, 2015. This fund invests only a small percentage of its assets in equities and options. Prudential Plc is the 50th largest hedge fund in our database. Taken from Prudential latest Adv, the fund reported to have 195 full and part-time employees. Among which 102 performing investment advisory and research functions. The hedge fund had between 26-100 clients.

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

Among 6 analysts covering Triumph Group (NYSE:TGI), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Triumph Group had 10 analyst reports since January 8, 2018 according to SRatingsIntel. The rating was maintained by Canaccord Genuity with “Hold” on Wednesday, April 18. The stock of Triumph Group, Inc. (NYSE:TGI) has “Neutral” rating given on Friday, May 11 by Robert W. Baird. The stock of Triumph Group, Inc. (NYSE:TGI) earned “Hold” rating by Jefferies on Monday, January 8. The stock of Triumph Group, Inc. (NYSE:TGI) earned “Buy” rating by RBC Capital Markets on Tuesday, January 23. The rating was maintained by Robert W. Baird with “Buy” on Friday, February 2. The firm has “Hold” rating given on Monday, April 23 by SunTrust. SunTrust maintained Triumph Group, Inc. (NYSE:TGI) on Thursday, February 1 with “Hold” rating. Canaccord Genuity maintained Triumph Group, Inc. (NYSE:TGI) on Thursday, February 1 with “Hold” rating. The stock has “Buy” rating by RBC Capital Markets on Friday, April 6.

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 $1.20 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.

More recent Triumph Group, Inc. (NYSE:TGI) news were published by: Seekingalpha.com which released: “Triumph Group announces update on divestiture progress” on May 15, 2018. Also Streetinsider.com published the news titled: “Triumph Group (TGI) Announces Update on Divestiture Progress” on May 14, 2018. Seekingalpha.com‘s news article titled: “Triumph Group: Modern Day Cigar Butt” with publication date: May 03, 2018 was also an interesting one.

Triumph Group, Inc. (NYSE:TGI) Institutional Positions Chart

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