Snow Capital Management Lp Lowers stake in Triumph Group Inc (TGI)

Triumph Group Inc (TGI) : Snow Capital Management Lp reduced its stake in Triumph Group Inc by 1.04% during the most recent quarter end. The investment management company now holds a total of 2,138,352 shares of Triumph Group Inc which is valued at $66,288,912 after selling 22,565 shares in Triumph Group Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Triumph Group Inc makes up approximately 2.93% of Snow Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Oppenheimerfunds reduced its stake in TGI by selling 2,983 shares or 16.62% in the most recent quarter. The Hedge Fund company now holds 14,961 shares of TGI which is valued at $463,791.Victory Capital Management Inc boosted its stake in TGI in the latest quarter, The investment management firm added 240,590 additional shares and now holds a total of 398,042 shares of Triumph Group Inc which is valued at $12,271,635. Triumph Group Inc makes up approx 0.05% of Victory Capital Management Inc’s portfolio.Janney Montgomery Scott boosted its stake in TGI in the latest quarter, The investment management firm added 9,362 additional shares and now holds a total of 28,007 shares of Triumph Group Inc which is valued at $860,935. Triumph Group Inc makes up approx 0.01% of Janney Montgomery Scott’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in TGI by selling 1,581 shares or 14.33% in the most recent quarter. The Hedge Fund company now holds 9,450 shares of TGI which is valued at $291,344. Murphy Capital Management Inc added TGI to its portfolio by purchasing 17,000 company shares during the most recent quarter which is valued at $655,180. Triumph Group Inc makes up approx 0.10% of Murphy Capital Management Inc’s portfolio.

Triumph Group Inc opened for trading at $32.1 and hit $32.37 on the upside on Tuesday, eventually ending the session at $32.12, with a gain of 0.69% or 0.22 points. The heightened volatility saw the trading volume jump to 2,63,551 shares. Company has a market cap of $1,591 M.

On the company’s financial health, Triumph Group Inc reported $1.04 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $1.16. The company had revenue of $893.30 million for the quarter, compared to analysts expectations of $897.17 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.31 EPS.

Triumph Group Inc. (Triumph) designs engineers manufactures repairs overhauls and distributes a portfolio of aerostructures aircraft components accessories subassemblies and systems. It serves the aviation industry including original equipment manufacturers (OEMs) of commercial regional business and military aircraft and aircraft components as well as commercial and regional airlines and air cargo carriers. The Company operates in three segments: Triumph Aerostructures Group engaged in the design manufacture and building of metallic and composite aerostructures and structural components; Triumph Aerospace Systems Group engaged in the design and engineering of mechanical electromechanical hydraulic and hydromechanical control systems and Triumph Aftermarket Services Group which performs maintenance repair and overhaul services (MRO) and supplies spare parts for the commercial and military aviation industry and services airline and air cargo carrier customers.

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