Atlantic Investment Management buys $121,254,237 stake in Triumph Group Inc (TGI)

Triumph Group Inc (TGI) : Atlantic Investment Management scooped up 943,524 additional shares in Triumph Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 3,911,427 shares of Triumph Group Inc which is valued at $121,254,237.Triumph Group Inc makes up approximately 12.95% of Atlantic Investment Management’s portfolio.

Other Hedge Funds, Including , Panagora Asset Management Inc reduced its stake in TGI by selling 171,033 shares or 75.95% in the most recent quarter. The Hedge Fund company now holds 54,158 shares of TGI which is valued at $1,678,898. Triumph Group Inc makes up approx 0.01% of Panagora Asset Management Inc’s portfolio.Raymond James Associates reduced its stake in TGI by selling 8,382 shares or 12.81% in the most recent quarter. The Hedge Fund company now holds 57,052 shares of TGI which is valued at $1,768,612. Triumph Group Inc makes up approx 0.01% of Raymond James Associates’s portfolio. Edmond De Rothschild Holding S.a. added TGI to its portfolio by purchasing 12,000 company shares during the most recent quarter which is valued at $372,000. Triumph Group Inc makes up approx 0.01% of Edmond De Rothschild Holding S.a.’s portfolio.Genesee Valley Trust Co reduced its stake in TGI by selling 3,389 shares or 19.14% in the most recent quarter. The Hedge Fund company now holds 14,321 shares of TGI which is valued at $562,959. Triumph Group Inc makes up approx 0.37% of Genesee Valley Trust Co’s portfolio. Huntington National Bank sold out all of its stake in TGI during the most recent quarter. The investment firm sold 614 shares of TGI which is valued $24,136.

Triumph Group Inc opened for trading at $31.87 and hit $32.17 on the upside on Thursday, eventually ending the session at $32.17, with a gain of 0.97% or 0.31 points. The heightened volatility saw the trading volume jump to 3,34,210 shares. Company has a market cap of $1,593 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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