Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Triumph Group Inc (TGI): Are Hedge Funds Right About This Stock?

Page 1 of 2

Triumph Group Inc (NYSE:TGI) investors: here’s some bullish news for you.

In the eyes of many traders, hedge funds are perceived as delayed, outdated investment vehicles of a period lost to current times. Although there are over 8,000 hedge funds in operation in present day, Insider Monkey looks at the bigwigs of this group, about 525 funds. It is assumed that this group oversees the majority of the hedge fund industry’s total capital, and by watching their highest performing equity investments, we’ve unsheathed a few investment strategies that have historically outpaced Mr. Market. Our small-cap hedge fund strategy outpaced the S&P 500 index by 18 percentage points annually for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have trumped the S&P 500 index by 33 percentage points in 11 months (find a sample of our picks).

Equally as necessary, positive insider trading activity is another way to analyze the marketplace. There are lots of stimuli for a corporate insider to downsize shares of his or her company, but only one, very simple reason why they would initiate a purchase. Many academic studies have demonstrated the valuable potential of this strategy if “monkeys” know what to do (learn more here).

Thus, let’s study the newest info for Triumph Group Inc (NYSE:TGI).

Hedge fund activity in Triumph Group Inc (NYSE:TGI)

At Q2’s end, a total of 25 of the hedge funds we track held long positions in this stock, a change of 14% from the previous quarter. With the smart money’s capital changing hands, there exists an “upper tier” of key hedge fund managers who were boosting their holdings meaningfully.

Triumph Group Inc (NYSE:TGI)Out of the hedge funds we follow, Harris Associates, managed by Natixis Global Asset Management, holds the most valuable position in Triumph Group Inc (NYSE:TGI). Harris Associates has a $186.6 million position in the stock, comprising 0.4% of its 13F portfolio. Sitting at the No. 2 spot is Andreas Halvorsen of Viking Global, with a $162.9 million position; 0.9% of its 13F portfolio is allocated to the company. Some other hedgies that hold long positions include Joe DiMenna’s ZWEIG DIMENNA PARTNERS, Ken Fisher’s Fisher Asset Management and D. E. Shaw’s D E Shaw.

With a general bullishness amongst the titans, specific money managers were breaking ground themselves. Viking Global, managed by Andreas Halvorsen, established the biggest position in Triumph Group Inc (NYSE:TGI). Viking Global had 162.9 million invested in the company at the end of the quarter. Joe DiMenna’s ZWEIG DIMENNA PARTNERS also initiated a $30.2 million position during the quarter. The other funds with brand new TGI positions are Ken Fisher’s Fisher Asset Management, D. E. Shaw’s D E Shaw, and Van Schreiber’s Bennett Lawrence Management.

What do corporate executives and insiders think about Triumph Group Inc (NYSE:TGI)?

Legal insider trading, particularly when it’s bullish, is at its handiest when the company in focus has experienced transactions within the past 180 days. Over the last half-year time frame, Triumph Group Inc (NYSE:TGI) has experienced zero unique insiders buying, and 1 insider sales (see the details of insider trades here).

We’ll also take a look at the relationship between both of these indicators in other stocks similar to Triumph Group Inc (NYSE:TGI). These stocks are Huntington Ingalls Industries Inc (NYSE:HII), Spirit AeroSystems Holdings, Inc. (NYSE:SPR), Hexcel Corporation (NYSE:HXL), Teledyne Technologies Incorporated (NYSE:TDY), and FLIR Systems, Inc. (NASDAQ:FLIR). All of these stocks are in the aerospace/defense products & services industry and their market caps are similar to TGI’s market cap.

Page 1 of 2
Loading Comments...