Titan International, Inc. (NYSE:TWI) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC decreased its holdings in shares of Titan International, Inc. (NYSE:TWI - Free Report) by 15.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 451,587 shares of the industrial products company's stock after selling 84,755 shares during the quarter. Bridgeway Capital Management LLC owned about 0.72% of Titan International worth $3,066,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TWI. Victory Capital Management Inc. increased its position in Titan International by 21.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,953,866 shares of the industrial products company's stock worth $13,267,000 after purchasing an additional 344,658 shares during the last quarter. Kennedy Capital Management LLC acquired a new stake in shares of Titan International during the 4th quarter worth approximately $1,482,000. First Eagle Investment Management LLC purchased a new stake in shares of Titan International during the 4th quarter valued at approximately $1,211,000. Jane Street Group LLC raised its position in shares of Titan International by 105.6% during the 4th quarter. Jane Street Group LLC now owns 313,415 shares of the industrial products company's stock valued at $2,128,000 after buying an additional 160,975 shares during the period. Finally, Donald Smith & CO. Inc. grew its position in Titan International by 25.9% in the fourth quarter. Donald Smith & CO. Inc. now owns 500,905 shares of the industrial products company's stock worth $3,401,000 after acquiring an additional 103,105 shares during the period. 80.39% of the stock is currently owned by institutional investors and hedge funds.

Titan International Trading Down 1.0%

NYSE:TWI traded down $0.08 on Wednesday, reaching $7.68. 158,324 shares of the company's stock were exchanged, compared to its average volume of 717,944. The firm has a market capitalization of $489.25 million, a price-to-earnings ratio of -64.00 and a beta of 1.95. Titan International, Inc. has a 52-week low of $5.93 and a 52-week high of $9.60. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. The business has a fifty day moving average of $7.57 and a 200-day moving average of $7.62.

Titan International (NYSE:TWI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). Titan International had a positive return on equity of 5.76% and a negative net margin of 0.51%. The business had revenue of $490.71 million for the quarter, compared to analysts' expectations of $466.86 million. As a group, analysts expect that Titan International, Inc. will post 0.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TWI. StockNews.com raised Titan International from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Cantor Fitzgerald initiated coverage on shares of Titan International in a report on Thursday, March 20th. They issued an "overweight" rating and a $11.00 price objective on the stock.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.