Bridgeway Capital Management LLC Lowers Stock Holdings in Titan International, Inc. (NYSE:TWI)

Bridgeway Capital Management LLC cut its holdings in Titan International, Inc. (NYSE:TWI - Free Report) by 15.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 0.72% of Titan International worth $3,066,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of Titan International by 136.2% during the fourth quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company's stock worth $37,000 after purchasing an additional 3,132 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Titan International in the 4th quarter valued at $54,000. Balyasny Asset Management L.P. purchased a new stake in Titan International in the 4th quarter valued at $74,000. Mraz Amerine & Associates Inc. acquired a new position in Titan International in the 4th quarter valued at about $74,000. Finally, First Trust Advisors LP purchased a new position in Titan International in the fourth quarter worth approximately $74,000. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Cantor Fitzgerald assumed coverage on Titan International in a research note on Thursday, March 20th. They set an "overweight" rating and a $11.00 target price on the stock. StockNews.com raised Titan International from a "sell" rating to a "hold" rating in a research note on Thursday.

Titan International Stock Up 8.3%

TWI stock traded up $0.58 during mid-day trading on Monday, reaching $7.60. The company had a trading volume of 682,027 shares, compared to its average volume of 721,932. The firm has a fifty day simple moving average of $7.61 and a 200 day simple moving average of $7.62. The company has a market capitalization of $484.15 million, a price-to-earnings ratio of -63.33 and a beta of 1.95. Titan International, Inc. has a fifty-two week low of $5.93 and a fifty-two week high of $9.60. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38.

Titan International (NYSE:TWI - Get Free Report) last posted 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). The firm had revenue of $490.71 million during the quarter, compared to analysts' expectations of $466.86 million. Titan International had a negative net margin of 0.51% and a positive return on equity of 5.76%. Analysts forecast that Titan International, Inc. will post 0.03 earnings per share for the current fiscal year.

Titan International Company Profile

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.