Eisler Capital Management Ltd. Invests $1.01 Million in Titan America SA $TTAM

Key Points

• Eisler Capital Management Ltd. acquired 76,509 shares of Titan America SA, valued at approximately $1,011,000, marking a new position for the firm.
• Analysts have revised their price targets for Titan America, with a consensus rating of "Hold" and an average price target of $17.07.
• Titan America announced a quarterly dividend of $0.04 per share, set to be paid on October 15th, representing an annualized yield of 1.0%.

Eisler Capital Management Ltd. bought a new position in shares of Titan America SA (NYSE:TTAM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 76,509 shares of the company's stock, valued at approximately $1,011,000.

Other large investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new stake in shares of Titan America during the first quarter worth $135,000. Cannon Global Investment Management LLC bought a new stake in shares of Titan America during the first quarter worth $160,000. Venator Management LLC bought a new stake in shares of Titan America during the first quarter worth $773,000. Seven Grand Managers LLC acquired a new position in Titan America during the 1st quarter valued at about $946,000. Finally, Diamond Hill Capital Management Inc. acquired a new position in Titan America during the 1st quarter valued at about $1,990,000.

Titan America Stock Performance

TTAM stock traded up $0.01 during mid-day trading on Monday, hitting $15.58. 272,388 shares of the company were exchanged, compared to its average volume of 300,084. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.36 and a current ratio of 2.30. Titan America SA has a 1-year low of $10.80 and a 1-year high of $17.78. The business has a 50 day simple moving average of $14.28.

Titan America (NYSE:TTAM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.03). The company had revenue of $429.24 million during the quarter, compared to analyst estimates of $436.95 million. The firm's quarterly revenue was down .9% compared to the same quarter last year.

Titan America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd will be given a $0.04 dividend. The ex-dividend date is Friday, October 3rd. This represents a $0.16 annualized dividend and a yield of 1.0%.

Analyst Ratings Changes

Several research analysts have recently issued reports on TTAM shares. Stifel Nicolaus reaffirmed a "hold" rating and issued a $15.00 target price (down previously from $17.00) on shares of Titan America in a research note on Monday, July 28th. Bank of America reaffirmed an "underperform" rating and issued a $14.00 target price on shares of Titan America in a research note on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $17.07.

About Titan America

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials.