Eisler Capital Management Ltd. Makes New Investment 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 stake in shares of Titan America SA (NYSE:TTAM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 76,509 shares of the company's stock, valued at approximately $1,011,000.

A number of other hedge funds have also recently modified their holdings of TTAM. PNC Financial Services Group Inc. bought a new stake in shares of Titan America during the 1st quarter valued at $135,000. Cannon Global Investment Management LLC bought a new stake in shares of Titan America during the 1st quarter valued at $160,000. Venator Management LLC bought a new stake in shares of Titan America during the 1st quarter valued at $773,000. Seven Grand Managers LLC bought a new stake in shares of Titan America during the 1st quarter valued at $946,000. Finally, Diamond Hill Capital Management Inc. bought a new stake in shares of Titan America during the 1st quarter valued at $1,990,000.

Titan America Price Performance

Shares of TTAM traded down $0.28 during trading hours on Tuesday, hitting $15.23. The company had a trading volume of 45,553 shares, compared to its average volume of 427,003. Titan America SA has a 52-week low of $10.80 and a 52-week high of $17.78. The company's fifty day moving average is $14.33. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.30 and a quick ratio of 1.36.

Titan America (NYSE:TTAM - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.28 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.03). The business 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, October 3rd will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 1.1%. The ex-dividend date is Friday, October 3rd.

Analysts Set New Price Targets

TTAM has been the topic of a number of research reports. Bank of America restated an "underperform" rating and set a $14.00 target price on shares of Titan America in a report on Thursday, July 24th. Stifel Nicolaus reaffirmed a "hold" rating and issued a $15.00 price target (down previously from $17.00) on shares of Titan America in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Titan America currently has a consensus 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.