Caxton Associates LLP Purchases Shares of 27,067 Titan Machinery Inc. $TITN

Key Points

• Caxton Associates LLP has acquired a new stake in Titan Machinery Inc., purchasing 27,067 shares valued at approximately $461,000, marking a 0.12% ownership of the company.
• Other institutional investors, including Bank of America Corp DE and New York State Common Retirement Fund, significantly increased their stakes, with 78.38% of the stock owned by hedge funds and other institutional investors.
• Titan Machinery's recent earnings report showed an EPS of ($0.26), surpassing estimates, while the company set its FY 2026 guidance at -2.000--1.500 EPS.

Caxton Associates LLP purchased a new stake in Titan Machinery Inc. (NASDAQ:TITN - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 27,067 shares of the company's stock, valued at approximately $461,000. Caxton Associates LLP owned 0.12% of Titan Machinery at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Dynamic Technology Lab Private Ltd bought a new position in shares of Titan Machinery in the 1st quarter valued at $379,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Titan Machinery by 109.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,817,108 shares of the company's stock valued at $30,964,000 after acquiring an additional 948,707 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Titan Machinery by 8.1% during the 1st quarter. Royal Bank of Canada now owns 66,882 shares of the company's stock valued at $1,140,000 after acquiring an additional 4,988 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of Titan Machinery during the 1st quarter valued at $4,969,000. Finally, State of Wyoming acquired a new stake in shares of Titan Machinery during the 1st quarter valued at $109,000. Institutional investors own 78.38% of the company's stock.

Titan Machinery Stock Performance

Titan Machinery stock traded down $0.07 during trading on Wednesday, hitting $19.48. The stock had a trading volume of 45,618 shares, compared to its average volume of 240,712. Titan Machinery Inc. has a 1 year low of $12.50 and a 1 year high of $23.41. The company has a quick ratio of 0.18, a current ratio of 1.31 and a debt-to-equity ratio of 0.32. The stock's 50 day moving average is $19.82 and its two-hundred day moving average is $18.55. The stock has a market cap of $455.25 million, a price-to-earnings ratio of -7.21 and a beta of 1.30.

Titan Machinery (NASDAQ:TITN - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.30. The firm had revenue of $546.43 million for the quarter, compared to the consensus estimate of $503.80 million. Titan Machinery had a negative return on equity of 9.99% and a negative net margin of 2.37%. Titan Machinery has set its FY 2026 guidance at -2.000--1.500 EPS.

Analyst Ratings Changes

Several research analysts have commented on TITN shares. B. Riley lifted their target price on Titan Machinery from $19.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, May 27th. Lake Street Capital reaffirmed a "hold" rating and set a $18.00 target price (up from $15.00) on shares of Titan Machinery in a report on Friday, May 23rd. Finally, Wall Street Zen downgraded Titan Machinery from a "hold" rating to a "sell" rating in a research note on Sunday, September 7th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $22.25.

About Titan Machinery

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.