GAMMA Investing LLC Increases Holdings in Titan International, Inc. (NYSE:TWI)

GAMMA Investing LLC increased its position in Titan International, Inc. (NYSE:TWI - Free Report) by 1,833.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 105,026 shares of the industrial products company's stock after buying an additional 99,595 shares during the quarter. GAMMA Investing LLC owned 0.17% of Titan International worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Titan International by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 232,819 shares of the industrial products company's stock valued at $1,581,000 after acquiring an additional 1,464 shares during the last quarter. Mraz Amerine & Associates Inc. bought a new stake in Titan International in the fourth quarter valued at approximately $74,000. Capital Investment Counsel Inc boosted its holdings in Titan International by 21.3% in the fourth quarter. Capital Investment Counsel Inc now owns 143,878 shares of the industrial products company's stock valued at $977,000 after acquiring an additional 25,275 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Titan International in the fourth quarter valued at approximately $126,000. Finally, Versor Investments LP bought a new stake in Titan International in the fourth quarter valued at approximately $191,000. Institutional investors and hedge funds own 80.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TWI. Cantor Fitzgerald began coverage on Titan International in a report on Thursday, March 20th. They issued an "overweight" rating and a $11.00 target price on the stock. Wall Street Zen upgraded Titan International from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Finally, Noble Financial initiated coverage on Titan International in a report on Wednesday, June 4th. They set an "outperform" rating and a $11.00 price target on the stock.

Titan International Stock Up 0.2%

Shares of TWI traded up $0.02 during trading hours on Wednesday, reaching $9.05. The stock had a trading volume of 298,040 shares, compared to its average volume of 712,606. Titan International, Inc. has a 12 month low of $5.93 and a 12 month high of $9.60. The firm has a 50-day simple moving average of $7.45 and a 200 day simple moving average of $7.75. The company has a current ratio of 2.26, a quick ratio of 1.25 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $576.17 million, a price-to-earnings ratio of -43.07 and a beta of 1.95.

Titan International (NYSE:TWI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.04 by ($0.03). Titan International had a negative return on equity of 0.05% and a negative net margin of 0.83%. The firm had revenue of $490.71 million during the quarter, compared to the consensus estimate of $466.86 million. Equities research analysts predict that Titan International, Inc. will post 0.03 earnings per share for the current fiscal year.

Titan International 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.