Titan International, Inc. (NYSE:TWI) Stake Boosted by GAMMA Investing LLC

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

Several other institutional investors also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS bought a new position in Titan International during the 4th quarter worth $54,000. Mraz Amerine & Associates Inc. acquired a new stake in shares of Titan International in the 4th quarter worth about $74,000. First Trust Advisors LP acquired a new position in Titan International during the 4th quarter valued at about $74,000. Balyasny Asset Management L.P. bought a new position in Titan International in the 4th quarter worth about $74,000. Finally, Miller Financial Services LLC acquired a new stake in shares of Titan International in the fourth quarter valued at approximately $85,000. 80.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TWI. Wall Street Zen upgraded Titan International from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Cantor Fitzgerald began coverage on Titan International in a research report on Thursday, March 20th. They set an "overweight" rating and a $11.00 price target for the company. Finally, Noble Financial began 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 Price Performance

NYSE TWI traded up $0.25 on Friday, reaching $9.31. 518,209 shares of the stock traded hands, compared to its average volume of 711,898. Titan International, Inc. has a 12 month low of $5.93 and a 12 month high of $9.60. The company has a market cap of $593.24 million, a price-to-earnings ratio of -44.32 and a beta of 1.95. The firm's fifty day simple moving average is $7.54 and its 200 day simple moving average is $7.77. The company has a quick ratio of 1.25, a current ratio of 2.26 and a debt-to-equity ratio of 1.06.

Titan International (NYSE:TWI - Get Free Report) last announced 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). Titan International had a negative net margin of 0.83% and a negative return on equity of 0.05%. The firm had revenue of $490.71 million for the quarter, compared to the consensus estimate of $466.86 million. As a group, research analysts predict that Titan International, Inc. will post 0.03 EPS 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.