Mutual Advisors LLC Buys Shares of 113,377 Titan International, Inc. (NYSE:TWI)

Mutual Advisors LLC acquired a new stake in Titan International, Inc. (NYSE:TWI - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 113,377 shares of the industrial products company's stock, valued at approximately $951,000. Mutual Advisors LLC owned about 0.18% of Titan International at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. raised its holdings in shares of Titan International by 21.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,953,866 shares of the industrial products company's stock worth $13,267,000 after purchasing an additional 344,658 shares during the period. Kennedy Capital Management LLC acquired a new stake in shares of Titan International in the fourth quarter worth $1,482,000. First Eagle Investment Management LLC bought a new position in shares of Titan International during the fourth quarter valued at $1,211,000. Jane Street Group LLC increased its stake in shares of Titan International by 105.6% in the fourth quarter. Jane Street Group LLC now owns 313,415 shares of the industrial products company's stock valued at $2,128,000 after buying an additional 160,975 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Titan International during the 4th quarter worth about $862,000. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

Titan International Price Performance

Titan International stock traded down $0.23 during midday trading on Wednesday, reaching $10.19. The company had a trading volume of 203,339 shares, compared to its average volume of 686,510. The company has a market capitalization of $648.78 million, a P/E ratio of -48.43 and a beta of 2.03. Titan International, Inc. has a 12-month low of $5.93 and a 12-month high of $10.94. The firm's fifty day simple moving average is $8.32 and its 200-day simple moving average is $8.01. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.26 and a quick ratio of 1.25.

Titan International (NYSE:TWI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.01 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 for the quarter, compared to analyst estimates of $466.86 million. As a group, equities analysts anticipate that Titan International, Inc. will post 0.03 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TWI shares. Wall Street Zen upgraded Titan International from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Cantor Fitzgerald began coverage on Titan International in a research note on Thursday, March 20th. They issued an "overweight" rating and a $11.00 target price on the stock. Finally, Noble Financial started coverage on shares of Titan International in a research report on Wednesday, June 4th. They issued an "outperform" rating and a $11.00 target price on the stock.

Insider Buying and Selling

In related news, Director Richard M. Cashin, Jr. sold 212,398 shares of Titan International stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $10.34, for a total value of $2,196,195.32. Following the sale, the director directly owned 176,461 shares in the company, valued at $1,824,606.74. This trade represents a 54.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anthony Eheli sold 25,000 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $9.24, for a total transaction of $231,000.00. Following the sale, the chief accounting officer owned 45,276 shares in the company, valued at $418,350.24. This trade represents a 35.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 301,348 shares of company stock worth $3,086,520. 32.50% of the stock is currently owned by insiders.

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.