Mutual Advisors LLC Purchases New Position in Titan International, Inc. (NYSE:TWI)

Mutual Advisors LLC purchased a new position in Titan International, Inc. (NYSE:TWI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 113,377 shares of the industrial products company's stock, valued at approximately $951,000. Mutual Advisors LLC owned 0.18% of Titan International at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of TWI. Proficio Capital Partners LLC acquired a new stake in Titan International during the 4th quarter valued at $126,000. Victory Capital Management Inc. grew its holdings in Titan International by 21.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,953,866 shares of the industrial products company's stock valued at $13,267,000 after buying an additional 344,658 shares during the last quarter. Inceptionr LLC grew its holdings in Titan International by 156.4% during the 4th quarter. Inceptionr LLC now owns 28,907 shares of the industrial products company's stock valued at $196,000 after buying an additional 17,633 shares during the last quarter. Miller Financial Services LLC acquired a new stake in Titan International during the 4th quarter valued at $85,000. Finally, First Eagle Investment Management LLC acquired a new stake in Titan International during the 4th quarter valued at $1,211,000. Institutional investors and hedge funds own 80.39% of the company's stock.

Insider Buying and Selling at Titan International

In related news, CAO Anthony Eheli sold 25,000 shares of the stock in a transaction on Friday, June 20th. The stock was sold at an average price of $9.24, for a total value of $231,000.00. Following the transaction, the chief accounting officer directly owned 45,276 shares of the company's stock, valued at approximately $418,350.24. This trade represents a 35.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard M. Cashin, Jr. sold 212,398 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $10.34, for a total value of $2,196,195.32. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 301,348 shares of company stock worth $3,086,520 over the last ninety days. Corporate insiders own 32.50% of the company's stock.

Wall Street Analyst Weigh In

TWI has been the topic of a number of analyst reports. Noble Financial started coverage on Titan International in a report on Wednesday, June 4th. They set an "outperform" rating and a $11.00 target price on the stock. Wall Street Zen raised Titan International from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Cantor Fitzgerald started coverage on Titan International in a research note on Thursday, March 20th. They set an "overweight" rating and a $11.00 price target on the stock.

Titan International Trading Up 0.9%

Shares of Titan International stock traded up $0.09 during trading hours on Tuesday, reaching $10.40. 431,818 shares of the company's stock were exchanged, compared to its average volume of 688,357. Titan International, Inc. has a 52-week low of $5.93 and a 52-week high of $10.94. The firm has a market capitalization of $662.48 million, a price-to-earnings ratio of -49.52 and a beta of 2.03. The company has a fifty day moving average of $8.26 and a 200-day moving average of $7.99. The company has a current ratio of 2.26, a quick ratio of 1.25 and a debt-to-equity ratio of 1.06.

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 for the quarter, missing the consensus estimate of $0.04 by ($0.03). The firm had revenue of $490.71 million during the quarter, compared to analysts' expectations of $466.86 million. Titan International had a negative return on equity of 0.05% and a negative net margin of 0.83%. Sell-side analysts forecast 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.