Silver Lake Advisory LLC Makes New $244,000 Investment in Titan International, Inc. (NYSE:TWI)

Silver Lake Advisory LLC purchased a new stake in Titan International, Inc. (NYSE:TWI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 29,100 shares of the industrial products company's stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC bought a new stake in shares of Titan International in the 4th quarter valued at about $126,000. BNP Paribas Financial Markets increased its position in Titan International by 90.6% during the fourth quarter. BNP Paribas Financial Markets now owns 67,380 shares of the industrial products company's stock worth $458,000 after buying an additional 32,023 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in Titan International in the fourth quarter valued at approximately $236,000. Jump Financial LLC acquired a new stake in shares of Titan International in the fourth quarter valued at approximately $116,000. Finally, Mariner LLC boosted its stake in shares of Titan International by 24.2% during the 4th quarter. Mariner LLC now owns 29,020 shares of the industrial products company's stock worth $197,000 after acquiring an additional 5,655 shares during the period. Institutional investors own 80.39% of the company's stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, CAO Anthony Eheli sold 25,000 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $9.24, for a total transaction of $231,000.00. Following the completion of the sale, the chief accounting officer now directly owns 45,276 shares in the company, valued at approximately $418,350.24. This represents a 35.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 32.50% of the company's stock.

Titan International Trading Up 1.0%

TWI stock opened at $9.05 on Wednesday. Titan International, Inc. has a 52 week low of $5.93 and a 52 week high of $9.60. The company has a market capitalization of $576.23 million, a PE ratio of -43.08 and a beta of 1.95. The company's 50-day simple moving average is $7.66 and its 200 day simple moving average is $7.82. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.25 and a current ratio of 2.26.

Titan International (NYSE:TWI - Get Free Report) last posted its quarterly earnings data 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 net margin of 0.83% and a negative return on equity of 0.05%. The business had revenue of $490.71 million during the quarter, compared to the consensus estimate of $466.86 million. As a group, sell-side analysts anticipate that Titan International, Inc. will post 0.03 earnings per share for the current year.

About Titan International

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.

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