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

Silver Lake Advisory LLC acquired a new position in Titan International, Inc. (NYSE:TWI - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 29,100 shares of the industrial products company's stock, valued at approximately $244,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Titan International during the fourth quarter valued at approximately $54,000. First Trust Advisors LP purchased a new stake in shares of Titan International during the fourth quarter valued at approximately $74,000. Balyasny Asset Management L.P. purchased a new stake in shares of Titan International during the fourth quarter valued at approximately $74,000. Miller Financial Services LLC purchased a new stake in shares of Titan International during the fourth quarter valued at approximately $85,000. Finally, ProShare Advisors LLC increased its position in shares of Titan International by 45.2% during the fourth quarter. ProShare Advisors LLC now owns 15,098 shares of the industrial products company's stock valued at $103,000 after acquiring an additional 4,702 shares during the last quarter. 80.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Titan International

In other Titan International 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 transaction of $231,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 45,276 shares of the company's stock, valued at approximately $418,350.24. This represents a 35.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 25.00% of the stock is owned by corporate insiders.

Titan International Stock Performance

NYSE TWI traded up $0.02 on Friday, hitting $10.44. 1,371,704 shares of the stock traded hands, compared to its average volume of 704,572. The business's fifty day moving average is $7.85 and its two-hundred day moving average is $7.86. Titan International, Inc. has a 12 month low of $5.93 and a 12 month high of $10.72. The firm has a market capitalization of $664.71 million, a price-to-earnings ratio of -49.69 and a beta of 1.95. 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 announced its quarterly earnings data 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, equities analysts anticipate that Titan International, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on TWI shares. Wall Street Zen raised Titan International from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Cantor Fitzgerald assumed 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 assumed coverage on Titan International in a report on Wednesday, June 4th. They set an "outperform" rating and a $11.00 price objective for the company.

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.