Trexquant Investment LP Has $1.04 Million Holdings in Titan Machinery Inc. $TITN

Key Points

• Trexquant Investment LP increased its stake in Titan Machinery by 87.0% in Q1, now owning 60,936 shares valued at approximately $1,038,000.
• The stock has received mixed ratings from analysts, with B. Riley raising the price target from $19.00 to $22.00, while Wall Street Zen downgraded it to a "sell" rating.
• Titan Machinery reported a quarterly revenue of $546.43 million, surpassing analyst estimates, despite a reported EPS of ($0.26).

Trexquant Investment LP boosted its position in Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 87.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,936 shares of the company's stock after acquiring an additional 28,345 shares during the quarter. Trexquant Investment LP owned 0.26% of Titan Machinery worth $1,038,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. EVR Research LP bought a new position in Titan Machinery in the first quarter valued at approximately $3,067,000. Gabelli Funds LLC increased its stake in Titan Machinery by 1.1% in the first quarter. Gabelli Funds LLC now owns 94,500 shares of the company's stock valued at $1,610,000 after acquiring an additional 1,000 shares during the last quarter. Jump Financial LLC increased its stake in Titan Machinery by 17.5% in the first quarter. Jump Financial LLC now owns 34,426 shares of the company's stock valued at $587,000 after acquiring an additional 5,126 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Titan Machinery by 5.6% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 702,390 shares of the company's stock valued at $11,969,000 after acquiring an additional 37,140 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in Titan Machinery in the first quarter valued at approximately $339,000. 78.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Lake Street Capital reissued a "hold" rating and issued a $18.00 price objective (up from $15.00) on shares of Titan Machinery in a research note on Friday, May 23rd. B. Riley lifted their price objective on shares of Titan Machinery from $19.00 to $22.00 and gave the company a "neutral" rating in a research note on Tuesday, May 27th. Finally, Wall Street Zen cut shares of Titan Machinery from a "hold" rating to a "sell" rating in a research note on Sunday, September 7th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Titan Machinery has a consensus rating of "Buy" and a consensus price target of $22.25.

Titan Machinery Price Performance

Shares of NASDAQ TITN traded down $0.67 during midday trading on Friday, reaching $19.28. 164,090 shares of the company were exchanged, compared to its average volume of 161,119. The stock's 50-day moving average price is $19.89 and its 200-day moving average price is $18.51. The stock has a market cap of $450.57 million, a P/E ratio of -7.14 and a beta of 1.30. Titan Machinery Inc. has a one year low of $12.50 and a one year high of $23.41. The company has a quick ratio of 0.18, a current ratio of 1.31 and a debt-to-equity ratio of 0.32.

Titan Machinery (NASDAQ:TITN - Get Free Report) last posted its earnings results on Thursday, August 28th. The company reported ($0.26) earnings per share for the quarter, topping analysts' consensus estimates of ($0.56) by $0.30. The firm had revenue of $546.43 million for the quarter, compared to analysts' expectations of $503.80 million. Titan Machinery had a negative net margin of 2.37% and a negative return on equity of 9.99%. Titan Machinery has set its FY 2026 guidance at -2.000--1.500 EPS.

About Titan Machinery

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.