XTX Topco Ltd Buys New Holdings in Titan International, Inc. (NYSE:TWI)

Key Points

• XTX Topco Ltd invested approximately $773,000 in Titan International, acquiring 92,193 shares of the company in the first quarter.
• Several large investors, including MIRAE ASSET GLOBAL ETFS HOLDINGS and ProShare Advisors LLC, have recently increased their holdings in Titan International, indicating growing institutional interest.
• Titan International's stock recently saw a 1.6% increase and the company reported a negative earnings per share of ($0.02) for the last quarter, missing analyst estimates.

XTX Topco Ltd purchased a new position in shares of Titan International, Inc. (NYSE:TWI - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 92,193 shares of the industrial products company's stock, valued at approximately $773,000. XTX Topco Ltd owned about 0.14% of Titan International at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TWI. Royce & Associates LP grew its position in Titan International by 1,059.1% during the 1st quarter. Royce & Associates LP now owns 918,114 shares of the industrial products company's stock worth $7,703,000 after acquiring an additional 838,902 shares during the last quarter. Kennedy Capital Management LLC bought a new stake in Titan International during the 4th quarter worth approximately $1,482,000. Jane Street Group LLC lifted its holdings in Titan International by 105.6% during the 4th quarter. Jane Street Group LLC now owns 313,415 shares of the industrial products company's stock worth $2,128,000 after buying an additional 160,975 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Titan International during the 4th quarter worth $862,000. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Titan International by 342.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 84,302 shares of the industrial products company's stock worth $572,000 after buying an additional 119,051 shares in the last quarter. 80.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. 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 on the stock. Wall Street Zen raised Titan International from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Finally, DA Davidson upped their price objective on Titan International from $10.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd.

Titan International Trading Down 3.3%

Shares of TWI stock traded down $0.29 during trading hours on Friday, reaching $8.33. The company had a trading volume of 170,761 shares, compared to its average volume of 681,073. The company has a 50 day moving average of $9.26 and a 200 day moving average of $8.36. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.35 and a quick ratio of 1.27. The firm has a market cap of $531.97 million, a price-to-earnings ratio of -26.82 and a beta of 2.05. Titan International, Inc. has a 1-year low of $5.93 and a 1-year high of $10.94.

Titan International (NYSE:TWI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The industrial products company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). The company had revenue of $460.83 million during the quarter, compared to analyst estimates of $483.84 million. Titan International had a negative net margin of 1.24% and a negative return on equity of 1.62%. On average, equities research analysts anticipate that Titan International, Inc. will post 0.03 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Anthony Eheli sold 25,000 shares of the company's stock in a transaction on Friday, June 20th. The shares were sold at an average price of $9.24, for a total value of $231,000.00. Following the completion of the sale, the chief accounting officer owned 45,276 shares in the company, valued at $418,350.24. This represents a 35.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard M. Cashin, Jr. sold 212,398 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $10.34, for a total transaction of $2,196,195.32. Following the completion of the sale, the director owned 176,461 shares of the company's stock, valued at approximately $1,824,606.74. This represents a 54.62% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 301,348 shares of company stock valued at $3,086,520. 25.00% of the stock is owned by corporate insiders.

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.