XTX Topco Ltd Makes New $773,000 Investment 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 Titan International, Inc. (NYSE:TWI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 92,193 shares of the industrial products company's stock, valued at approximately $773,000. XTX Topco Ltd owned approximately 0.14% of Titan International at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Titan International by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,628 shares of the industrial products company's stock worth $194,000 after acquiring an additional 1,216 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of Titan International by 1.5% in the first quarter. SummerHaven Investment Management LLC now owns 108,736 shares of the industrial products company's stock worth $912,000 after acquiring an additional 1,628 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Titan International by 14.1% in the fourth quarter. MetLife Investment Management LLC now owns 26,763 shares of the industrial products company's stock worth $182,000 after acquiring an additional 3,310 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Titan International by 7.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 58,598 shares of the industrial products company's stock worth $398,000 after acquiring an additional 4,124 shares in the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Titan International by 45.2% in the fourth quarter. ProShare Advisors LLC now owns 15,098 shares of the industrial products company's stock worth $103,000 after acquiring an additional 4,702 shares in the last quarter. 80.39% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Titan International news, Director Richard M. Cashin, Jr. sold 212,398 shares of the firm's stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Anthony Eheli sold 25,000 shares of the firm's stock in a transaction that occurred 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 transaction, the chief accounting officer owned 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 301,348 shares of company stock valued at $3,086,520. Corporate insiders own 32.50% of the company's stock.

Titan International Stock Up 1.6%

NYSE:TWI opened at $8.61 on Tuesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.27 and a current ratio of 2.35. The company has a market cap of $550.43 million, a PE ratio of -27.79 and a beta of 2.05. Titan International, Inc. has a 52-week low of $5.93 and a 52-week high of $10.94. The stock has a 50-day simple moving average of $9.19 and a 200 day simple moving average of $8.35.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TWI shares. Noble Financial started coverage on Titan International in a report on Wednesday, June 4th. They issued an "outperform" rating and a $11.00 price target for the company. DA Davidson increased 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. Finally, Wall Street Zen upgraded Titan International from a "sell" rating to a "hold" rating in a report on Thursday, May 8th.

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.

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