Jane Street Group LLC Grows Position in Titan International, Inc. (NYSE:TWI)

Jane Street Group LLC boosted its stake in shares of Titan International, Inc. (NYSE:TWI - Free Report) by 105.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,415 shares of the industrial products company's stock after buying an additional 160,975 shares during the quarter. Jane Street Group LLC owned approximately 0.50% of Titan International worth $2,128,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in Titan International during the 4th quarter valued at about $54,000. Mraz Amerine & Associates Inc. purchased a new position in Titan International during the 4th quarter valued at about $74,000. First Trust Advisors LP purchased a new position in Titan International during the 4th quarter valued at about $74,000. Miller Financial Services LLC purchased a new position in Titan International during the 4th quarter valued at about $85,000. Finally, Jump Financial LLC purchased a new position in Titan International during the 4th quarter valued at about $116,000. Institutional investors own 80.39% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on TWI shares. Wall Street Zen raised shares of Titan International from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Cantor Fitzgerald initiated coverage on shares of Titan International in a research report on Thursday, March 20th. They issued an "overweight" rating and a $11.00 price objective on the stock.

Titan International Stock Down 0.6%

Shares of Titan International stock traded down $0.04 on Thursday, reaching $7.04. The stock had a trading volume of 539,721 shares, compared to its average volume of 716,791. The company has a 50 day moving average price of $7.42 and a 200 day moving average price of $7.64. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. Titan International, Inc. has a 1 year low of $5.93 and a 1 year high of $9.60. The stock has a market capitalization of $448.48 million, a P/E ratio of -58.67 and a beta of 1.95.

Titan International (NYSE:TWI - Get Free Report) last issued 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 positive return on equity of 5.76% and a negative net margin of 0.51%. The firm had revenue of $490.71 million during the quarter, compared to analysts' expectations of $466.86 million. As a group, equities research analysts forecast that Titan International, Inc. will post 0.03 EPS for the current year.

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.