Global Alpha Capital Management Ltd. Reduces Stock Position in Titan Machinery Inc. (NASDAQ:TITN)

Global Alpha Capital Management Ltd. reduced its stake in Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 39.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 591,518 shares of the company's stock after selling 377,700 shares during the period. Titan Machinery accounts for about 1.4% of Global Alpha Capital Management Ltd.'s holdings, making the stock its 29th biggest position. Global Alpha Capital Management Ltd. owned 2.59% of Titan Machinery worth $17,083,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in TITN. American Century Companies Inc. increased its stake in Titan Machinery by 241.0% in the third quarter. American Century Companies Inc. now owns 721,521 shares of the company's stock valued at $19,178,000 after purchasing an additional 509,919 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Titan Machinery in the fourth quarter valued at approximately $1,620,000. Smith Graham & Co. Investment Advisors LP boosted its holdings in shares of Titan Machinery by 20.3% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 286,708 shares of the company's stock valued at $8,280,000 after acquiring an additional 48,438 shares during the period. Algert Global LLC boosted its holdings in shares of Titan Machinery by 39.0% in the third quarter. Algert Global LLC now owns 130,356 shares of the company's stock valued at $3,465,000 after acquiring an additional 36,574 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Titan Machinery by 52.6% in the third quarter. Gamco Investors INC. ET AL now owns 101,500 shares of the company's stock valued at $2,698,000 after acquiring an additional 35,000 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Titan Machinery Stock Performance

Shares of TITN stock traded down $0.37 during trading hours on Tuesday, hitting $23.45. The stock had a trading volume of 243,746 shares, compared to its average volume of 183,751. The firm has a market capitalization of $535.13 million, a PE ratio of 4.75 and a beta of 1.41. Titan Machinery Inc. has a twelve month low of $21.44 and a twelve month high of $35.88. The stock's 50 day moving average is $23.73 and its 200 day moving average is $25.54. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.32 and a quick ratio of 0.19.

Titan Machinery (NASDAQ:TITN - Get Free Report) last issued its quarterly earnings results on Thursday, March 21st. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.06. Titan Machinery had a return on equity of 18.40% and a net margin of 4.08%. The firm had revenue of $852.10 million during the quarter, compared to the consensus estimate of $734.99 million. During the same period last year, the company earned $0.81 earnings per share. The company's revenue for the quarter was up 46.2% on a year-over-year basis. As a group, research analysts forecast that Titan Machinery Inc. will post 3.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, TheStreet downgraded Titan Machinery from a "b-" rating to a "c+" rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $45.33.

Titan Machinery Profile

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.