Titan Machinery Inc. (NASDAQ:TITN) is Praetorian PR LLC's 9th Largest Position

Praetorian PR LLC cut its holdings in Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 24.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 459,500 shares of the company's stock after selling 145,500 shares during the period. Titan Machinery comprises approximately 2.6% of Praetorian PR LLC's investment portfolio, making the stock its 9th biggest holding. Praetorian PR LLC owned approximately 1.99% of Titan Machinery worth $6,493,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Northern Trust Corp raised its holdings in shares of Titan Machinery by 1.6% during the 4th quarter. Northern Trust Corp now owns 184,160 shares of the company's stock worth $2,602,000 after buying an additional 2,894 shares in the last quarter. Voya Investment Management LLC raised its stake in Titan Machinery by 5.7% during the fourth quarter. Voya Investment Management LLC now owns 174,208 shares of the company's stock worth $2,462,000 after acquiring an additional 9,401 shares in the last quarter. Dauntless Investment Group LLC bought a new position in shares of Titan Machinery in the fourth quarter worth about $738,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Titan Machinery by 8.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,655 shares of the company's stock valued at $208,000 after purchasing an additional 1,197 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new stake in shares of Titan Machinery during the 4th quarter valued at approximately $604,000. Institutional investors own 78.38% of the company's stock.

Insider Transactions at Titan Machinery

In other Titan Machinery news, Chairman David Joseph Meyer acquired 3,000 shares of the stock in a transaction on Monday, March 24th. The shares were purchased at an average price of $16.86 per share, for a total transaction of $50,580.00. Following the completion of the acquisition, the chairman now owns 138,388 shares in the company, valued at approximately $2,333,221.68. This represents a 2.22 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased 26,182 shares of company stock valued at $439,661 in the last 90 days. 10.28% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TITN shares. Baird R W upgraded shares of Titan Machinery from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 27th. Northland Capmk raised Titan Machinery from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Northland Securities raised Titan Machinery from a "market perform" rating to an "outperform" rating and set a $25.00 price target on the stock in a research note on Friday, April 11th. Robert W. Baird lowered their price objective on Titan Machinery from $25.00 to $24.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Finally, B. Riley started coverage on shares of Titan Machinery in a research report on Thursday, March 27th. They set a "neutral" rating and a $19.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $19.80.

Titan Machinery Trading Down 1.4 %

Shares of TITN stock traded down $0.25 during trading hours on Monday, hitting $18.00. 228,282 shares of the company were exchanged, compared to its average volume of 271,547. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32. Titan Machinery Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $24.28. The company has a 50 day simple moving average of $16.05 and a two-hundred day simple moving average of $15.71. The firm has a market cap of $415.55 million, a P/E ratio of 13.43 and a beta of 1.35.

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.