Quadrature Capital Ltd Sells 26,429 Shares of Titan Machinery Inc. (NASDAQ:TITN)

Quadrature Capital Ltd trimmed its position in Titan Machinery Inc. (NASDAQ:TITN) by 55.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,826 shares of the company’s stock after selling 26,429 shares during the quarter. Quadrature Capital Ltd owned about 0.09% of Titan Machinery worth $601,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in TITN. Quent Capital LLC bought a new stake in Titan Machinery during the fourth quarter worth approximately $87,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Titan Machinery in the third quarter valued at approximately $128,000. Quest Partners LLC purchased a new stake in Titan Machinery during the fourth quarter worth $165,000. Truvestments Capital LLC lifted its holdings in Titan Machinery by 30.7% during the third quarter. Truvestments Capital LLC now owns 7,367 shares of the company’s stock worth $196,000 after buying an additional 1,731 shares during the period. Finally, Corton Capital Inc. purchased a new stake in Titan Machinery during the third quarter worth $234,000. 78.38% of the stock is owned by institutional investors.

Titan Machinery Stock Up 0.3 %

TITN stock opened at $16.16 on Friday. The company has a market cap of $368.77 million, a price-to-earnings ratio of 3.88 and a beta of 1.39. The company has a current ratio of 1.29, a quick ratio of 0.15 and a debt-to-equity ratio of 0.16. Titan Machinery Inc. has a 12 month low of $16.01 and a 12 month high of $34.99. The firm has a 50-day moving average of $20.67 and a two-hundred day moving average of $24.27.

Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings results on Thursday, May 23rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.26). The firm had revenue of $628.70 million for the quarter, compared to analyst estimates of $664.18 million. Titan Machinery had a return on equity of 14.93% and a net margin of 3.37%. As a group, analysts forecast that Titan Machinery Inc. will post 2.22 earnings per share for the current fiscal year.

Insider Activity at Titan Machinery

In related news, Director David Joseph Meyer bought 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was purchased at an average price of $18.12 per share, for a total transaction of $996,600.00. Following the acquisition, the director now owns 1,805,000 shares of the company’s stock, valued at $32,706,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.28% of the stock is owned by insiders.

Wall Street Analyst Weigh In

TITN has been the topic of a number of recent analyst reports. TheStreet downgraded Titan Machinery from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. StockNews.com lowered shares of Titan Machinery from a “hold” rating to a “sell” rating in a report on Friday, May 24th. Robert W. Baird lowered their price target on shares of Titan Machinery from $24.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. B. Riley lowered shares of Titan Machinery from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $32.00 to $20.00 in a research note on Wednesday, June 5th. Finally, Craig Hallum lowered their target price on shares of Titan Machinery from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Titan Machinery currently has a consensus rating of “Hold” and an average price target of $31.00.

Titan Machinery Company 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.