Pacer Advisors Inc. Acquires 1,175,857 Shares of Titan International, Inc. (NYSE:TWI)

Pacer Advisors Inc. increased its stake in Titan International, Inc. (NYSE:TWI) by 35.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,479,660 shares of the industrial products company’s stock after purchasing an additional 1,175,857 shares during the period. Pacer Advisors Inc. owned approximately 6.15% of Titan International worth $33,194,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TWI. Innealta Capital LLC bought a new position in shares of Titan International in the 2nd quarter worth $27,000. Gladius Capital Management LP purchased a new position in Titan International in the second quarter worth $30,000. nVerses Capital LLC increased its stake in Titan International by 344.4% in the second quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 3,100 shares during the last quarter. CWM LLC raised its position in Titan International by 46.8% during the second quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 2,819 shares in the last quarter. Finally, Tradewinds Capital Management LLC bought a new stake in Titan International during the first quarter worth about $100,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

Titan International Price Performance

Shares of Titan International stock opened at $8.12 on Friday. The firm has a market capitalization of $591.71 million, a PE ratio of 9.12 and a beta of 1.80. The company has a current ratio of 2.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.87. Titan International, Inc. has a 12 month low of $6.71 and a 12 month high of $15.33. The business’s 50-day moving average price is $8.08 and its 200-day moving average price is $9.19.

Titan International (NYSE:TWI) last posted its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.15). The business had revenue of $532.17 million for the quarter, compared to analysts’ expectations of $547.02 million. Titan International had a return on equity of 12.23% and a net margin of 1.55%. Sell-side analysts forecast that Titan International, Inc. will post 0.42 EPS for the current fiscal year.

About Titan International

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.