The Manufacturers Life Insurance Company Decreases Holdings in Titan International, Inc. (NYSE:TWI)

The Manufacturers Life Insurance Company decreased its position in Titan International, Inc. (NYSE:TWI) by 70.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 83,685 shares of the industrial products company’s stock after selling 200,198 shares during the period. The Manufacturers Life Insurance Company owned about 0.11% of Titan International worth $620,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in TWI. Innealta Capital LLC bought a new position in shares of Titan International in the second quarter worth approximately $27,000. Gladius Capital Management LP bought a new position in shares of Titan International in the second quarter worth approximately $30,000. nVerses Capital LLC grew its holdings in shares of Titan International by 344.4% in the second quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 3,100 shares during the last quarter. CWM LLC grew its holdings in shares of Titan International by 46.8% in the second quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 2,819 shares during the last quarter. Finally, Tradewinds Capital Management LLC bought a new stake in Titan International in the first quarter valued at $100,000. Institutional investors own 80.39% of the company’s stock.

Titan International Stock Performance

NYSE:TWI opened at $6.83 on Wednesday. The stock has a market cap of $497.71 million, a P/E ratio of 7.67 and a beta of 1.79. The firm’s fifty day simple moving average is $7.82 and its 200 day simple moving average is $8.57. Titan International, Inc. has a twelve month low of $6.71 and a twelve month high of $15.33. The company has a quick ratio of 1.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.87.

Titan International (NYSE:TWI) last released its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.15). The company had revenue of $532.17 million during the quarter, compared to the consensus estimate of $547.02 million. Titan International had a net margin of 1.55% and a return on equity of 12.23%. As a group, research analysts predict that Titan International, Inc. will post 0.41 EPS for the current 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.