SG Americas Securities LLC Acquires 17,015 Shares of Titan International, Inc. (NYSE:TWI)

SG Americas Securities LLC lifted its holdings in shares of Titan International, Inc. (NYSE:TWIFree Report) by 124.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,703 shares of the industrial products company’s stock after acquiring an additional 17,015 shares during the quarter. SG Americas Securities LLC’s holdings in Titan International were worth $250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Pacer Advisors Inc. raised its holdings in shares of Titan International by 35.6% during the second quarter. Pacer Advisors Inc. now owns 4,479,660 shares of the industrial products company’s stock valued at $33,194,000 after acquiring an additional 1,175,857 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Titan International by 0.3% during the first quarter. Vanguard Group Inc. now owns 3,878,594 shares of the industrial products company’s stock valued at $48,327,000 after acquiring an additional 10,537 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Titan International by 2,689.3% during the second quarter. Victory Capital Management Inc. now owns 1,220,344 shares of the industrial products company’s stock valued at $9,043,000 after acquiring an additional 1,176,593 shares in the last quarter. LSV Asset Management raised its holdings in shares of Titan International by 6.1% during the second quarter. LSV Asset Management now owns 828,300 shares of the industrial products company’s stock valued at $6,138,000 after acquiring an additional 47,600 shares in the last quarter. Finally, Grace & White Inc. NY raised its holdings in shares of Titan International by 68.7% during the second quarter. Grace & White Inc. NY now owns 403,828 shares of the industrial products company’s stock valued at $2,992,000 after acquiring an additional 164,500 shares in the last quarter. Institutional investors own 80.39% of the company’s stock.

Titan International Price Performance

TWI opened at $7.16 on Tuesday. The stock has a fifty day simple moving average of $7.79 and a two-hundred day simple moving average of $8.42. The company has a current ratio of 2.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.87. The company has a market cap of $521.76 million, a price-to-earnings ratio of 8.04 and a beta of 1.79. Titan International, Inc. has a 12-month low of $6.71 and a 12-month high of $15.33.

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

About Titan International

(Free Report)

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.

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Institutional Ownership by Quarter for Titan International (NYSE:TWI)

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