Titan International, Inc. (NYSE:TWI) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company decreased its position in Titan International, Inc. (NYSE:TWI) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,498 shares of the industrial products company’s stock after selling 3,187 shares during the quarter. The Manufacturers Life Insurance Company owned 0.13% of Titan International worth $654,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in Titan International in the second quarter valued at approximately $27,000. Gladius Capital Management LP acquired a new stake in Titan International in the second quarter valued at approximately $30,000. nVerses Capital LLC grew its position 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 in the last quarter. CWM LLC grew its position in Titan International by 46.8% in the second quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 2,819 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Titan International in the second quarter valued at approximately $101,000. Institutional investors and hedge funds own 80.39% of the company’s stock.

Titan International Stock Up 6.7 %

TWI stock opened at $8.17 on Friday. Titan International, Inc. has a twelve month low of $6.34 and a twelve month high of $15.33. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $515.53 million, a P/E ratio of -68.04 and a beta of 1.83. The firm has a 50 day simple moving average of $7.19 and a 200-day simple moving average of $7.61.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on TWI. DA Davidson initiated coverage on shares of Titan International in a research report on Friday. They issued a “buy” rating and a $11.00 price objective for the company. StockNews.com raised shares of Titan International from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.

Titan International Company Profile

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.