HighTower Advisors LLC Decreases Stake in Titan International, Inc. (NYSE:TWI)

HighTower Advisors LLC cut its holdings in shares of Titan International, Inc. (NYSE:TWI) by 34.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,187 shares of the industrial products company’s stock after selling 14,531 shares during the quarter. HighTower Advisors LLC’s holdings in Titan International were worth $229,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TWI. Innealta Capital LLC acquired a new stake in shares of Titan International in the 2nd quarter worth $27,000. 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 valued at $30,000 after purchasing an additional 3,100 shares during the period. FMR LLC increased its position in Titan International by 43.7% during the third quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 1,625 shares during the last quarter. SG Americas Securities LLC purchased a new position in Titan International during the second quarter worth about $101,000. Finally, Intech Investment Management LLC purchased a new position in Titan International during the third quarter worth about $117,000. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TWI. StockNews.com cut Titan International from a “hold” rating to a “sell” rating in a report on Thursday, December 19th. DA Davidson began coverage on shares of Titan International in a research report on Friday, December 13th. They issued a “buy” rating and a $11.00 target price on the stock.

Titan International Trading Up 0.6 %

TWI opened at $6.99 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. Titan International, Inc. has a one year low of $6.34 and a one year high of $15.33. The company has a market cap of $441.34 million, a P/E ratio of -58.25 and a beta of 1.83. The business’s 50-day simple moving average is $7.23 and its 200-day simple moving average is $7.57.

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.