GAMMA Investing LLC Boosts Position in Titan International, Inc. (NYSE:TWI)

GAMMA Investing LLC boosted its holdings in shares of Titan International, Inc. (NYSE:TWI) by 136.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,431 shares of the industrial products company’s stock after acquiring an additional 3,132 shares during the period. GAMMA Investing LLC’s holdings in Titan International were worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in Titan International by 35.6% in the second quarter. Pacer Advisors Inc. now owns 4,479,660 shares of the industrial products company’s stock worth $33,194,000 after purchasing an additional 1,175,857 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Titan International by 31.9% in the third quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock valued at $13,083,000 after buying an additional 388,864 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Titan International by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock valued at $4,118,000 after purchasing an additional 6,112 shares during the period. Donald Smith & CO. Inc. purchased a new position in shares of Titan International in the third quarter valued at approximately $3,234,000. Finally, Empowered Funds LLC lifted its stake in shares of Titan International by 5.4% in the third quarter. Empowered Funds LLC now owns 297,142 shares of the industrial products company’s stock worth $2,416,000 after buying an additional 15,142 shares in the last quarter. 80.39% of the stock is owned by hedge funds and other institutional investors.

Titan International Price Performance

Titan International stock opened at $6.80 on Wednesday. The stock has a market capitalization of $429.35 million, a PE ratio of -56.67 and a beta of 1.82. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. Titan International, Inc. has a 12 month low of $6.34 and a 12 month high of $15.33. The business has a 50 day simple moving average of $7.18 and a 200-day simple moving average of $7.52.

Wall Street Analysts Forecast Growth

TWI has been the subject of several recent analyst reports. StockNews.com upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research report on Tuesday. DA Davidson initiated coverage on Titan International in a research report on Friday, December 13th. They set a “buy” rating and a $11.00 price objective for the company.

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.