JPMorgan Chase & Co. Sells 2,572 Shares of Titan International, Inc. (NYSE:TWI)

JPMorgan Chase & Co. cut its holdings in shares of Titan International, Inc. (NYSE:TWI) by 0.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 714,094 shares of the industrial products company’s stock after selling 2,572 shares during the period. JPMorgan Chase & Co. owned 1.13% of Titan International worth $5,806,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC raised its holdings in Titan International by 207.1% in the third quarter. Barclays PLC now owns 107,669 shares of the industrial products company’s stock worth $877,000 after purchasing an additional 72,612 shares in the last quarter. Villanova Investment Management Co LLC purchased a new position in shares of Titan International in the 3rd quarter worth approximately $1,110,000. Quantinno Capital Management LP bought a new position in shares of Titan International during the 3rd quarter worth approximately $92,000. Quarry LP purchased a new stake in Titan International during the third quarter valued at approximately $41,000. Finally, Readystate Asset Management LP acquired a new stake in Titan International in the third quarter valued at approximately $355,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

Titan International Stock Up 5.9 %

NYSE:TWI opened at $7.40 on Friday. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. Titan International, Inc. has a twelve month low of $6.34 and a twelve month high of $15.33. The company has a market cap of $466.92 million, a PE ratio of -61.63 and a beta of 1.82. The company’s 50 day moving average is $7.17 and its two-hundred day moving average is $7.51.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. DA Davidson began coverage on Titan International in a report on Friday, December 13th. They set a “buy” rating and a $11.00 price objective for the company. StockNews.com upgraded Titan International from a “sell” rating to a “hold” rating in a research note on Tuesday.

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.