Assenagon Asset Management S.A. Sells 15,805 Shares of Titan Machinery Inc. (NASDAQ:TITN)

Assenagon Asset Management S.A. lowered its position in Titan Machinery Inc. (NASDAQ:TITN) by 7.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 183,645 shares of the company’s stock after selling 15,805 shares during the period. Assenagon Asset Management S.A. owned about 0.79% of Titan Machinery worth $2,595,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TITN. English Capital Management LLC increased its position in shares of Titan Machinery by 84.9% during the 3rd quarter. English Capital Management LLC now owns 278,853 shares of the company’s stock valued at $3,884,000 after purchasing an additional 128,073 shares during the last quarter. Dana Investment Advisors Inc. grew its position in Titan Machinery by 32.9% during the second quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock valued at $6,114,000 after buying an additional 95,221 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings in Titan Machinery by 16.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 583,830 shares of the company’s stock valued at $8,133,000 after buying an additional 84,330 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its position in Titan Machinery by 28.4% in the third quarter. ArrowMark Colorado Holdings LLC now owns 341,832 shares of the company’s stock worth $4,762,000 after acquiring an additional 75,710 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in shares of Titan Machinery by 552.2% during the 2nd quarter. Squarepoint Ops LLC now owns 87,648 shares of the company’s stock worth $1,394,000 after acquiring an additional 74,209 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Titan Machinery Trading Down 2.2 %

Shares of TITN stock opened at $15.42 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.15. The company has a market cap of $356.66 million, a price-to-earnings ratio of 11.51 and a beta of 1.30. Titan Machinery Inc. has a 1 year low of $12.30 and a 1 year high of $28.29. The firm has a fifty day moving average price of $14.62 and a 200-day moving average price of $14.70.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings results on Tuesday, November 26th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. Titan Machinery had a return on equity of 5.91% and a net margin of 1.10%. The business had revenue of $679.80 million during the quarter, compared to analyst estimates of $675.30 million. During the same quarter in the previous year, the company posted $1.32 earnings per share. Titan Machinery’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities analysts predict that Titan Machinery Inc. will post 0.05 earnings per share for the current year.

Titan Machinery Profile

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.