Titan International, Inc. (NYSE:TWI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its stake in shares of Titan International, Inc. (NYSE:TWI) by 68.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,434 shares of the industrial products company’s stock after selling 118,900 shares during the quarter. New York State Common Retirement Fund owned about 0.09% of Titan International worth $370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in shares of Titan International by 31.9% during 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 during the last quarter. Villanova Investment Management Co LLC acquired a new stake in Titan International during the 3rd quarter worth about $1,110,000. Barclays PLC raised its stake in shares of Titan International by 207.1% during the 3rd quarter. Barclays PLC now owns 107,669 shares of the industrial products company’s stock valued at $877,000 after buying an additional 72,612 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Titan International in the 3rd quarter valued at about $444,000. Finally, Verition Fund Management LLC boosted its stake in shares of Titan International by 396.6% in the third quarter. Verition Fund Management LLC now owns 56,738 shares of the industrial products company’s stock worth $461,000 after buying an additional 45,313 shares during the last quarter. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Titan International Stock Down 3.5 %

TWI stock opened at $7.56 on Wednesday. Titan International, Inc. has a 52 week low of $6.34 and a 52 week high of $13.16. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. The firm has a 50-day simple moving average of $7.95 and a 200-day simple moving average of $7.68. The stock has a market capitalization of $477.02 million, a P/E ratio of -62.96 and a beta of 1.82.

Analyst Ratings Changes

Several brokerages recently weighed in on TWI. StockNews.com upgraded Titan International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. DA Davidson assumed coverage on shares of Titan International in a research note on Friday, December 13th. They set a “buy” rating and a $11.00 target price on the stock.

Titan International 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.