Proficio Capital Partners LLC Invests $126,000 in Titan International, Inc. (NYSE:TWI)

Proficio Capital Partners LLC bought a new stake in shares of Titan International, Inc. (NYSE:TWI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,571 shares of the industrial products company’s stock, valued at approximately $126,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of TWI. Quarry LP bought a new position in shares of Titan International during the 3rd quarter valued at about $41,000. FMR LLC grew its holdings in Titan International by 43.7% during the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock valued at $43,000 after buying an additional 1,625 shares in the last quarter. GAMMA Investing LLC increased its stake in Titan International by 136.2% in the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 3,132 shares during the last quarter. Mraz Amerine & Associates Inc. purchased a new stake in shares of Titan International during the 4th quarter worth approximately $74,000. Finally, Quantinno Capital Management LP bought a new position in shares of Titan International during the 3rd quarter valued at approximately $92,000. 80.39% of the stock is currently owned by institutional investors.

Titan International Stock Performance

NYSE:TWI opened at $8.60 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The stock’s fifty day moving average is $8.56 and its 200 day moving average is $7.74. The firm has a market capitalization of $543.31 million, a PE ratio of -71.64 and a beta of 1.77. Titan International, Inc. has a fifty-two week low of $6.34 and a fifty-two week high of $12.77.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TWI. DA Davidson assumed coverage on shares of Titan International in a research report on Friday, December 13th. They issued a “buy” rating and a $11.00 price target on the stock. StockNews.com upgraded shares of Titan International from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Cantor Fitzgerald began coverage on shares of Titan International in a report on Thursday, March 20th. They issued an “overweight” rating and a $11.00 price target for the company.

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.