Victory Capital Management Inc. Has $13.08 Million Stock Holdings in Titan International, Inc. (NYSE:TWI)

Victory Capital Management Inc. boosted its stake in Titan International, Inc. (NYSE:TWI) by 31.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,609,208 shares of the industrial products company’s stock after purchasing an additional 388,864 shares during the quarter. Victory Capital Management Inc. owned about 2.55% of Titan International worth $13,083,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in Titan International during the second quarter valued at approximately $27,000. Gladius Capital Management LP bought a new position in shares of Titan International during the second quarter worth approximately $30,000. nVerses Capital LLC increased its stake in shares of Titan International by 344.4% during the second quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 3,100 shares during the period. CWM LLC increased its stake in shares of Titan International by 46.8% during the second quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 2,819 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Titan International during the second quarter worth approximately $101,000. 80.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Titan International from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

Titan International Stock Up 0.9 %

Shares of TWI opened at $6.78 on Thursday. The company has a market capitalization of $428.08 million, a PE ratio of -56.00 and a beta of 1.82. Titan International, Inc. has a 12 month low of $6.34 and a 12 month high of $15.33. The stock’s 50-day moving average price is $7.40 and its two-hundred day moving average price is $7.75. 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 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.