Titan Machinery Inc. (NASDAQ:TITN) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC increased its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN) by 53.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,550 shares of the company’s stock after purchasing an additional 8,942 shares during the period. Sanctuary Advisors LLC owned approximately 0.11% of Titan Machinery worth $387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TITN. Barclays PLC raised its stake in shares of Titan Machinery by 287.0% during the 3rd quarter. Barclays PLC now owns 31,872 shares of the company’s stock valued at $444,000 after buying an additional 23,637 shares during the last quarter. M&T Bank Corp grew its holdings in Titan Machinery by 54.8% during the third quarter. M&T Bank Corp now owns 35,468 shares of the company’s stock worth $495,000 after acquiring an additional 12,556 shares during the period. Jane Street Group LLC raised its position in Titan Machinery by 122.1% during the third quarter. Jane Street Group LLC now owns 56,375 shares of the company’s stock valued at $785,000 after acquiring an additional 30,997 shares in the last quarter. Systematic Financial Management LP acquired a new position in Titan Machinery in the third quarter valued at approximately $483,000. Finally, Janus Henderson Group PLC boosted its position in Titan Machinery by 6.8% in the 3rd quarter. Janus Henderson Group PLC now owns 39,262 shares of the company’s stock worth $547,000 after purchasing an additional 2,496 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

Titan Machinery Price Performance

Shares of NASDAQ TITN opened at $14.13 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32. The firm has a market cap of $326.77 million, a PE ratio of 10.54 and a beta of 1.30. Titan Machinery Inc. has a one year low of $12.30 and a one year high of $29.30. The firm has a fifty day moving average of $14.64 and a 200 day moving average of $14.94.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TITN shares. Northland Securities reaffirmed a “market perform” rating and set a $25.00 target price on shares of Titan Machinery in a report on Friday, September 13th. B. Riley dropped their price target on shares of Titan Machinery from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $21.00.

About Titan Machinery

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.