SG Americas Securities LLC Decreases Stake in Titan International, Inc. (NYSE:TWI)

SG Americas Securities LLC decreased its stake in Titan International, Inc. (NYSE:TWI) by 16.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,678 shares of the industrial products company’s stock after selling 5,025 shares during the period. SG Americas Securities LLC’s holdings in Titan International were worth $174,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. lifted its position in Titan International by 31.9% in 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 purchasing an additional 388,864 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Titan International by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock worth $4,118,000 after purchasing an additional 6,112 shares during the last quarter. Donald Smith & CO. Inc. purchased a new stake in Titan International in the 3rd quarter worth approximately $3,234,000. Empowered Funds LLC lifted its position in Titan International by 5.4% during the third quarter. Empowered Funds LLC now owns 297,142 shares of the industrial products company’s stock worth $2,416,000 after buying an additional 15,142 shares during the period. Finally, Villanova Investment Management Co LLC acquired a new position in shares of Titan International in the 3rd quarter valued at $1,110,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TWI has been the topic of a number of recent research reports. StockNews.com cut shares of Titan International from a “hold” rating to a “sell” rating in a research report on Tuesday, February 4th. DA Davidson initiated coverage on shares of Titan International in a research report on Friday, December 13th. They set a “buy” rating and a $11.00 price target on the stock.

Titan International Stock Performance

TWI stock opened at $8.64 on Monday. The stock’s fifty day moving average is $7.54 and its two-hundred day moving average is $7.59. The stock has a market capitalization of $545.53 million, a price-to-earnings ratio of -72.00 and a beta of 1.82. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. Titan International, Inc. has a 1 year low of $6.34 and a 1 year high of $14.73.

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.