Proficio Capital Partners LLC Makes New Investment in Titan International, Inc. (NYSE:TWI)

Proficio Capital Partners LLC acquired a new position in Titan International, Inc. (NYSE:TWI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,571 shares of the industrial products company’s stock, valued at approximately $126,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Villanova Investment Management Co LLC acquired a new position in Titan International in the third quarter valued at about $1,110,000. Total Clarity Wealth Management Inc. bought a new position in shares of Titan International in the fourth quarter valued at about $193,000. Victory Capital Management Inc. lifted its holdings in Titan International by 31.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock worth $13,083,000 after purchasing an additional 388,864 shares during the last quarter. Barclays PLC increased its position in Titan International by 207.1% during the third quarter. Barclays PLC now owns 107,669 shares of the industrial products company’s stock worth $877,000 after acquiring an additional 72,612 shares during the period. Finally, GAMMA Investing LLC grew its position in Titan International by 136.2% during the fourth quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock worth $37,000 after buying an additional 3,132 shares in the last quarter. 80.39% of the stock is owned by institutional investors.

Titan International Stock Down 5.0 %

Shares of NYSE:TWI opened at $8.20 on Thursday. Titan International, Inc. has a 52-week low of $6.34 and a 52-week high of $12.95. The business’s 50 day simple moving average is $8.16 and its two-hundred day simple moving average is $7.71. 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 firm has a market cap of $518.22 million, a P/E ratio of -68.33 and a beta of 1.77.

Analyst Upgrades and Downgrades

Several research analysts have commented on TWI shares. StockNews.com upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. DA Davidson began 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.

About Titan International

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.