WINTON GROUP Ltd Invests $334,000 in Titan Machinery Inc. (NASDAQ:TITN)

WINTON GROUP Ltd purchased a new stake in Titan Machinery Inc. (NASDAQ:TITN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 23,660 shares of the company's stock, valued at approximately $334,000. WINTON GROUP Ltd owned approximately 0.10% of Titan Machinery as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE grew its position in Titan Machinery by 23.8% in the fourth quarter. US Bancorp DE now owns 3,861 shares of the company's stock worth $55,000 after acquiring an additional 741 shares in the last quarter. Empowered Funds LLC boosted its holdings in Titan Machinery by 5.1% in the fourth quarter. Empowered Funds LLC now owns 20,000 shares of the company's stock worth $283,000 after purchasing an additional 962 shares in the last quarter. R Squared Ltd bought a new stake in Titan Machinery in the fourth quarter worth $26,000. Janus Henderson Group PLC increased its position in Titan Machinery by 6.8% during the third quarter. Janus Henderson Group PLC now owns 39,262 shares of the company's stock worth $547,000 after buying an additional 2,496 shares during the last quarter. Finally, English Capital Management LLC raised its holdings in Titan Machinery by 1.1% during the fourth quarter. English Capital Management LLC now owns 281,853 shares of the company's stock valued at $3,983,000 after buying an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company's stock.

Titan Machinery Price Performance

Shares of TITN traded up $0.29 on Friday, hitting $15.00. The company's stock had a trading volume of 462,436 shares, compared to its average volume of 263,177. The company has a market capitalization of $346.89 million, a PE ratio of 11.19 and a beta of 1.27. Titan Machinery Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $24.31. The company has a 50 day moving average price of $17.05 and a 200 day moving average price of $15.35. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.15.

Remove Ads

Insider Buying and Selling at Titan Machinery

In other news, Chairman David Joseph Meyer acquired 3,000 shares of the firm's stock in a transaction on Monday, March 24th. The shares were purchased at an average cost of $16.86 per share, for a total transaction of $50,580.00. Following the transaction, the chairman now owns 138,388 shares of the company's stock, valued at approximately $2,333,221.68. This represents a 2.22 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 10.28% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Baird R W upgraded Titan Machinery from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 27th. B. Riley assumed coverage on Titan Machinery in a research report on Thursday, March 27th. They set a "neutral" rating and a $19.00 target price for the company. Finally, Robert W. Baird dropped their price target on shares of Titan Machinery from $25.00 to $24.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $19.80.

Titan Machinery Profile

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.