Assenagon Asset Management S.A. Has $92,000 Position in Titan International, Inc. (NYSE:TWI)

Assenagon Asset Management S.A. decreased its holdings in shares of Titan International, Inc. (NYSE:TWI - Free Report) by 91.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,622 shares of the industrial products company's stock after selling 154,557 shares during the period. Assenagon Asset Management S.A.'s holdings in Titan International were worth $92,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Villanova Investment Management Co LLC bought a new stake in Titan International in the third quarter valued at about $1,110,000. Victory Capital Management Inc. grew its position in shares of 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 buying an additional 388,864 shares during the period. Barclays PLC increased its stake in shares of Titan International by 207.1% in the 3rd quarter. Barclays PLC now owns 107,669 shares of the industrial products company's stock valued at $877,000 after acquiring an additional 72,612 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Titan International by 136.2% in the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 3,132 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Titan International by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company's stock valued at $4,118,000 after acquiring an additional 6,112 shares during the period. Institutional investors and hedge funds own 80.39% of the company's stock.

Titan International Stock Up 2.9 %

NYSE TWI traded up $0.24 during trading hours on Friday, reaching $8.34. 756,381 shares of the company's stock were exchanged, compared to its average volume of 549,608. 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 company has a market capitalization of $526.26 million, a price-to-earnings ratio of -69.46 and a beta of 1.82. The company's 50-day moving average is $7.24 and its two-hundred day moving average is $7.54. Titan International, Inc. has a one year low of $6.34 and a one year high of $15.33.

Titan International (NYSE:TWI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The industrial products company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.21). The company had revenue of $447.99 million for the quarter, compared to the consensus estimate of $471.63 million. Titan International had a positive return on equity of 5.76% and a negative net margin of 0.51%. During the same period in the prior year, the company earned $0.29 EPS. On average, analysts forecast that Titan International, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TWI has been the subject of several recent analyst reports. DA Davidson started coverage on shares of Titan International in a research note on Friday, December 13th. They issued a "buy" rating and a $11.00 target price for the company. StockNews.com upgraded shares of Titan International from a "sell" rating to a "hold" rating in a research report on Tuesday, January 14th.

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.