Denali Advisors LLC Decreases Stock Holdings in Titan International, Inc. (NYSE:TWI)

Denali Advisors LLC decreased its position in shares of Titan International, Inc. (NYSE:TWI - Free Report) by 72.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 150,900 shares of the industrial products company's stock after selling 394,527 shares during the quarter. Denali Advisors LLC owned approximately 0.24% of Titan International worth $1,025,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TWI. Capital Investment Counsel Inc grew its holdings in Titan International by 21.3% during the 4th quarter. Capital Investment Counsel Inc now owns 143,878 shares of the industrial products company's stock valued at $977,000 after buying an additional 25,275 shares in the last quarter. Mraz Amerine & Associates Inc. purchased a new stake in Titan International in the 4th quarter worth $74,000. Principal Financial Group Inc. boosted its holdings in shares of Titan International by 0.6% during the 4th quarter. Principal Financial Group Inc. now owns 232,819 shares of the industrial products company's stock valued at $1,581,000 after purchasing an additional 1,464 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Titan International by 5.1% in the fourth quarter. Empowered Funds LLC now owns 312,387 shares of the industrial products company's stock worth $2,121,000 after purchasing an additional 15,245 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. purchased a new stake in shares of Titan International in the fourth quarter worth about $193,000. Institutional investors own 80.39% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. StockNews.com raised Titan International from a "sell" rating to a "hold" rating in a research note 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.

Titan International Price Performance

Shares of NYSE TWI traded up $0.60 during mid-day trading on Friday, hitting $8.52. 1,226,074 shares of the company's stock traded hands, compared to its average volume of 748,625. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. Titan International, Inc. has a 1 year low of $6.34 and a 1 year high of $14.15. The company's 50-day moving average is $7.92 and its two-hundred day moving average is $7.67. The company has a market capitalization of $537.63 million, a P/E ratio of -70.96 and a beta of 1.82.

Titan International Company 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.