ExodusPoint Capital Management LP Purchases New Shares in Titan Machinery Inc. (NASDAQ:TITN)

ExodusPoint Capital Management LP bought a new stake in Titan Machinery Inc. (NASDAQ:TITN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 26,466 shares of the company's stock, valued at approximately $374,000. ExodusPoint Capital Management LP owned approximately 0.11% of Titan Machinery as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of Titan Machinery by 287.0% in the third quarter. Barclays PLC now owns 31,872 shares of the company's stock valued at $444,000 after purchasing an additional 23,637 shares during the last quarter. Sanctuary Advisors LLC increased its stake in Titan Machinery by 53.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 25,550 shares of the company's stock valued at $387,000 after buying an additional 8,942 shares during the last quarter. FMR LLC increased its stake in Titan Machinery by 142.5% in the 3rd quarter. FMR LLC now owns 5,262 shares of the company's stock valued at $73,000 after buying an additional 3,092 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Titan Machinery by 91.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,611 shares of the company's stock worth $122,000 after buying an additional 4,103 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Titan Machinery by 5.1% during the 4th quarter. Empowered Funds LLC now owns 20,000 shares of the company's stock worth $283,000 after buying an additional 962 shares during the last quarter. Institutional investors own 78.38% of the company's stock.

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Titan Machinery Stock Performance

Shares of TITN stock traded down $0.40 during trading on Tuesday, reaching $16.11. 245,020 shares of the company's stock were exchanged, compared to its average volume of 267,769. The firm's fifty day moving average price is $16.51 and its 200-day moving average price is $15.45. Titan Machinery Inc. has a twelve month low of $12.30 and a twelve month high of $24.28. The stock has a market capitalization of $372.53 million, a PE ratio of 12.02 and a beta of 1.27. The company has a quick ratio of 0.15, a current ratio of 1.32 and a debt-to-equity ratio of 0.20.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TITN shares. Northland Securities upgraded Titan Machinery from a "market perform" rating to an "outperform" rating and set a $25.00 target price on the stock in a report on Friday. B. Riley assumed coverage on Titan Machinery in a research note on Thursday, March 27th. They set a "neutral" rating and a $19.00 price objective on the stock. Baird R W raised Titan Machinery from a "hold" rating to a "strong-buy" rating in a report on Monday, January 27th. Robert W. Baird lowered their target price on shares of Titan Machinery from $25.00 to $24.00 and set an "outperform" rating on the stock in a report on Friday, March 21st. Finally, Northland Capmk raised shares of Titan Machinery from a "hold" rating to a "strong-buy" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $19.80.

Insider Buying and Selling at Titan Machinery

In related news, Chairman David Joseph Meyer bought 3,000 shares of the business's stock in a transaction dated Monday, March 24th. The stock was bought at an average price of $16.86 per share, for a total transaction of $50,580.00. Following the purchase, the chairman now owns 138,388 shares in the company, valued at $2,333,221.68. This represents a 2.22 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased a total of 26,182 shares of company stock worth $439,661 over the last ninety days. Insiders own 10.28% of the company's stock.

Titan Machinery Company 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.