Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 16.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 583,830 shares of the company's stock after acquiring an additional 84,330 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 2.52% of Titan Machinery worth $8,133,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of TITN. Innealta Capital LLC bought a new stake in shares of Titan Machinery during the second quarter worth $36,000. Canada Pension Plan Investment Board acquired a new position in Titan Machinery during the 2nd quarter worth about $37,000. nVerses Capital LLC grew its holdings in Titan Machinery by 118.2% during the 2nd quarter. nVerses Capital LLC now owns 2,400 shares of the company's stock worth $38,000 after acquiring an additional 1,300 shares during the last quarter. Truvestments Capital LLC acquired a new stake in Titan Machinery in the 3rd quarter valued at about $41,000. Finally, US Bancorp DE raised its stake in shares of Titan Machinery by 116.2% in the third quarter. US Bancorp DE now owns 3,120 shares of the company's stock worth $43,000 after acquiring an additional 1,677 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.
Titan Machinery Trading Down 1.4 %
NASDAQ:TITN traded down $0.21 during mid-day trading on Thursday, hitting $15.00. The company had a trading volume of 144,441 shares, compared to its average volume of 229,415. The firm has a market cap of $346.95 million, a P/E ratio of 11.35 and a beta of 1.30. Titan Machinery Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $29.30. The business's fifty day moving average is $14.50 and its two-hundred day moving average is $15.45. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.13 and a current ratio of 1.27.
Titan Machinery (NASDAQ:TITN - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.04. The business had revenue of $679.80 million for the quarter, compared to the consensus estimate of $675.30 million. Titan Machinery had a net margin of 1.10% and a return on equity of 5.93%. Titan Machinery's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the company posted $1.32 EPS. As a group, research analysts expect that Titan Machinery Inc. will post 0.05 earnings per share for the current year.
Analysts Set New Price Targets
TITN has been the subject of a number of research reports. B. Riley lowered their price target on shares of Titan Machinery from $20.00 to $15.00 and set a "neutral" rating for the company in a report on Tuesday, September 3rd. Lake Street Capital downgraded Titan Machinery from a "buy" rating to a "hold" rating and set a $15.00 target price for the company. in a research report on Thursday, August 15th. Northland Capmk cut Titan Machinery from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 20th. Craig Hallum dropped their price objective on Titan Machinery from $25.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, August 15th. Finally, Northland Securities restated a "market perform" rating and set a $25.00 target price on shares of Titan Machinery in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $21.00.
Check Out Our Latest Stock Analysis on Titan Machinery
Titan Machinery Company Profile
(
Free Report)
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.
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