LSV Asset Management Sells 99,600 Shares of Titan International, Inc. (NYSE:TWI)

LSV Asset Management cut its stake in shares of Titan International, Inc. (NYSE:TWI - Free Report) by 13.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 618,900 shares of the industrial products company's stock after selling 99,600 shares during the period. LSV Asset Management owned about 0.98% of Titan International worth $4,202,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Titan International by 136.2% in the fourth 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. FMR LLC raised its position in Titan International by 43.7% in the third quarter. FMR LLC now owns 5,343 shares of the industrial products company's stock worth $43,000 after acquiring an additional 1,625 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Titan International during the 4th quarter worth $54,000. Mraz Amerine & Associates Inc. purchased a new stake in shares of Titan International in the 4th quarter worth $74,000. Finally, Miller Financial Services LLC bought a new position in Titan International in the 4th quarter worth $85,000. 80.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TWI. Cantor Fitzgerald started coverage on Titan International in a research report on Thursday, March 20th. They issued an "overweight" rating and a $11.00 price target for the company. StockNews.com raised shares of Titan International from a "sell" rating to a "hold" rating in a report on Saturday, March 29th.

Titan International Price Performance

Shares of Titan International stock traded up $0.09 during trading hours on Friday, hitting $6.86. The company's stock had a trading volume of 377,928 shares, compared to its average volume of 722,393. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. Titan International, Inc. has a 12-month low of $5.93 and a 12-month high of $11.97. The business has a 50 day moving average price of $8.09 and a two-hundred day moving average price of $7.62. The company has a market cap of $433.22 million, a PE ratio of -57.13 and a beta of 1.64.

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.