Titan International, Inc. (NYSE:TWI) Position Lessened by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its position in Titan International, Inc. (NYSE:TWI - Free Report) by 51.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 168,179 shares of the industrial products company's stock after selling 177,330 shares during the period. Assenagon Asset Management S.A. owned approximately 0.23% of Titan International worth $1,367,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Diversified Trust Co bought a new position in shares of Titan International in the first quarter worth $194,000. BNP Paribas Financial Markets increased its position in shares of Titan International by 51.0% during the 1st quarter. BNP Paribas Financial Markets now owns 40,001 shares of the industrial products company's stock valued at $498,000 after purchasing an additional 13,507 shares during the period. LSV Asset Management raised its stake in shares of Titan International by 3.4% in the 1st quarter. LSV Asset Management now owns 780,700 shares of the industrial products company's stock worth $9,728,000 after buying an additional 25,941 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Titan International by 33.8% in the first quarter. Empowered Funds LLC now owns 261,660 shares of the industrial products company's stock valued at $3,260,000 after buying an additional 66,151 shares during the period. Finally, ProShare Advisors LLC bought a new position in Titan International during the first quarter valued at about $129,000. 80.39% of the stock is currently owned by institutional investors.

Titan International Price Performance

TWI stock traded up $0.35 on Friday, hitting $6.79. 1,235,370 shares of the company's stock traded hands, compared to its average volume of 496,026. The stock has a market cap of $428.71 million, a price-to-earnings ratio of -56.58 and a beta of 1.82. Titan International, Inc. has a 1-year low of $6.34 and a 1-year high of $15.33. The company has a current ratio of 2.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.84. The stock has a fifty day moving average of $7.67 and a 200-day moving average of $8.13.

Titan International (NYSE:TWI - Get Free Report) last announced its earnings results on Wednesday, July 31st. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.15). Titan International had a positive return on equity of 5.76% and a negative net margin of 0.51%. The company had revenue of $532.17 million for the quarter, compared to analyst estimates of $547.02 million. On average, analysts forecast that Titan International, Inc. will post 0.41 EPS for the current fiscal year.

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.