Pacer Advisors Inc. Lowers Stake in Titan International, Inc. (NYSE:TWI)

Pacer Advisors Inc. lowered its holdings in shares of Titan International, Inc. (NYSE:TWI - Free Report) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,049,986 shares of the industrial products company's stock after selling 429,674 shares during the quarter. Pacer Advisors Inc. owned approximately 6.41% of Titan International worth $32,926,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its holdings in shares of Titan International by 2,689.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,220,344 shares of the industrial products company's stock valued at $9,043,000 after purchasing an additional 1,176,593 shares during the last quarter. Donald Smith & CO. Inc. bought a new position in Titan International during the third quarter valued at approximately $3,234,000. Denali Advisors LLC grew its holdings in Titan International by 582.0% during the 2nd quarter. Denali Advisors LLC now owns 276,887 shares of the industrial products company's stock valued at $2,052,000 after buying an additional 236,287 shares in the last quarter. Grace & White Inc. NY increased its stake in Titan International by 68.7% in the 2nd quarter. Grace & White Inc. NY now owns 403,828 shares of the industrial products company's stock worth $2,992,000 after acquiring an additional 164,500 shares during the last quarter. Finally, LSV Asset Management raised its holdings in shares of Titan International by 6.1% during the 2nd quarter. LSV Asset Management now owns 828,300 shares of the industrial products company's stock worth $6,138,000 after acquiring an additional 47,600 shares in the last quarter. Institutional investors own 80.39% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Titan International from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th.

Titan International Trading Up 3.0 %

Shares of NYSE:TWI traded up $0.21 during trading on Friday, reaching $7.30. The company's stock had a trading volume of 430,314 shares, compared to its average volume of 642,206. Titan International, Inc. has a 12 month low of $6.34 and a 12 month high of $15.33. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. The firm's 50 day simple moving average is $7.34 and its two-hundred day simple moving average is $7.73. The stock has a market capitalization of $460.91 million, a PE ratio of -60.83 and a beta of 1.82.

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.