New York State Common Retirement Fund decreased its holdings in Titan International, Inc. (NYSE:TWI - Free Report) by 68.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,434 shares of the industrial products company's stock after selling 118,900 shares during the quarter. New York State Common Retirement Fund owned 0.09% of Titan International worth $370,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. GAMMA Investing LLC increased its position in shares of Titan International by 136.2% during the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 3,132 shares during the last quarter. Quarry LP purchased a new stake in shares of Titan International during the 3rd quarter valued at about $41,000. FMR LLC increased its position in shares of Titan International by 43.7% during the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company's stock valued at $43,000 after purchasing an additional 1,625 shares during the last quarter. Mraz Amerine & Associates Inc. purchased a new stake in shares of Titan International during the 4th quarter valued at about $74,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Titan International during the 3rd quarter valued at about $92,000. Hedge funds and other institutional investors own 80.39% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on TWI shares. StockNews.com raised shares of Titan International from a "sell" rating to a "hold" rating in a research report on Wednesday, February 12th. DA Davidson started coverage on shares of Titan International in a research report on Friday, December 13th. They set a "buy" rating and a $11.00 price target for the company.
View Our Latest Research Report on Titan International
Titan International Stock Performance
Titan International stock traded up $0.37 during midday trading on Friday, hitting $9.01. The stock had a trading volume of 1,035,242 shares, compared to its average volume of 767,637. The firm's fifty day moving average is $8.05 and its two-hundred day moving average is $7.69. The company has a market capitalization of $569.10 million, a PE ratio of -75.04 and a beta of 1.77. Titan International, Inc. has a 52-week low of $6.34 and a 52-week high of $13.16. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84.
About Titan International
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Free Report)
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.
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