ArrowMark Colorado Holdings LLC Buys 75,710 Shares of Titan Machinery Inc. (NASDAQ:TITN)

ArrowMark Colorado Holdings LLC raised its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 28.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 341,832 shares of the company's stock after purchasing an additional 75,710 shares during the period. ArrowMark Colorado Holdings LLC owned about 1.48% of Titan Machinery worth $4,762,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its position in shares of Titan Machinery by 6.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 12,789 shares of the company's stock worth $318,000 after acquiring an additional 802 shares during the last quarter. SummerHaven Investment Management LLC grew its position in Titan Machinery by 3.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 24,475 shares of the company's stock valued at $389,000 after buying an additional 818 shares in the last quarter. Rhumbline Advisers increased its stake in Titan Machinery by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 34,726 shares of the company's stock valued at $552,000 after buying an additional 987 shares during the period. nVerses Capital LLC raised its position in shares of 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 buying an additional 1,300 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of Titan Machinery by 116.2% in the 3rd 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 period. 78.38% of the stock is currently owned by institutional investors.

Titan Machinery Stock Down 1.8 %

NASDAQ:TITN traded down $0.27 during trading hours on Tuesday, hitting $15.15. 64,335 shares of the company's stock traded hands, compared to its average volume of 229,464. The stock's fifty day moving average price is $14.43 and its two-hundred day moving average price is $15.51. The firm has a market cap of $350.42 million, a P/E ratio of 11.32 and a beta of 1.30. 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 Inc. has a twelve month low of $12.30 and a twelve month high of $29.30.

Analyst Upgrades and Downgrades

TITN has been the subject of a number of research analyst reports. Northland Securities restated a "market perform" rating and issued a $25.00 target price on shares of Titan Machinery in a research report on Friday, September 13th. Northland Capmk cut shares of Titan Machinery from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 20th. Craig Hallum reduced their target price on shares of Titan Machinery from $25.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, August 15th. B. Riley dropped their price target on Titan Machinery from $20.00 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, September 3rd. Finally, Robert W. Baird decreased their target price on Titan Machinery from $18.00 to $13.00 and set a "neutral" rating on the stock in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Titan Machinery presently has an average rating of "Hold" and a consensus price target of $21.00.

Titan Machinery Company Profile

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.