Empowered Funds LLC Has $265,000 Stock Holdings in Titan Machinery Inc. (NASDAQ:TITN)

Empowered Funds LLC cut its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN - Free Report) by 75.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,038 shares of the company's stock after selling 58,750 shares during the period. Empowered Funds LLC owned 0.08% of Titan Machinery worth $265,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Titan Machinery by 6.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,789 shares of the company's stock valued at $318,000 after acquiring an additional 802 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Titan Machinery by 3.5% during the second quarter. SummerHaven Investment Management LLC now owns 24,475 shares of the company's stock worth $389,000 after purchasing an additional 818 shares during the period. Rhumbline Advisers increased its holdings in Titan Machinery by 2.9% in the second quarter. Rhumbline Advisers now owns 34,726 shares of the company's stock valued at $552,000 after purchasing an additional 987 shares during the last quarter. nVerses Capital LLC lifted its stake in Titan Machinery by 118.2% in the second quarter. nVerses Capital LLC now owns 2,400 shares of the company's stock valued at $38,000 after buying an additional 1,300 shares during the period. Finally, US Bancorp DE boosted its holdings in Titan Machinery by 116.2% during the third quarter. US Bancorp DE now owns 3,120 shares of the company's stock worth $43,000 after buying an additional 1,677 shares during the last quarter. Institutional investors own 78.38% of the company's stock.

Titan Machinery Stock Up 4.2 %

Shares of Titan Machinery stock traded up $0.65 during trading on Tuesday, reaching $16.07. The stock had a trading volume of 425,783 shares, compared to its average volume of 230,024. The company has a current ratio of 1.27, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $371.67 million, a price-to-earnings ratio of 6.20 and a beta of 1.25. The stock has a fifty day moving average price of $14.24 and a two-hundred day moving average price of $15.79. Titan Machinery Inc. has a 52 week low of $12.30 and a 52 week high of $29.30.

Titan Machinery (NASDAQ:TITN - Get Free Report) last released its earnings results on Thursday, August 29th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.09). The firm had revenue of $633.70 million during the quarter, compared to the consensus estimate of $645.28 million. Titan Machinery had a net margin of 2.11% and a return on equity of 10.38%. The company's revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 EPS. Sell-side analysts predict that Titan Machinery Inc. will post 0.21 EPS for the current fiscal year.

Analyst Ratings Changes

TITN has been the topic of several recent analyst reports. Craig Hallum reduced their price objective on shares of Titan Machinery from $25.00 to $16.00 and set a "buy" rating on the stock in a research note on Thursday, August 15th. B. Riley reduced their price target on shares of Titan Machinery from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 3rd. Northland Securities restated a "market perform" rating and issued a $25.00 price objective on shares of Titan Machinery in a research report on Friday, September 13th. Lake Street Capital cut Titan Machinery from a "buy" rating to a "hold" rating and set a $15.00 target price for the company. in a research note on Thursday, August 15th. Finally, Robert W. Baird dropped their price target on Titan Machinery from $18.00 to $13.00 and set a "neutral" rating on the stock in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average 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.