Total Clarity Wealth Management Inc. Makes New $193,000 Investment in Titan International, Inc. (NYSE:TWI)

Total Clarity Wealth Management Inc. acquired a new position in Titan International, Inc. (NYSE:TWI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 28,463 shares of the industrial products company's stock, valued at approximately $193,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TWI. Donald Smith & CO. Inc. bought a new stake in Titan International in the third quarter worth $3,234,000. Victory Capital Management Inc. raised its position in shares of Titan International by 31.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company's stock worth $13,083,000 after purchasing an additional 388,864 shares during the last quarter. Villanova Investment Management Co LLC purchased a new position in shares of Titan International in the 3rd quarter worth about $1,110,000. Barclays PLC boosted its stake in Titan International by 207.1% in the 3rd quarter. Barclays PLC now owns 107,669 shares of the industrial products company's stock worth $877,000 after purchasing an additional 72,612 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Titan International during the 3rd quarter valued at about $444,000. Hedge funds and other institutional investors own 80.39% of the company's stock.

Wall Street Analyst Weigh In

TWI has been the topic of several analyst reports. DA Davidson started coverage on Titan International in a research report on Friday, December 13th. They issued a "buy" rating and a $11.00 price objective on the stock. StockNews.com lowered Titan International from a "hold" rating to a "sell" rating in a research report on Tuesday.

Titan International Stock Performance

Shares of NYSE:TWI traded up $0.01 during trading on Wednesday, hitting $8.65. The company's stock had a trading volume of 218,121 shares, compared to its average volume of 725,121. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. The firm has a market cap of $545.85 million, a price-to-earnings ratio of -72.04 and a beta of 1.82. The company has a 50-day moving average of $7.46 and a 200-day moving average of $7.58. Titan International, Inc. has a 12 month low of $6.34 and a 12 month high of $14.73.

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.