Walleye Capital LLC Buys New Holdings in Titan International, Inc. (NYSE:TWI)

Walleye Capital LLC acquired a new position in Titan International, Inc. (NYSE:TWIGet Rating) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 21,334 shares of the industrial products company’s stock, valued at approximately $322,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fuller & Thaler Asset Management Inc. grew its stake in Titan International by 0.4% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 218,217 shares of the industrial products company’s stock worth $3,214,000 after buying an additional 805 shares during the period. Kestra Advisory Services LLC raised its position in Titan International by 7.9% in the first quarter. Kestra Advisory Services LLC now owns 11,100 shares of the industrial products company’s stock valued at $164,000 after purchasing an additional 814 shares during the period. Van ECK Associates Corp boosted its position in shares of Titan International by 50.0% in the second quarter. Van ECK Associates Corp now owns 2,535 shares of the industrial products company’s stock worth $38,000 after buying an additional 845 shares during the period. Texas Permanent School Fund grew its stake in shares of Titan International by 2.4% in the second quarter. Texas Permanent School Fund now owns 37,135 shares of the industrial products company’s stock valued at $561,000 after buying an additional 871 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Titan International by 65.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,516 shares of the industrial products company’s stock valued at $51,000 after buying an additional 1,388 shares during the period. 78.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Titan International in a research note on Wednesday, October 12th. They set a “buy” rating on the stock.

Insiders Place Their Bets

In other news, CEO Paul G. Reitz sold 25,000 shares of the stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $14.66, for a total transaction of $366,500.00. Following the completion of the transaction, the chief executive officer now directly owns 227,413 shares in the company, valued at approximately $3,333,874.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Titan International news, General Counsel Michael G. Troyanovich sold 7,400 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $16.01, for a total transaction of $118,474.00. Following the transaction, the general counsel now owns 186,385 shares of the company’s stock, valued at approximately $2,984,023.85. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Paul G. Reitz sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $14.66, for a total value of $366,500.00. Following the completion of the sale, the chief executive officer now owns 227,413 shares of the company’s stock, valued at $3,333,874.58. The disclosure for this sale can be found here. 19.60% of the stock is owned by company insiders.

Titan International Stock Up 1.0 %

Shares of Titan International stock opened at $14.74 on Friday. Titan International, Inc. has a 1-year low of $6.69 and a 1-year high of $19.81. The company has a market capitalization of $926.26 million, a PE ratio of 5.78 and a beta of 2.31. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.91 and a quick ratio of 1.04. The business has a 50-day moving average of $13.62 and a 200-day moving average of $15.11.

Titan International Company Profile

(Get Rating)

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally.

See Also

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Institutional Ownership by Quarter for Titan International (NYSE:TWI)

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