Prelude Capital Management LLC Invests $275,000 in Titan International, Inc. (NYSE:TWI)

Prelude Capital Management LLC purchased a new position in shares of Titan International, Inc. (NYSE:TWI) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 26,271 shares of the industrial products company’s stock, valued at approximately $275,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ExodusPoint Capital Management LP bought a new stake in Titan International during the 1st quarter worth $1,351,000. SummerHaven Investment Management LLC grew its position in Titan International by 2.7% during the 1st quarter. SummerHaven Investment Management LLC now owns 56,192 shares of the industrial products company’s stock worth $589,000 after acquiring an additional 1,480 shares during the last quarter. Cipher Capital LP bought a new stake in Titan International during the 4th quarter worth $156,000. SG Capital Management LLC bought a new stake in Titan International during the 4th quarter worth $5,991,000. Finally, Islay Capital Management LLC bought a new stake in Titan International during the 1st quarter worth $505,000. Institutional investors own 80.39% of the company’s stock.

Insider Buying and Selling at Titan International

In other news, Director Max A. Guinn sold 18,402 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $12.49, for a total value of $229,840.98. Following the transaction, the director now directly owns 132,379 shares of the company’s stock, valued at approximately $1,653,413.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Max A. Guinn sold 29,650 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $12.97, for a total value of $384,560.50. Following the transaction, the director now directly owns 152,379 shares of the company’s stock, valued at approximately $1,976,355.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Max A. Guinn sold 18,402 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $12.49, for a total value of $229,840.98. Following the completion of the transaction, the director now directly owns 132,379 shares in the company, valued at $1,653,413.71. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,650 shares of company stock worth $634,536. Insiders own 18.30% of the company’s stock.

Titan International Trading Down 0.6 %

NYSE TWI opened at $12.42 on Tuesday. The business’s 50-day moving average price is $12.12 and its two-hundred day moving average price is $11.26. Titan International, Inc. has a 12 month low of $9.23 and a 12 month high of $17.29. The firm has a market capitalization of $779.11 million, a PE ratio of 5.35 and a beta of 2.24. The company has a current ratio of 2.32, a quick ratio of 1.38 and a debt-to-equity ratio of 0.91.

Titan International (NYSE:TWI) last released its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. Titan International had a return on equity of 31.05% and a net margin of 7.11%. The firm had revenue of $481.18 million for the quarter, compared to analyst estimates of $516.00 million. On average, analysts expect that Titan International, Inc. will post 1.5 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Titan International from a “hold” rating to a “buy” rating in a research report on Thursday, August 31st.

About Titan International

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