Jane Street Group LLC Raises Holdings in Titan International, Inc. (NYSE:TWI)

Jane Street Group LLC boosted its holdings in shares of Titan International, Inc. (NYSE:TWI) by 105.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 313,415 shares of the industrial products company’s stock after buying an additional 160,975 shares during the quarter. Jane Street Group LLC owned approximately 0.50% of Titan International worth $2,128,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Titan International during the fourth quarter worth $54,000. Mraz Amerine & Associates Inc. acquired a new position in Titan International during the fourth quarter valued at $74,000. First Trust Advisors LP acquired a new position in Titan International during the fourth quarter valued at $74,000. Miller Financial Services LLC acquired a new position in Titan International during the fourth quarter valued at $85,000. Finally, Jump Financial LLC acquired a new position in Titan International during the fourth quarter valued at $116,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of Titan International in a research report on Thursday, March 20th. They set an “overweight” rating and a $11.00 target price for the company. StockNews.com upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th.

Titan International Trading Up 1.1%

NYSE TWI opened at $7.53 on Friday. The company has a fifty day moving average of $7.50 and a 200 day moving average of $7.63. The company has a market capitalization of $479.37 million, a PE ratio of -62.71 and a beta of 1.95. Titan International, Inc. has a 1 year low of $5.93 and a 1 year high of $9.60. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33.

Titan International (NYSE:TWI) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $490.71 million during the quarter, compared to analyst estimates of $466.86 million. Titan International had a positive return on equity of 5.76% and a negative net margin of 0.51%. Research analysts forecast that Titan International, Inc. will post 0.03 earnings per share for the current year.

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 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.