GAMMA Investing LLC Grows Holdings in Titan International, Inc. (NYSE:TWI)

GAMMA Investing LLC grew its stake in Titan International, Inc. (NYSE:TWI) by 1,833.8% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 105,026 shares of the industrial products company’s stock after acquiring an additional 99,595 shares during the period. GAMMA Investing LLC owned about 0.17% of Titan International worth $881,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. KLP Kapitalforvaltning AS acquired a new position in Titan International during the 4th quarter worth approximately $54,000. Balyasny Asset Management L.P. purchased a new stake in Titan International in the 4th quarter valued at $74,000. Mraz Amerine & Associates Inc. purchased a new stake in Titan International in the 4th quarter valued at $74,000. First Trust Advisors LP purchased a new stake in Titan International in the 4th quarter valued at $74,000. Finally, Miller Financial Services LLC purchased a new stake in Titan International in the 4th quarter valued at $85,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

Titan International Trading Up 2.8%

NYSE TWI opened at $9.09 on Tuesday. Titan International, Inc. has a one year low of $5.93 and a one year high of $9.60. The company’s 50 day moving average price is $7.42 and its 200 day moving average price is $7.74. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The firm has a market capitalization of $578.94 million, a price-to-earnings ratio of -75.73 and a beta of 1.95.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research report on Thursday, May 8th. Cantor Fitzgerald initiated coverage on shares of Titan International in a research report on Thursday, March 20th. They set an “overweight” rating and a $11.00 price objective for the company. Finally, Noble Financial initiated coverage on shares of Titan International in a research report on Wednesday, June 4th. They set an “outperform” rating and a $11.00 price objective for the company.

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.