Bailard Inc. Acquires 13,731 Shares of Titan International, Inc. $TWI

Bailard Inc. lifted its holdings in shares of Titan International, Inc. (NYSE:TWI) by 33.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 55,200 shares of the industrial products company’s stock after purchasing an additional 13,731 shares during the period. Bailard Inc. owned 0.09% of Titan International worth $567,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AlphaQuest LLC acquired a new position in Titan International during the 2nd quarter worth about $43,000. Brooklyn Investment Group raised its stake in shares of Titan International by 1,286.4% in the first quarter. Brooklyn Investment Group now owns 5,934 shares of the industrial products company’s stock worth $50,000 after acquiring an additional 5,506 shares during the last quarter. Sigma Planning Corp acquired a new position in shares of Titan International during the first quarter worth approximately $101,000. Nisa Investment Advisors LLC lifted its position in shares of Titan International by 1,669.4% during the second quarter. Nisa Investment Advisors LLC now owns 10,581 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 9,983 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Titan International by 25.4% during the first quarter. Hsbc Holdings PLC now owns 14,678 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 2,969 shares during the last quarter. 80.39% of the stock is currently owned by institutional investors and hedge funds.

Titan International Price Performance

TWI opened at $7.56 on Friday. The company has a fifty day moving average price of $7.87 and a two-hundred day moving average price of $8.37. The firm has a market capitalization of $483.34 million, a PE ratio of -24.38 and a beta of 1.91. Titan International, Inc. has a 52 week low of $5.93 and a 52 week high of $10.94. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.27 and a current ratio of 2.35.

Titan International (NYSE:TWI) last posted its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. Titan International had a negative return on equity of 1.62% and a negative net margin of 1.24%.The company had revenue of $466.47 million for the quarter, compared to the consensus estimate of $458.74 million. As a group, analysts anticipate that Titan International, Inc. will post 0.03 earnings per share for the current year.

Analyst Ratings Changes

TWI has been the subject of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Titan International in a research report on Thursday. DA Davidson lifted their target price on Titan International from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Finally, Wall Street Zen raised Titan International from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $11.33.

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.