ArrowMark Colorado Holdings LLC Acquires 58,510 Shares of Titan Machinery Inc. $TITN

ArrowMark Colorado Holdings LLC grew its stake in Titan Machinery Inc. (NASDAQ:TITN) by 16.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 419,450 shares of the company’s stock after purchasing an additional 58,510 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 1.79% of Titan Machinery worth $7,022,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in TITN. American Century Companies Inc. boosted its holdings in Titan Machinery by 26.6% in the 2nd quarter. American Century Companies Inc. now owns 1,571,648 shares of the company’s stock valued at $31,134,000 after purchasing an additional 330,436 shares during the period. Bessemer Group Inc. increased its stake in Titan Machinery by 16.0% in the third quarter. Bessemer Group Inc. now owns 588,215 shares of the company’s stock valued at $9,846,000 after acquiring an additional 81,229 shares during the last quarter. Teton Advisors LLC bought a new stake in shares of Titan Machinery during the 3rd quarter worth $1,440,000. Brandywine Global Investment Management LLC bought a new position in shares of Titan Machinery in the second quarter worth about $1,999,000. Finally, Boston Partners bought a new stake in shares of Titan Machinery during the 2nd quarter valued at approximately $508,000. Institutional investors own 78.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TITN. Robert W. Baird reaffirmed a “neutral” rating and issued a $21.00 target price (down from $24.00) on shares of Titan Machinery in a report on Monday, December 1st. Wall Street Zen upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Titan Machinery in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $21.50.

Titan Machinery Trading Down 4.6%

NASDAQ TITN opened at $16.55 on Monday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.24. The stock has a market capitalization of $386.77 million, a price-to-earnings ratio of -6.08 and a beta of 1.22. Titan Machinery Inc. has a one year low of $12.50 and a one year high of $23.41. The business’s fifty day moving average is $17.77 and its 200-day moving average is $17.19.

Titan Machinery Profile

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.