Alberta Investment Management Corp Sells 95,000 Shares of Titan America SA $TTAM

Alberta Investment Management Corp trimmed its holdings in shares of Titan America SA (NYSE:TTAM) by 33.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,000 shares of the company’s stock after selling 95,000 shares during the period. Alberta Investment Management Corp owned about 0.10% of Titan America worth $2,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of TTAM. Millennium Management LLC bought a new position in shares of Titan America during the first quarter valued at approximately $9,188,000. Woodline Partners LP bought a new stake in Titan America during the 1st quarter valued at $2,028,000. Jane Street Group LLC bought a new stake in Titan America during the 1st quarter valued at $1,266,000. First Eagle Investment Management LLC increased its holdings in shares of Titan America by 94.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 256,310 shares of the company’s stock valued at $3,199,000 after acquiring an additional 124,520 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in shares of Titan America in the 2nd quarter worth $568,000.

Titan America Stock Down 0.6%

NYSE:TTAM opened at $18.36 on Friday. The company has a current ratio of 2.95, a quick ratio of 1.87 and a debt-to-equity ratio of 0.45. Titan America SA has a twelve month low of $10.80 and a twelve month high of $19.42. The company has a market cap of $3.38 billion and a PE ratio of 18.55. The company’s 50 day moving average is $17.48 and its two-hundred day moving average is $16.07.

Titan America Announces Dividend

The company also recently announced a dividend, which was paid on Monday, December 29th. Investors of record on Wednesday, December 17th were paid a $0.04 dividend. The ex-dividend date was Wednesday, December 17th. Titan America’s dividend payout ratio (DPR) is 16.16%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on TTAM. Citigroup raised their price objective on Titan America from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 8th. Jefferies Financial Group increased their price target on shares of Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Wall Street Zen raised shares of Titan America from a “hold” rating to a “buy” rating in a research report on Saturday, November 29th. Finally, Sanford C. Bernstein increased their target price on shares of Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $17.36.

Titan America Company Profile

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”).