GSA Capital Partners LLP boosted its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN) by 37.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,892 shares of the company’s stock after purchasing an additional 5,660 shares during the period. GSA Capital Partners LLP owned about 0.09% of Titan Machinery worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Assenagon Asset Management S.A. grew its position in Titan Machinery by 10.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 248,300 shares of the company’s stock worth $2,697,000 after purchasing an additional 23,422 shares during the period. Russell Investments Group Ltd. purchased a new position in Titan Machinery during the second quarter valued at approximately $2,521,000. Federated Hermes Inc. lifted its holdings in Titan Machinery by 28.5% in the second quarter. Federated Hermes Inc. now owns 199,396 shares of the company’s stock valued at $2,165,000 after acquiring an additional 44,223 shares during the period. Teton Advisors Inc. boosted its position in Titan Machinery by 17.4% in the 2nd quarter. Teton Advisors Inc. now owns 180,065 shares of the company’s stock worth $1,956,000 after purchasing an additional 26,630 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Titan Machinery by 2.0% during the 2nd quarter. Sei Investments Co. now owns 124,121 shares of the company’s stock worth $1,348,000 after purchasing an additional 2,400 shares during the period. 76.30% of the stock is currently owned by institutional investors.

TITN opened at $18.33 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The company has a market cap of $413.03 million, a price-to-earnings ratio of 23.50 and a beta of 1.94. Titan Machinery Inc. has a 52-week low of $6.96 and a 52-week high of $19.04. The firm’s fifty day simple moving average is $15.58 and its two-hundred day simple moving average is $12.36.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings results on Thursday, August 27th. The company reported $0.29 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.31. Titan Machinery had a net margin of 1.32% and a return on equity of 5.86%. The firm had revenue of $303.50 million during the quarter, compared to the consensus estimate of $266.93 million. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, research analysts forecast that Titan Machinery Inc. will post 0.81 EPS for the current year.

A number of analysts recently issued reports on the stock. William Blair upgraded shares of Titan Machinery from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 21st. BidaskClub upgraded Titan Machinery from a “buy” rating to a “strong-buy” rating in a research report on Monday, October 26th. Finally, ValuEngine raised Titan Machinery from a “sell” rating to a “hold” rating in a report on Monday, November 2nd. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Titan Machinery currently has a consensus rating of “Buy” and a consensus price target of $14.00.

About Titan Machinery

Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.

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Institutional Ownership by Quarter for Titan Machinery (NASDAQ:TITN)

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