SG Americas Securities LLC lessened its holdings in Titan International, Inc. (NYSE:TWI – Get Rating) by 41.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,351 shares of the industrial products company’s stock after selling 22,208 shares during the quarter. SG Americas Securities LLC owned 0.05% of Titan International worth $462,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. CWM LLC bought a new stake in shares of Titan International in the fourth quarter valued at about $91,000. Counterpoint Mutual Funds LLC acquired a new position in Titan International in the first quarter valued at about $93,000. ProShare Advisors LLC acquired a new position in Titan International in the fourth quarter valued at about $140,000. Nkcfo LLC acquired a new position in Titan International in the first quarter valued at about $147,000. Finally, Koshinski Asset Management Inc. raised its stake in Titan International by 195.1% in the first quarter. Koshinski Asset Management Inc. now owns 10,058 shares of the industrial products company’s stock valued at $148,000 after purchasing an additional 6,650 shares in the last quarter. Institutional investors own 75.23% of the company’s stock.
Titan International Stock Up 2.9 %
TWI stock opened at $14.75 on Friday. The company has a market cap of $926.37 million, a PE ratio of 7.20 and a beta of 2.33. The business has a 50-day simple moving average of $16.20 and a 200 day simple moving average of $14.34. Titan International, Inc. has a 52 week low of $6.69 and a 52 week high of $19.81. The company has a quick ratio of 0.99, a current ratio of 1.87 and a debt-to-equity ratio of 1.44.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Titan International from a “hold” rating to a “buy” rating in a research note on Sunday, April 24th.
Insiders Place Their Bets
In other Titan International news, CEO Paul G. Reitz sold 40,000 shares of the business’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $17.95, for a total transaction of $718,000.00. Following the completion of the transaction, the chief executive officer now owns 252,413 shares of the company’s stock, valued at $4,530,813.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 19.60% of the company’s stock.
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 North America, Europe, Latin America, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally.
- Get a free copy of the StockNews.com research report on Titan International (TWI)
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