SG Americas Securities LLC Sells 22,208 Shares of Titan International, Inc. (NYSE:TWI)

SG Americas Securities LLC lessened its holdings in Titan International, Inc. (NYSE:TWIGet 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.

Titan International (NYSE:TWIGet Rating) last posted its quarterly earnings results on Monday, August 1st. The industrial products company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.13. Titan International had a return on equity of 47.79% and a net margin of 6.28%. During the same period in the prior year, the firm earned $0.22 earnings per share. Sell-side analysts anticipate that Titan International, Inc. will post 2.38 EPS for the current fiscal year.

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

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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.

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Institutional Ownership by Quarter for Titan International (NYSE:TWI)

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