Credit Suisse AG decreased its stake in Titan International, Inc. (NYSE:TWI) by 10.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 146,075 shares of the industrial products company’s stock after selling 17,244 shares during the period. Credit Suisse AG’s holdings in Titan International were worth $1,510,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY boosted its stake in Titan International by 6.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 32,436 shares of the industrial products company’s stock valued at $335,000 after buying an additional 2,104 shares during the last quarter. Bruce & Co. Inc. purchased a new stake in Titan International during the first quarter valued at about $449,000. Paloma Partners Management Co purchased a new stake in Titan International during the first quarter valued at about $253,000. Bank of America Corp DE boosted its stake in Titan International by 21.5% in the first quarter. Bank of America Corp DE now owns 133,588 shares of the industrial products company’s stock valued at $1,381,000 after buying an additional 23,626 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Titan International by 12.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 469,649 shares of the industrial products company’s stock valued at $4,857,000 after buying an additional 53,351 shares during the last quarter. Hedge funds and other institutional investors own 85.73% of the company’s stock.

Titan International, Inc. (TWI) traded down 1.0615% during midday trading on Tuesday, reaching $9.3299. 25,235 shares of the company traded hands. The company’s 50-day moving average price is $11.79 and its 200 day moving average price is $11.47. Titan International, Inc. has a 12 month low of $8.52 and a 12 month high of $14.23. The firm’s market capitalization is $557.00 million.

Titan International (NYSE:TWI) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.18. Titan International had a negative net margin of 3.23% and a negative return on equity of 10.79%. The company had revenue of $364.40 million for the quarter, compared to analyst estimates of $352.13 million. During the same period in the prior year, the company earned ($0.04) EPS. The company’s revenue was up 10.4% compared to the same quarter last year. On average, equities analysts anticipate that Titan International, Inc. will post ($0.26) earnings per share for the current year.

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Several equities research analysts recently issued reports on the stock. BidaskClub cut shares of Titan International from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Zacks Investment Research cut shares of Titan International from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. TheStreet upgraded shares of Titan International from a “d+” rating to a “c-” rating in a research report on Friday, June 30th. Finally, Sidoti upgraded shares of Titan International from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 18th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $14.00.

About Titan International

Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.

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

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