Tradewinds Capital Management LLC Makes New Investment in Titan International, Inc. (NYSE:TWI)

Tradewinds Capital Management LLC acquired a new position in Titan International, Inc. (NYSE:TWI) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 8,000 shares of the industrial products company’s stock, valued at approximately $100,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Boulder Hill Capital Management LP acquired a new position in Titan International during the 4th quarter worth approximately $161,000. Diversified Trust Co acquired a new position in Titan International during the 1st quarter worth approximately $194,000. Trexquant Investment LP grew its holdings in Titan International by 34.1% during the 4th quarter. Trexquant Investment LP now owns 14,691 shares of the industrial products company’s stock worth $219,000 after acquiring an additional 3,737 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Titan International by 103.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,163 shares of the industrial products company’s stock worth $241,000 after acquiring an additional 8,216 shares during the last quarter. Finally, Syon Capital LLC bought a new stake in Titan International during the 4th quarter worth approximately $244,000. Institutional investors and hedge funds own 80.39% of the company’s stock.

Titan International Trading Down 0.3 %

TWI traded down $0.02 during trading on Wednesday, reaching $7.14. 139,117 shares of the company’s stock were exchanged, compared to its average volume of 476,142. Titan International, Inc. has a one year low of $6.71 and a one year high of $15.33. The company has a current ratio of 2.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $520.29 million, a PE ratio of 8.05 and a beta of 1.86. The firm has a fifty day moving average price of $8.48 and a two-hundred day moving average price of $11.76.

Titan International (NYSE:TWI) last posted its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). Titan International had a net margin of 3.20% and a return on equity of 17.27%. The firm had revenue of $482.21 million during the quarter, compared to the consensus estimate of $537.32 million. During the same period in the prior year, the company posted $0.53 earnings per share. As a group, equities research analysts forecast that Titan International, Inc. will post 0.91 earnings per share for the current fiscal year.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.