Royce & Associates LP Sells 14,352 Shares of Titan International, Inc. (NYSE:TWI)

Royce & Associates LP trimmed its holdings in shares of Titan International, Inc. (NYSE:TWI) by 15.3% in the fourth quarter, HoldingsChannel reports. The firm owned 79,212 shares of the industrial products company’s stock after selling 14,352 shares during the period. Royce & Associates LP’s holdings in Titan International were worth $538,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP acquired a new stake in Titan International during the 3rd quarter valued at $41,000. FMR LLC increased its holdings in Titan International by 43.7% during the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 1,625 shares in the last quarter. GAMMA Investing LLC increased its holdings in Titan International by 136.2% during the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 3,132 shares in the last quarter. Mraz Amerine & Associates Inc. acquired a new stake in Titan International during the 4th quarter valued at $74,000. Finally, Quantinno Capital Management LP acquired a new stake in Titan International during the 3rd quarter valued at $92,000. 80.39% of the stock is owned by institutional investors and hedge funds.

Titan International Stock Down 3.3 %

NYSE TWI opened at $8.72 on Friday. The stock has a fifty day moving average of $8.38 and a 200-day moving average of $7.71. The stock has a market capitalization of $550.77 million, a P/E ratio of -72.63 and a beta of 1.77. Titan International, Inc. has a 52 week low of $6.34 and a 52 week high of $12.94. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TWI shares. StockNews.com cut Titan International from a “hold” rating to a “sell” rating in a report on Friday. DA Davidson initiated coverage on Titan International in a research note on Friday, December 13th. They issued a “buy” rating and a $11.00 target price for the company. Finally, Cantor Fitzgerald initiated coverage on Titan International in a research note on Thursday. They issued an “overweight” rating and a $11.00 target price for the company.

Titan International Company Profile

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.