Beacon Investment Advisors LLC Decreases Stock Holdings in Titan International, Inc. (NYSE:TWI)

Beacon Investment Advisors LLC lessened its stake in shares of Titan International, Inc. (NYSE:TWI) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 236,583 shares of the industrial products company’s stock after selling 1,664 shares during the quarter. Beacon Investment Advisors LLC’s holdings in Titan International were worth $1,606,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake 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 buying an additional 3,132 shares during the last quarter. FMR LLC boosted its position in Titan International by 43.7% in the third quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 1,625 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Titan International during the 4th quarter valued at about $54,000. Mraz Amerine & Associates Inc. purchased a new position in shares of Titan International during the 4th quarter worth $74,000. Finally, First Trust Advisors LP bought a new stake in Titan International during the fourth quarter valued at about $74,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

Titan International Trading Up 1.3 %

Titan International stock opened at $6.86 on Monday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. The firm’s 50 day moving average price is $8.09 and its 200-day moving average price is $7.63. Titan International, Inc. has a 1 year low of $5.93 and a 1 year high of $11.97. The stock has a market cap of $433.22 million, a P/E ratio of -57.13 and a beta of 1.64.

Wall Street Analyst Weigh In

TWI has been the subject of several analyst reports. Cantor Fitzgerald initiated coverage on shares of Titan International in a report on Thursday, March 20th. They issued an “overweight” rating and a $11.00 target price for the company. StockNews.com upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research note on Saturday, March 29th.

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 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.