Jump Financial LLC Invests $116,000 in Titan International, Inc. (NYSE:TWI)

Jump Financial LLC purchased a new position in Titan International, Inc. (NYSE:TWI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,013 shares of the industrial products company’s stock, valued at approximately $116,000.

A number of other institutional investors also recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Titan International by 136.2% in the fourth 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 during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Titan International in the fourth quarter valued at $54,000. Mraz Amerine & Associates Inc. acquired a new position in Titan International in the fourth quarter valued at $74,000. Miller Financial Services LLC acquired a new position in Titan International in the fourth quarter valued at $85,000. Finally, Proficio Capital Partners LLC acquired a new position in Titan International in the fourth quarter valued at $126,000. 80.39% of the stock is owned by institutional investors and hedge funds.

Titan International Stock Performance

Shares of NYSE:TWI opened at $7.37 on Tuesday. The firm has a market capitalization of $465.77 million, a PE ratio of -61.42 and a beta of 1.64. 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 business has a 50-day moving average of $7.88 and a two-hundred day moving average of $7.63. Titan International, Inc. has a 12 month low of $5.93 and a 12 month high of $11.72.

Wall Street Analysts Forecast Growth

TWI has been the subject of several research analyst reports. Cantor Fitzgerald initiated coverage on Titan International in a research note on Thursday, March 20th. They set an “overweight” rating and a $11.00 price target for the company. StockNews.com lowered Titan International from a “hold” rating to a “sell” rating in a research note on Tuesday, April 22nd.

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.