Versor Investments LP Invests $258,000 in Titan International, Inc. $TWI

Versor Investments LP purchased a new stake in shares of Titan International, Inc. (NYSE:TWI) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 25,100 shares of the industrial products company’s stock, valued at approximately $258,000.

Other hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its position in shares of Titan International by 1,669.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 10,581 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 9,983 shares during the last quarter. AlphaQuest LLC purchased a new position in Titan International during the second quarter worth about $43,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Titan International during the second quarter valued at about $307,000. Koshinski Asset Management Inc. purchased a new stake in shares of Titan International in the 2nd quarter valued at approximately $138,000. Finally, CWM LLC raised its stake in shares of Titan International by 150.5% in the 2nd quarter. CWM LLC now owns 17,662 shares of the industrial products company’s stock valued at $181,000 after acquiring an additional 10,612 shares during the period. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

Titan International Trading Down 2.6%

NYSE:TWI opened at $7.74 on Friday. Titan International, Inc. has a 12-month low of $5.93 and a 12-month high of $10.94. The firm has a market cap of $494.55 million, a PE ratio of -24.97 and a beta of 1.91. The company has a current ratio of 2.35, a quick ratio of 1.27 and a debt-to-equity ratio of 0.98. The stock has a fifty day moving average price of $7.99 and a 200 day moving average price of $8.34.

Analyst Upgrades and Downgrades

TWI has been the subject of several research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Titan International in a report on Wednesday, October 8th. DA Davidson raised their price target on Titan International from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $11.33.

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.