Titan Machinery Inc. (NASDAQ:TITN) Shares Sold by Russell Investments Group Ltd.

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Russell Investments Group Ltd. cut its position in Titan Machinery Inc. (NASDAQ:TITN) by 89.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,630 shares of the company’s stock after selling 103,602 shares during the period. Russell Investments Group Ltd. owned approximately 0.05% of Titan Machinery worth $167,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in Titan Machinery by 0.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 294,613 shares of the company’s stock valued at $6,064,000 after buying an additional 1,248 shares during the last quarter. Aperio Group LLC acquired a new stake in Titan Machinery during the 2nd quarter valued at approximately $29,000. Bank of America Corp DE boosted its holdings in shares of Titan Machinery by 4.5% in the 2nd quarter. Bank of America Corp DE now owns 34,907 shares of the company’s stock valued at $718,000 after acquiring an additional 1,491 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Titan Machinery by 14.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 12,311 shares of the company’s stock valued at $253,000 after acquiring an additional 1,577 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Titan Machinery in the second quarter worth $36,000. Hedge funds and other institutional investors own 77.05% of the company’s stock.

Titan Machinery stock opened at $13.05 on Wednesday. The business’s 50-day moving average price is $16.49 and its 200 day moving average price is $17.05. The company has a quick ratio of 0.26, a current ratio of 1.40 and a debt-to-equity ratio of 0.38. The firm has a market cap of $301.11 million, a price-to-earnings ratio of 19.48 and a beta of 2.30. Titan Machinery Inc. has a 52 week low of $11.99 and a 52 week high of $21.88.

Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings results on Tuesday, November 26th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.03). Titan Machinery had a net margin of 0.85% and a return on equity of 4.91%. The company had revenue of $360.90 million during the quarter, compared to analyst estimates of $373.65 million. During the same period in the previous year, the firm posted $0.49 earnings per share. The company’s revenue was up .0% compared to the same quarter last year. Equities analysts expect that Titan Machinery Inc. will post 0.82 EPS for the current year.

Several brokerages recently issued reports on TITN. ValuEngine raised shares of Titan Machinery from a “sell” rating to a “hold” rating in a report on Friday, November 29th. BidaskClub lowered shares of Titan Machinery from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Investment Research downgraded Titan Machinery from a “hold” rating to a “strong sell” rating in a research report on Friday, November 29th. Finally, Stephens reaffirmed a “hold” rating and set a $23.00 price target on shares of Titan Machinery in a research report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $22.00.

Titan Machinery Company Profile

Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.

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Institutional Ownership by Quarter for Titan Machinery (NASDAQ:TITN)

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