Caxton Associates LP Purchases 6,182 Shares of Titan Machinery Inc. (NASDAQ:TITN)

Caxton Associates LP increased its position in shares of Titan Machinery Inc. (NASDAQ:TITN) by 29.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,067 shares of the company’s stock after acquiring an additional 6,182 shares during the period. Caxton Associates LP’s holdings in Titan Machinery were worth $672,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in Titan Machinery by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,783,274 shares of the company’s stock worth $51,501,000 after acquiring an additional 22,176 shares during the period. Vanguard Group Inc. increased its holdings in Titan Machinery by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,164,276 shares of the company’s stock worth $28,886,000 after acquiring an additional 9,548 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Titan Machinery by 9.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 327,011 shares of the company’s stock worth $9,444,000 after acquiring an additional 28,719 shares during the period. Sei Investments Co. increased its holdings in shares of Titan Machinery by 5.6% in the 1st quarter. Sei Investments Co. now owns 286,964 shares of the company’s stock worth $7,120,000 after buying an additional 15,163 shares during the last quarter. Finally, Smith Graham & Co. Investment Advisors LP increased its holdings in shares of Titan Machinery by 20.3% in the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 286,708 shares of the company’s stock worth $8,280,000 after buying an additional 48,438 shares during the last quarter. Institutional investors own 78.38% of the company’s stock.

Insider Transactions at Titan Machinery

In related news, Director David Joseph Meyer bought 55,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was purchased at an average cost of $18.12 per share, with a total value of $996,600.00. Following the transaction, the director now owns 1,805,000 shares in the company, valued at approximately $32,706,600. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.28% of the company’s stock.

Titan Machinery Price Performance

TITN stock opened at $17.69 on Wednesday. The firm has a market cap of $403.69 million, a P/E ratio of 4.25 and a beta of 1.32. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.15 and a current ratio of 1.29. The firm’s fifty day moving average is $16.99 and its 200 day moving average is $22.08. Titan Machinery Inc. has a 52 week low of $14.72 and a 52 week high of $34.99.

Titan Machinery (NASDAQ:TITN) last posted its earnings results on Thursday, May 23rd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.26). Titan Machinery had a return on equity of 14.93% and a net margin of 3.37%. The company had revenue of $628.70 million during the quarter, compared to analysts’ expectations of $664.18 million. Research analysts predict that Titan Machinery Inc. will post 2.22 earnings per share for the current year.

Wall Street Analyst Weigh In

TITN has been the topic of a number of research analyst reports. StockNews.com lowered shares of Titan Machinery from a “hold” rating to a “sell” rating in a report on Friday, May 24th. B. Riley lowered shares of Titan Machinery from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $32.00 to $20.00 in a report on Wednesday, June 5th. Robert W. Baird decreased their price target on shares of Titan Machinery from $24.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, May 24th. Finally, Craig Hallum decreased their price target on shares of Titan Machinery from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $26.25.

Titan Machinery Profile

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. 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.