Capital Investment Counsel Inc Raises Stake in Titan International, Inc. (NYSE:TWI)

Capital Investment Counsel Inc increased its stake in Titan International, Inc. (NYSE:TWI) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,383 shares of the industrial products company’s stock after buying an additional 2,543 shares during the period. Capital Investment Counsel Inc owned 0.16% of Titan International worth $870,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Byrne Asset Management LLC purchased a new stake in shares of Titan International in the 1st quarter worth $25,000. Gladius Capital Management LP purchased a new stake in Titan International in the second quarter worth about $30,000. CWM LLC lifted its stake in Titan International by 46.8% in the second quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 2,819 shares during the period. Tradewinds Capital Management LLC bought a new position in Titan International during the 1st quarter worth about $100,000. Finally, SG Americas Securities LLC purchased a new position in Titan International during the 2nd quarter valued at about $101,000. Institutional investors own 80.39% of the company’s stock.

Titan International Stock Down 3.4 %

Shares of TWI traded down $0.26 during mid-day trading on Tuesday, hitting $7.62. The company’s stock had a trading volume of 307,632 shares, compared to its average volume of 633,026. The firm has a market capitalization of $549.50 million, a price-to-earnings ratio of 8.56 and a beta of 1.85. Titan International, Inc. has a 52-week low of $6.71 and a 52-week high of $15.33. The company has a current ratio of 2.40, a quick ratio of 1.38 and a debt-to-equity ratio of 0.87. The company’s 50-day moving average is $7.63 and its 200-day moving average is $10.08.

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.