English Capital Management LLC Increases Stock Position in Titan Machinery Inc. (NASDAQ:TITN)

English Capital Management LLC grew its holdings in shares of Titan Machinery Inc. (NASDAQ:TITN) by 84.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 278,853 shares of the company’s stock after buying an additional 128,073 shares during the period. Titan Machinery accounts for approximately 2.8% of English Capital Management LLC’s holdings, making the stock its 20th biggest position. English Capital Management LLC’s holdings in Titan Machinery were worth $3,884,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System purchased a new stake in shares of Titan Machinery in the 1st quarter worth approximately $276,000. Vanguard Group Inc. increased its holdings in shares of Titan Machinery by 0.8% during the first quarter. Vanguard Group Inc. now owns 1,164,276 shares of the company’s stock valued at $28,886,000 after acquiring an additional 9,548 shares in the last quarter. Quadrature Capital Ltd increased its holdings in shares of Titan Machinery by 40.5% during the first quarter. Quadrature Capital Ltd now owns 29,266 shares of the company’s stock valued at $726,000 after acquiring an additional 8,440 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Titan Machinery by 6.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,789 shares of the company’s stock worth $318,000 after purchasing an additional 802 shares during the last quarter. Finally, Caxton Associates LP grew its position in Titan Machinery by 29.6% during the 1st quarter. Caxton Associates LP now owns 27,067 shares of the company’s stock valued at $672,000 after purchasing an additional 6,182 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Titan Machinery Price Performance

NASDAQ TITN opened at $15.14 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.27 and a quick ratio of 0.13. Titan Machinery Inc. has a 1-year low of $12.30 and a 1-year high of $29.30. The stock has a market capitalization of $350.19 million, a price-to-earnings ratio of 5.85 and a beta of 1.25. The business’s fifty day moving average price is $14.20 and its 200-day moving average price is $15.96.

Titan Machinery (NASDAQ:TITN) last posted its earnings results on Thursday, August 29th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). The firm had revenue of $633.70 million during the quarter, compared to the consensus estimate of $645.28 million. Titan Machinery had a net margin of 2.11% and a return on equity of 10.38%. The firm’s revenue was down 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.38 EPS. On average, equities analysts predict that Titan Machinery Inc. will post 0.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on TITN shares. B. Riley decreased their target price on shares of Titan Machinery from $20.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, September 3rd. Northland Capmk lowered shares of Titan Machinery from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 20th. Northland Securities reiterated a “market perform” rating and set a $25.00 target price on shares of Titan Machinery in a research note on Friday, September 13th. Craig Hallum reduced their target price on Titan Machinery from $25.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, Lake Street Capital downgraded Titan Machinery from a “buy” rating to a “hold” rating and set a $15.00 price target on the stock. in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $21.00.

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.