Denali Advisors LLC Has $1.03 Million Position in Titan International, Inc. (NYSE:TWI)

Denali Advisors LLC cut its holdings in Titan International, Inc. (NYSE:TWI) by 72.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,900 shares of the industrial products company’s stock after selling 394,527 shares during the period. Denali Advisors LLC owned approximately 0.24% of Titan International worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Quarry LP bought a new position in Titan International during the third quarter worth $41,000. FMR LLC boosted its position in shares of Titan International by 43.7% during the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 1,625 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Titan International by 136.2% in the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock valued at $37,000 after buying an additional 3,132 shares during the period. Mraz Amerine & Associates Inc. bought a new stake in Titan International in the 4th quarter valued at about $74,000. Finally, Quantinno Capital Management LP acquired a new position in Titan International during the 3rd quarter worth approximately $92,000. 80.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. DA Davidson started coverage on Titan International in a research note on Friday, December 13th. They issued a “buy” rating and a $11.00 price objective for the company. StockNews.com raised shares of Titan International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th.

Titan International Price Performance

Shares of NYSE TWI opened at $8.70 on Thursday. The stock has a market cap of $549.31 million, a price-to-earnings ratio of -72.50 and a beta of 1.82. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. Titan International, Inc. has a fifty-two week low of $6.34 and a fifty-two week high of $14.27. The firm’s 50-day simple moving average is $7.87 and its 200 day simple moving average is $7.66.

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.