Teton Advisors LLC Buys New Holdings in Titan Machinery Inc. $TITN

Teton Advisors LLC purchased a new position in shares of Titan Machinery Inc. (NASDAQ:TITN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 86,000 shares of the company’s stock, valued at approximately $1,440,000. Teton Advisors LLC owned about 0.37% of Titan Machinery at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. American Century Companies Inc. increased its stake in shares of Titan Machinery by 26.6% in the second quarter. American Century Companies Inc. now owns 1,571,648 shares of the company’s stock worth $31,134,000 after acquiring an additional 330,436 shares during the period. Next Century Growth Investors LLC purchased a new stake in Titan Machinery in the second quarter valued at $4,755,000. CenterBook Partners LP boosted its holdings in Titan Machinery by 199.8% in the second quarter. CenterBook Partners LP now owns 216,054 shares of the company’s stock valued at $4,280,000 after purchasing an additional 143,979 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new stake in Titan Machinery during the 2nd quarter worth about $1,999,000. Finally, Bridgeway Capital Management LLC raised its stake in shares of Titan Machinery by 445.7% during the 2nd quarter. Bridgeway Capital Management LLC now owns 111,185 shares of the company’s stock valued at $2,203,000 after buying an additional 90,809 shares during the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

Titan Machinery Stock Down 4.7%

TITN opened at $18.05 on Friday. Titan Machinery Inc. has a fifty-two week low of $12.50 and a fifty-two week high of $23.41. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.24 and a current ratio of 1.36. The company has a fifty day moving average of $17.52 and a two-hundred day moving average of $17.33. The stock has a market capitalization of $421.83 million, a price-to-earnings ratio of -6.64 and a beta of 1.23.

Wall Street Analyst Weigh In

TITN has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Titan Machinery in a report on Thursday, January 22nd. Wall Street Zen upgraded Titan Machinery from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $21.00 price target (down from $24.00) on shares of Titan Machinery in a report on Monday, December 1st. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $21.50.

Titan Machinery Profile

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.