Ghisallo Capital Management LLC Has $3.59 Million Holdings in Titan America SA $TTAM

Ghisallo Capital Management LLC decreased its stake in shares of Titan America SA (NYSE:TTAM) by 52.6% in the 3rd quarter, Holdings Channel reports. The fund owned 240,000 shares of the company’s stock after selling 266,000 shares during the quarter. Ghisallo Capital Management LLC’s holdings in Titan America were worth $3,586,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Entropy Technologies LP bought a new stake in Titan America in the 3rd quarter valued at $158,000. Sei Investments Co. increased its holdings in Titan America by 21.8% during the 3rd quarter. Sei Investments Co. now owns 71,113 shares of the company’s stock worth $1,062,000 after purchasing an additional 12,715 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Titan America by 483.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,306 shares of the company’s stock valued at $199,000 after purchasing an additional 11,025 shares during the period. FourThought Financial Partners LLC acquired a new stake in shares of Titan America in the 3rd quarter valued at about $387,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Titan America by 60.7% in the third quarter. Russell Investments Group Ltd. now owns 119,058 shares of the company’s stock valued at $1,779,000 after purchasing an additional 44,974 shares in the last quarter.

Titan America Trading Down 1.2%

Titan America stock opened at $15.61 on Friday. The company has a market cap of $2.88 billion and a price-to-earnings ratio of 15.76. The firm has a 50-day moving average of $17.63 and a 200-day moving average of $16.30. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.95 and a quick ratio of 1.87. Titan America SA has a one year low of $10.80 and a one year high of $19.42.

Titan America Announces Dividend

The business also recently declared a dividend, which was paid on Monday, December 29th. Shareholders of record on Wednesday, December 17th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, December 17th. Titan America’s payout ratio is 16.16%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TTAM. Citigroup increased their price objective on Titan America from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Jefferies Financial Group boosted their target price on Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Wall Street Zen raised shares of Titan America from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th. Finally, Sanford C. Bernstein lifted their price objective on shares of Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a report on Friday, December 19th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.08.

About Titan America

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”).