Victory Capital Management Inc. Has $13.08 Million Stock Holdings in Titan International, Inc. (NYSE:TWI)

Victory Capital Management Inc. grew its holdings in Titan International, Inc. (NYSE:TWI) by 31.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,609,208 shares of the industrial products company’s stock after purchasing an additional 388,864 shares during the quarter. Victory Capital Management Inc.’s holdings in Titan International were worth $13,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in TWI. Pacer Advisors Inc. increased its position in Titan International by 35.6% in the 2nd quarter. Pacer Advisors Inc. now owns 4,479,660 shares of the industrial products company’s stock valued at $33,194,000 after buying an additional 1,175,857 shares in the last quarter. Vanguard Group Inc. increased its position in Titan International by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 3,878,594 shares of the industrial products company’s stock valued at $48,327,000 after buying an additional 10,537 shares in the last quarter. LSV Asset Management increased its position in Titan International by 6.1% in the 2nd quarter. LSV Asset Management now owns 828,300 shares of the industrial products company’s stock valued at $6,138,000 after buying an additional 47,600 shares in the last quarter. Grace & White Inc. NY increased its position in Titan International by 68.7% in the 2nd quarter. Grace & White Inc. NY now owns 403,828 shares of the industrial products company’s stock valued at $2,992,000 after buying an additional 164,500 shares in the last quarter. Finally, Donald Smith & CO. Inc. bought a new stake in Titan International during the 3rd quarter worth approximately $3,234,000. 80.39% of the stock is owned by institutional investors and hedge funds.

Titan International Stock Performance

Shares of TWI opened at $6.78 on Thursday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The stock has a 50 day moving average price of $7.40 and a two-hundred day moving average price of $7.75. The firm has a market capitalization of $428.08 million, a P/E ratio of -56.00 and a beta of 1.82. Titan International, Inc. has a 52 week low of $6.34 and a 52 week high of $15.33.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Titan International from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th.

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.