Titan International, Inc. (NYSE:TWI) Stake Lessened by MetLife Investment Management LLC

MetLife Investment Management LLC decreased its position in shares of Titan International, Inc. (NYSE:TWI) by 18.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,453 shares of the industrial products company’s stock after selling 5,131 shares during the period. MetLife Investment Management LLC’s holdings in Titan International were worth $191,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings 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 acquiring an additional 1,175,857 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Titan International by 31.9% during the third quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock valued at $13,083,000 after purchasing an additional 388,864 shares during the last quarter. LSV Asset Management boosted its holdings in Titan International by 6.1% during the second quarter. LSV Asset Management now owns 828,300 shares of the industrial products company’s stock worth $6,138,000 after buying an additional 47,600 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Titan International by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock worth $4,118,000 after buying an additional 6,112 shares during the last quarter. Finally, Grace & White Inc. NY grew its position in Titan International by 68.7% in the second quarter. Grace & White Inc. NY now owns 403,828 shares of the industrial products company’s stock worth $2,992,000 after buying an additional 164,500 shares during the last quarter. 80.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Titan International Trading Up 27.9 %

NYSE:TWI opened at $8.89 on Tuesday. The stock has a fifty day simple moving average of $7.18 and a 200 day simple moving average of $7.61. The firm has a market capitalization of $561.31 million, a price-to-earnings ratio of -74.08 and a beta of 1.83. Titan International, Inc. has a 1-year low of $6.34 and a 1-year high of $15.33. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84.

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.