Metis Global Partners LLC Makes New $119,000 Investment in Titan International, Inc. (NYSE:TWI)

Metis Global Partners LLC purchased a new position in Titan International, Inc. (NYSE:TWI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,627 shares of the industrial products company’s stock, valued at approximately $119,000.

Other hedge funds also recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in Titan International during the 2nd quarter worth approximately $27,000. Gladius Capital Management LP acquired a new stake in shares of Titan International during the second quarter worth $30,000. nVerses Capital LLC lifted its position in Titan International by 344.4% in the 2nd quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 3,100 shares in the last quarter. CWM LLC boosted its stake in Titan International by 46.8% in the 2nd quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 2,819 shares during the period. Finally, SG Americas Securities LLC bought a new position in Titan International during the 2nd quarter worth about $101,000. Institutional investors and hedge funds own 80.39% of the company’s stock.

Analysts Set New Price Targets

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

Titan International Trading Down 1.9 %

NYSE:TWI opened at $6.72 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. Titan International, Inc. has a twelve month low of $6.34 and a twelve month high of $15.33. The company has a market cap of $424.29 million, a P/E ratio of -56.00 and a beta of 1.82. The business has a 50 day moving average price of $7.43 and a two-hundred day moving average price of $7.77.

Titan International 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.