Titan International, Inc. (NYSE:TWI) Shares Sold by Royce & Associates LP

Royce & Associates LP lessened its stake in shares of Titan International, Inc. (NYSE:TWI) by 24.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 93,564 shares of the industrial products company’s stock after selling 30,251 shares during the quarter. Royce & Associates LP’s holdings in Titan International were worth $761,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

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

Titan International Stock Performance

Titan International stock opened at $6.78 on Thursday. The stock has a fifty day moving average price of $7.40 and a 200 day moving average price of $7.75. Titan International, Inc. has a 52 week low of $6.34 and a 52 week high of $15.33. The firm has a market capitalization of $428.08 million, a P/E ratio of -56.50 and a beta of 1.82. The company has a current ratio of 2.38, a quick ratio of 1.33 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.