Titan International, Inc. (NYSE:TWI) Shares Bought by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC increased its position in shares of Titan International, Inc. (NYSE:TWI) by 52.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,099 shares of the industrial products company’s stock after buying an additional 63,815 shares during the period. Essex Investment Management Co. LLC owned approximately 0.31% of Titan International worth $2,223,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its stake in Titan International by 13.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,713,774 shares of the industrial products company’s stock worth $38,400,000 after buying an additional 432,707 shares during the last quarter. FMR LLC bought a new stake in Titan International during the fourth quarter worth about $3,443,000. Hennessy Advisors Inc. acquired a new position in shares of Titan International during the first quarter valued at $3,071,000. Vanguard Group Inc. increased its position in shares of Titan International by 8.7% in the first quarter. Vanguard Group Inc. now owns 3,058,650 shares of the industrial products company’s stock valued at $31,626,000 after buying an additional 244,283 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Titan International by 17.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 600,000 shares of the industrial products company’s stock valued at $7,206,000 after buying an additional 90,000 shares during the period. 85.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Titan International, Inc. (TWI) opened at 8.51 on Friday. The firm’s market capitalization is $508.05 million. The stock’s 50 day moving average price is $11.53 and its 200-day moving average price is $11.40. Titan International, Inc. has a 12-month low of $8.50 and a 12-month high of $14.23.

Titan International (NYSE:TWI) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by $0.18. Titan International had a negative return on equity of 10.79% and a negative net margin of 3.23%. The firm had revenue of $364.40 million during the quarter, compared to analyst estimates of $352.13 million. During the same period in the prior year, the business posted ($0.04) EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities analysts expect that Titan International, Inc. will post ($0.26) EPS for the current year.

TWI has been the subject of several analyst reports. TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a report on Friday, June 30th. Zacks Investment Research downgraded Titan International from a “buy” rating to a “hold” rating in a report on Saturday, July 1st. BidaskClub upgraded Titan International from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, ValuEngine downgraded Titan International from a “hold” rating to a “sell” rating in a report on Wednesday. Three analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $14.00.

Titan International Company Profile

Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.