Cibc World Market Inc. Makes New $200,000 Investment in Titan International, Inc. (NYSE:TWI)

Cibc World Market Inc. acquired a new stake in Titan International, Inc. (NYSE:TWIGet Rating) in the 2nd quarter, HoldingsChannel reports. The fund acquired 13,216 shares of the industrial products company’s stock, valued at approximately $200,000.

Other hedge funds have also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. lifted its holdings in Titan International by 0.4% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 218,217 shares of the industrial products company’s stock valued at $3,214,000 after acquiring an additional 805 shares during the period. Van ECK Associates Corp increased its position in shares of Titan International by 50.0% during the second quarter. Van ECK Associates Corp now owns 2,535 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 845 shares in the last quarter. Texas Permanent School Fund raised its position in shares of Titan International by 2.4% in the second quarter. Texas Permanent School Fund now owns 37,135 shares of the industrial products company’s stock valued at $561,000 after buying an additional 871 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Titan International by 65.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,516 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 1,388 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC increased its holdings in shares of Titan International by 25.9% in the second quarter. Counterpoint Mutual Funds LLC now owns 7,963 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 1,640 shares during the last quarter. Hedge funds and other institutional investors own 78.62% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Titan International in a research note on Wednesday, October 12th. They set a “buy” rating on the stock.

Insider Activity

In related news, CEO Paul G. Reitz sold 25,000 shares of the firm’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $14.66, for a total transaction of $366,500.00. Following the completion of the sale, the chief executive officer now directly owns 227,413 shares of the company’s stock, valued at approximately $3,333,874.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 19.60% of the company’s stock.

Titan International Trading Down 0.8 %

TWI opened at $15.25 on Friday. The stock has a market capitalization of $958.31 million, a PE ratio of 5.98 and a beta of 2.31. Titan International, Inc. has a one year low of $6.69 and a one year high of $19.81. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.04 and a current ratio of 1.91. The business’s 50 day moving average price is $13.78 and its 200 day moving average price is $15.09.

About Titan International

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Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in North America, Europe, Latin America, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally.

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Institutional Ownership by Quarter for Titan International (NYSE:TWI)

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