Quantbot Technologies LP Boosts Holdings in Titan International, Inc. (NYSE:TWI)

Quantbot Technologies LP boosted its position in shares of Titan International, Inc. (NYSE:TWIFree Report) by 20.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,564 shares of the industrial products company’s stock after buying an additional 1,935 shares during the quarter. Quantbot Technologies LP’s holdings in Titan International were worth $155,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in Titan International by 3.9% during the second quarter. BlackRock Inc. now owns 9,403,656 shares of the industrial products company’s stock valued at $107,954,000 after buying an additional 350,189 shares during the period. Vanguard Group Inc. grew its position in shares of Titan International by 4.2% in the third quarter. Vanguard Group Inc. now owns 4,071,404 shares of the industrial products company’s stock valued at $49,426,000 after purchasing an additional 162,301 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Titan International by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,914,404 shares of the industrial products company’s stock valued at $33,458,000 after purchasing an additional 8,184 shares during the period. State Street Corp grew its position in shares of Titan International by 5.8% in the second quarter. State Street Corp now owns 1,829,790 shares of the industrial products company’s stock valued at $27,630,000 after purchasing an additional 99,792 shares during the period. Finally, Invesco Ltd. grew its position in shares of Titan International by 6.7% in the first quarter. Invesco Ltd. now owns 1,563,622 shares of the industrial products company’s stock valued at $23,032,000 after purchasing an additional 97,589 shares during the period. Institutional investors and hedge funds own 80.39% of the company’s stock.

Titan International Stock Down 1.9 %

Shares of NYSE TWI opened at $13.97 on Monday. The company’s 50-day simple moving average is $14.47 and its 200-day simple moving average is $13.18. Titan International, Inc. has a 52-week low of $9.23 and a 52-week high of $16.03. The firm has a market cap of $864.60 million, a price-to-earnings ratio of 7.16 and a beta of 2.17. The company has a quick ratio of 1.39, a current ratio of 2.35 and a debt-to-equity ratio of 0.95.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Titan International from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd.

Read Our Latest Stock Report on TWI

About Titan International

(Free Report)

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

See Also

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

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