Verition Fund Management LLC Increases Stock Holdings in Titan International, Inc. (NYSE:TWI)

Verition Fund Management LLC grew its holdings in shares of Titan International, Inc. (NYSE:TWI) by 396.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,738 shares of the industrial products company’s stock after purchasing an additional 45,313 shares during the period. Verition Fund Management LLC owned about 0.09% of Titan International worth $461,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Pacer Advisors Inc. increased its stake in Titan International by 35.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,479,660 shares of the industrial products company’s stock worth $33,194,000 after buying an additional 1,175,857 shares during the period. Victory Capital Management Inc. grew its stake in shares of Titan International by 31.9% in the third quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock worth $13,083,000 after acquiring an additional 388,864 shares in the last quarter. LSV Asset Management increased its position in shares of Titan International by 6.1% during the second quarter. LSV Asset Management now owns 828,300 shares of the industrial products company’s stock worth $6,138,000 after acquiring an additional 47,600 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Titan International by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock valued at $4,118,000 after acquiring an additional 6,112 shares in the last quarter. Finally, Grace & White Inc. NY boosted its holdings in Titan International by 68.7% in the second quarter. Grace & White Inc. NY now owns 403,828 shares of the industrial products company’s stock valued at $2,992,000 after purchasing an additional 164,500 shares during the period. 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 report on Wednesday, November 13th.

Titan International Stock Up 4.2 %

Shares of Titan International stock opened at $8.01 on Thursday. 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 52-week low of $6.34 and a 52-week high of $15.33. The company has a market capitalization of $505.74 million, a P/E ratio of -66.75 and a beta of 1.83. The company has a 50 day moving average of $7.18 and a 200 day moving average of $7.61.

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.