Sanctuary Advisors LLC Purchases Shares of 16,608 Titan Machinery Inc. (NASDAQ:TITN)

Sanctuary Advisors LLC purchased a new stake in Titan Machinery Inc. (NASDAQ:TITN) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,608 shares of the company’s stock, valued at approximately $264,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Titan Machinery by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 1,164,276 shares of the company’s stock worth $28,886,000 after acquiring an additional 9,548 shares during the period. American Century Companies Inc. lifted its holdings in shares of Titan Machinery by 11.3% during the 2nd quarter. American Century Companies Inc. now owns 1,155,535 shares of the company’s stock worth $18,373,000 after acquiring an additional 117,577 shares during the period. Dana Investment Advisors Inc. lifted its holdings in shares of Titan Machinery by 32.9% during the 2nd quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock worth $6,114,000 after acquiring an additional 95,221 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Titan Machinery by 28.8% during the 2nd quarter. Victory Capital Management Inc. now owns 363,011 shares of the company’s stock worth $5,772,000 after acquiring an additional 81,248 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Titan Machinery by 39.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 334,511 shares of the company’s stock worth $5,319,000 after acquiring an additional 94,250 shares during the period. 78.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. B. Riley reduced their price objective on shares of Titan Machinery from $20.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, September 3rd. Robert W. Baird dropped their target price on shares of Titan Machinery from $18.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Northland Securities reiterated a “market perform” rating and set a $25.00 target price on shares of Titan Machinery in a research report on Friday, September 13th. Northland Capmk cut shares of Titan Machinery from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Finally, Lake Street Capital cut shares of Titan Machinery from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Titan Machinery currently has an average rating of “Hold” and a consensus price target of $21.00.

Titan Machinery Trading Up 0.2 %

TITN opened at $14.97 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $346.26 million, a PE ratio of 5.78 and a beta of 1.26. Titan Machinery Inc. has a 1-year low of $12.30 and a 1-year high of $29.30. The firm has a 50-day moving average price of $14.00 and a two-hundred day moving average price of $17.42.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings data on Thursday, August 29th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.09). The company had revenue of $633.70 million during the quarter, compared to analyst estimates of $645.28 million. Titan Machinery had a net margin of 2.11% and a return on equity of 10.38%. The company’s revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.38 EPS. As a group, equities analysts anticipate that Titan Machinery Inc. will post 0.21 earnings per share for the current fiscal year.

Titan Machinery Profile

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.