MetLife Investment Management LLC Decreases Stock Holdings in Titan International, Inc. (NYSE:TWI)

MetLife Investment Management LLC lowered its holdings in Titan International, Inc. (NYSE:TWI) by 18.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,453 shares of the industrial products company’s stock after selling 5,131 shares during the period. MetLife Investment Management LLC’s holdings in Titan International were worth $191,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Innealta Capital LLC purchased a new position in Titan International in the 2nd quarter valued at about $27,000. nVerses Capital LLC boosted its holdings in shares of Titan International by 344.4% in the 2nd quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock valued at $30,000 after buying an additional 3,100 shares during the period. Gladius Capital Management LP acquired a new position in Titan International in the second quarter valued at approximately $30,000. FMR LLC boosted its position in Titan International by 43.7% during the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 1,625 shares during the period. Finally, CWM LLC boosted its holdings in shares of Titan International by 46.8% during the second quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock valued at $65,000 after acquiring an additional 2,819 shares during the period. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

Titan International Stock Up 27.9 %

Shares of Titan International stock opened at $8.89 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. Titan International, Inc. has a 1-year low of $6.34 and a 1-year high of $15.33. The business’s fifty day moving average price is $7.18 and its two-hundred day moving average price is $7.61. The company has a market capitalization of $561.31 million, a P/E ratio of -74.08 and a beta of 1.83.

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.