Titan International, Inc. (NYSE:TWI) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its position in Titan International, Inc. (NYSE:TWI) by 34.0% in the third quarter, Holdings Channel.com reports. The firm owned 28,187 shares of the industrial products company’s stock after selling 14,531 shares during the quarter. HighTower Advisors LLC’s holdings in Titan International were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in Titan International by 35.6% in the second quarter. Pacer Advisors Inc. now owns 4,479,660 shares of the industrial products company’s stock valued at $33,194,000 after acquiring an additional 1,175,857 shares during the period. Victory Capital Management Inc. lifted 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 valued at $13,083,000 after purchasing an additional 388,864 shares during the period. LSV Asset Management lifted its stake in shares of Titan International by 6.1% in the second quarter. LSV Asset Management now owns 828,300 shares of the industrial products company’s stock valued at $6,138,000 after purchasing an additional 47,600 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Titan International by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock worth $4,118,000 after buying an additional 6,112 shares in the last quarter. Finally, Donald Smith & CO. Inc. acquired a new position in Titan International during the third quarter worth about $3,234,000. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Titan International Price Performance

Titan International stock opened at $6.99 on Wednesday. The firm has a market capitalization of $441.34 million, a PE ratio of -58.25 and a beta of 1.83. Titan International, Inc. has a 52 week low of $6.34 and a 52 week high of $15.33. The firm’s 50-day simple moving average is $7.23 and its 200 day simple moving average is $7.57. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TWI. StockNews.com downgraded shares of Titan International from a “hold” rating to a “sell” rating in a research report on Thursday, December 19th. DA Davidson began coverage on Titan International in a report on Friday, December 13th. They set a “buy” rating and a $11.00 price objective for the company.

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.