Fishman Jay A Ltd. MI Sells 18,305 Shares of Titan International, Inc. (NYSE:TWI)

Fishman Jay A Ltd. MI reduced its holdings in shares of Titan International, Inc. (NYSE:TWI) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,220,507 shares of the industrial products company’s stock after selling 18,305 shares during the period. Titan International comprises approximately 1.4% of Fishman Jay A Ltd. MI’s portfolio, making the stock its 15th biggest holding. Fishman Jay A Ltd. MI owned about 3.52% of Titan International worth $15,077,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Villanova Investment Management Co LLC purchased a new stake in Titan International during the 3rd quarter valued at about $1,110,000. Total Clarity Wealth Management Inc. purchased a new position in shares of Titan International in the fourth quarter worth $193,000. Victory Capital Management Inc. raised its holdings in Titan International by 31.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock valued at $13,083,000 after buying an additional 388,864 shares during the last quarter. Barclays PLC boosted its position in Titan International by 207.1% during the 3rd quarter. Barclays PLC now owns 107,669 shares of the industrial products company’s stock valued at $877,000 after buying an additional 72,612 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Titan International by 136.2% in the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 3,132 shares during the last quarter. 80.39% of the stock is owned by hedge funds and other institutional investors.

Titan International Stock Up 2.3 %

Shares of Titan International stock opened at $9.14 on Wednesday. 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 12-month low of $6.34 and a 12-month high of $14.73. The company’s fifty day simple moving average is $7.57 and its two-hundred day simple moving average is $7.59.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TWI shares. StockNews.com raised shares of Titan International from a “sell” rating to a “hold” rating in a research note on Wednesday. DA Davidson started coverage on Titan International in a research report on Friday, December 13th. They set a “buy” rating and a $11.00 price target for the company.

Titan International Profile

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.