Proficio Capital Partners LLC Takes Position in Titan International, Inc. (NYSE:TWI)

Proficio Capital Partners LLC purchased a new position in shares of Titan International, Inc. (NYSE:TWI) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 18,571 shares of the industrial products company’s stock, valued at approximately $126,000.

Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its position in shares of Titan International by 21.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,953,866 shares of the industrial products company’s stock worth $13,267,000 after purchasing an additional 344,658 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Titan International by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 506,551 shares of the industrial products company’s stock valued at $4,118,000 after buying an additional 6,112 shares in the last quarter. Empowered Funds LLC boosted its position in Titan International by 5.1% in the 4th quarter. Empowered Funds LLC now owns 312,387 shares of the industrial products company’s stock valued at $2,121,000 after buying an additional 15,245 shares during the period. Principal Financial Group Inc. grew its stake in Titan International by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 232,819 shares of the industrial products company’s stock worth $1,581,000 after acquiring an additional 1,464 shares in the last quarter. Finally, Capital Investment Counsel Inc increased its position in shares of Titan International by 21.3% during the fourth quarter. Capital Investment Counsel Inc now owns 143,878 shares of the industrial products company’s stock worth $977,000 after acquiring an additional 25,275 shares during the period. Hedge funds and other institutional investors own 80.39% of the company’s stock.

Titan International Price Performance

Shares of TWI opened at $8.60 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38. The company has a 50 day moving average price of $8.56 and a 200-day moving average price of $7.74. Titan International, Inc. has a fifty-two week low of $6.34 and a fifty-two week high of $12.77. The stock has a market capitalization of $543.31 million, a PE ratio of -71.64 and a beta of 1.77.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Cantor Fitzgerald initiated coverage on Titan International in a report on Thursday, March 20th. They issued an “overweight” rating and a $11.00 price target for the company. DA Davidson assumed coverage on Titan International in a report on Friday, December 13th. They issued a “buy” rating and a $11.00 target price for the company. Finally, StockNews.com upgraded Titan International from a “sell” rating to a “hold” rating in a research note on Saturday.

Titan International Company 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.