Balyasny Asset Management L.P. Takes Position in Titan International, Inc. (NYSE:TWI)

Balyasny Asset Management L.P. acquired a new position in shares of Titan International, Inc. (NYSE:TWI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,886 shares of the industrial products company’s stock, valued at approximately $74,000.

A number of other institutional investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Titan International during the 4th quarter worth about $54,000. Mraz Amerine & Associates Inc. purchased a new position in Titan International during the fourth quarter worth about $74,000. First Trust Advisors LP purchased a new position in Titan International during the fourth quarter worth about $74,000. Miller Financial Services LLC acquired a new stake in shares of Titan International during the fourth quarter valued at about $85,000. Finally, Jump Financial LLC purchased a new stake in shares of Titan International in the 4th quarter valued at approximately $116,000. 80.39% of the stock is owned by hedge funds and other institutional investors.

Titan International Trading Down 1.3%

Shares of TWI stock opened at $7.40 on Tuesday. Titan International, Inc. has a fifty-two week low of $5.93 and a fifty-two week high of $9.60. The company has a 50 day moving average price of $7.48 and a 200 day moving average price of $7.64. The stock has a market capitalization of $471.41 million, a P/E ratio of -61.67 and a beta of 1.95. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.33 and a current ratio of 2.38.

Titan International (NYSE:TWI) last posted its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.03). Titan International had a positive return on equity of 5.76% and a negative net margin of 0.51%. The business had revenue of $490.71 million during the quarter, compared to analyst estimates of $466.86 million. Equities research analysts predict that Titan International, Inc. will post 0.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TWI shares. StockNews.com upgraded Titan International from a “sell” rating to a “hold” rating in a research note on Thursday, May 8th. Cantor Fitzgerald started coverage on Titan International in a report on Thursday, March 20th. They issued an “overweight” rating and a $11.00 price objective on the stock.

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.