Titan International, Inc. (NYSE:TWI) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its holdings in Titan International, Inc. (NYSE:TWI) by 25.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,976 shares of the industrial products company’s stock after selling 5,931 shares during the quarter. New York State Teachers Retirement System’s holdings in Titan International were worth $115,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Titan International by 136.2% during the fourth quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock worth $37,000 after buying an additional 3,132 shares during the period. Quarry LP purchased a new position in Titan International in the 3rd quarter valued at about $41,000. FMR LLC boosted its stake in shares of Titan International by 43.7% in the third quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 1,625 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of Titan International during the third quarter worth $92,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Titan International in the third quarter valued at approximately $117,000. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on TWI. StockNews.com upgraded shares of Titan International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th. DA Davidson initiated coverage on shares of Titan International in a report on Friday, December 13th. They set a “buy” rating and a $11.00 target price on the stock.

Titan International Stock Down 1.9 %

Shares of NYSE TWI opened at $8.63 on Tuesday. The company has a market capitalization of $544.58 million, a price-to-earnings ratio of -71.88 and a beta of 1.82. 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 $14.27. The business has a 50-day moving average of $7.82 and a two-hundred day moving average of $7.65.

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.