BARING ASSET MANAGEMENT Ltd maintained its stake in shares of Titan Machinery Inc. (NASDAQ:TITN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,364 shares of the company’s stock at the end of the second quarter. BARING ASSET MANAGEMENT Ltd owned approximately 0.15% of Titan Machinery worth $582,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TITN. Rhumbline Advisers boosted its stake in shares of Titan Machinery by 2.6% in the second quarter. Rhumbline Advisers now owns 21,909 shares of the company’s stock valued at $394,000 after buying an additional 545 shares during the last quarter. American International Group Inc. raised its stake in Titan Machinery by 7.2% in the first quarter. American International Group Inc. now owns 10,919 shares of the company’s stock valued at $167,000 after buying an additional 729 shares during the period. Acadian Asset Management LLC raised its stake in Titan Machinery by 0.3% in the first quarter. Acadian Asset Management LLC now owns 346,117 shares of the company’s stock valued at $5,310,000 after buying an additional 961 shares during the period. Teton Advisors Inc. raised its stake in Titan Machinery by 0.9% in the first quarter. Teton Advisors Inc. now owns 116,933 shares of the company’s stock valued at $1,794,000 after buying an additional 1,000 shares during the period. Finally, Teachers Advisors LLC raised its stake in Titan Machinery by 6.9% in the fourth quarter. Teachers Advisors LLC now owns 31,879 shares of the company’s stock valued at $464,000 after buying an additional 2,050 shares during the period. 80.15% of the stock is owned by institutional investors and hedge funds.

Shares of Titan Machinery Inc. (NASDAQ:TITN) opened at 16.20 on Friday. The company has a 50-day moving average price of $17.52 and a 200 day moving average price of $15.88. The firm’s market capitalization is $346.23 million. Titan Machinery Inc. has a 12-month low of $8.68 and a 12-month high of $19.22.

Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings results on Thursday, May 25th. The company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.13) by $0.06. The company had revenue of $264.10 million during the quarter, compared to the consensus estimate of $257 million. Titan Machinery had a negative net margin of 1.37% and a negative return on equity of 4.11%. The firm’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.21) earnings per share. Equities research analysts expect that Titan Machinery Inc. will post $0.03 earnings per share for the current fiscal year.

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TITN has been the subject of several analyst reports. ValuEngine upgraded Titan Machinery from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Titan Machinery from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday, June 30th. BidaskClub lowered Titan Machinery from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Piper Jaffray Companies set a $18.00 target price on Titan Machinery and gave the stock a “hold” rating in a report on Friday, August 4th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Titan Machinery currently has a consensus rating of “Hold” and an average price target of $18.67.

In other news, Chairman David Joseph Meyer sold 44,950 shares of Titan Machinery stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $17.25, for a total transaction of $775,387.50. Following the completion of the transaction, the chairman now directly owns 724,660 shares in the company, valued at approximately $12,500,385. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.08% of the company’s stock.

Titan Machinery Company Profile

Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.

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Institutional Ownership by Quarter for Titan Machinery (NASDAQ:TITN)

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