Geode Capital Management LLC boosted its stake in shares of Titan International, Inc. (NYSE:TWI) by 9.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 332,280 shares of the industrial products company’s stock after buying an additional 28,937 shares during the period. Geode Capital Management LLC owned about 0.56% of Titan International worth $3,435,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TWI. Mason Street Advisors LLC boosted its position in shares of Titan International by 17.7% in the first quarter. Mason Street Advisors LLC now owns 11,264 shares of the industrial products company’s stock valued at $116,000 after buying an additional 1,696 shares during the last quarter. State of Tennessee Treasury Department boosted its position in shares of Titan International by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 41,010 shares of the industrial products company’s stock valued at $424,000 after buying an additional 6,189 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Titan International by 6.7% in the first quarter. Ameriprise Financial Inc. now owns 787,731 shares of the industrial products company’s stock valued at $8,146,000 after buying an additional 49,641 shares during the last quarter. Texas Permanent School Fund boosted its position in shares of Titan International by 9.9% in the first quarter. Texas Permanent School Fund now owns 35,092 shares of the industrial products company’s stock valued at $363,000 after buying an additional 3,157 shares during the last quarter. Finally, UBS Asset Management Americas Inc. purchased a new position in shares of Titan International during the first quarter valued at $170,000. 85.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Titan International, Inc. (NYSE:TWI) traded down 0.12% during mid-day trading on Friday, reaching $8.50. 361,732 shares of the company traded hands. The stock’s market capitalization is $507.45 million. Titan International, Inc. has a 52-week low of $8.21 and a 52-week high of $14.23. The company’s 50 day moving average is $11.43 and its 200 day moving average is $11.36.

Titan International (NYSE:TWI) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by $0.18. Titan International had a negative return on equity of 10.79% and a negative net margin of 3.23%. The business had revenue of $364.40 million during the quarter, compared to analyst estimates of $352.13 million. During the same period in the previous year, the business posted ($0.04) earnings per share. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities analysts forecast that Titan International, Inc. will post ($0.26) earnings per share for the current year.

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Several research analysts have recently weighed in on the stock. BidaskClub raised shares of Titan International from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a research report on Friday, June 30th. Zacks Investment Research raised shares of Titan International from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Friday, June 30th. Finally, ValuEngine cut shares of Titan International from a “hold” rating to a “sell” rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Titan International has an average rating of “Hold” and a consensus target price of $14.00.

About Titan International

Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.

Institutional Ownership by Quarter for Titan International (NYSE:TWI)

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