Russell Investments Group Ltd. grew its stake in shares of Titan International, Inc. (NYSE:TWI) by 89.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,178 shares of the industrial products company’s stock after acquiring an additional 39,187 shares during the quarter. Russell Investments Group Ltd. owned about 0.14% of Titan International worth $999,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TWI. Dimensional Fund Advisors LP boosted its holdings in shares of Titan International by 13.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,713,774 shares of the industrial products company’s stock valued at $38,400,000 after acquiring an additional 432,707 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Titan International by 8.7% during the 1st quarter. Vanguard Group Inc. now owns 3,058,650 shares of the industrial products company’s stock valued at $31,626,000 after acquiring an additional 244,283 shares during the last quarter. Capital Fund Management S.A. purchased a new stake in shares of Titan International during the 1st quarter valued at about $819,000. Cortina Asset Management LLC boosted its holdings in shares of Titan International by 16.2% during the 1st quarter. Cortina Asset Management LLC now owns 489,217 shares of the industrial products company’s stock valued at $5,059,000 after acquiring an additional 68,339 shares during the last quarter. Finally, Strs Ohio purchased a new stake in shares of Titan International during the 1st quarter valued at about $587,000. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on TWI. ValuEngine downgraded shares of Titan International from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Zacks Investment Research downgraded shares of Titan International from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. BidaskClub raised shares of Titan International from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, TheStreet raised shares of Titan International from a “d+” rating to a “c-” rating in a report on Friday, June 30th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Titan International currently has a consensus rating of “Hold” and a consensus target price of $14.00.

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Titan International, Inc. (NYSE:TWI) traded up 2.352% during trading on Wednesday, hitting $9.355. 112,107 shares of the company were exchanged. Titan International, Inc. has a 1-year low of $7.97 and a 1-year high of $14.23. The firm’s 50 day moving average price is $9.75 and its 200-day moving average price is $10.79. The stock’s market capitalization is $558.49 million.

Titan International (NYSE:TWI) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.18). Titan International had a negative net margin of 3.23% and a negative return on equity of 10.79%. The company had revenue of $364.40 million for the quarter, compared to analyst estimates of $352.13 million. During the same quarter last year, the company earned ($0.04) EPS. The business’s revenue was up 10.4% compared to the same quarter last year. Equities analysts predict that Titan International, Inc. will post ($0.26) EPS for the current year.

Titan International Profile

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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