Ghisallo Capital Management LLC Has $3.59 Million Stake in Titan America SA $TTAM

Ghisallo Capital Management LLC reduced its holdings in Titan America SA (NYSE:TTAM) by 52.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 240,000 shares of the company’s stock after selling 266,000 shares during the period. Ghisallo Capital Management LLC owned approximately 0.13% of Titan America worth $3,586,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Millennium Management LLC acquired a new stake in Titan America during the 1st quarter worth $9,188,000. Woodline Partners LP acquired a new position in shares of Titan America in the 1st quarter valued at $2,028,000. Jane Street Group LLC bought a new position in shares of Titan America in the 1st quarter worth $1,266,000. Los Angeles Capital Management LLC bought a new stake in Titan America in the second quarter valued at about $568,000. Finally, Geode Capital Management LLC acquired a new position in Titan America in the second quarter valued at about $3,591,000.

Titan America Stock Down 1.2%

NYSE:TTAM opened at $15.61 on Friday. Titan America SA has a 1 year low of $10.80 and a 1 year high of $19.42. The stock has a 50-day moving average price of $17.63 and a two-hundred day moving average price of $16.30. The stock has a market cap of $2.88 billion and a price-to-earnings ratio of 15.76. The company has a current ratio of 2.95, a quick ratio of 1.87 and a debt-to-equity ratio of 0.45.

Titan America Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 29th. Investors of record on Wednesday, December 17th were given a $0.04 dividend. The ex-dividend date was Wednesday, December 17th. Titan America’s payout ratio is currently 16.16%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Sanford C. Bernstein upped their price target on Titan America from $15.00 to $17.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. Jefferies Financial Group boosted their price objective on shares of Titan America from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, December 15th. Wall Street Zen raised shares of Titan America from a “hold” rating to a “buy” rating in a research note on Saturday, November 29th. Finally, Citigroup increased their target price on shares of Titan America from $17.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $17.08.

Titan America Company Profile

Titan America is a leading vertically integrated, multi-regional manufacturer and supplier of heavy building materials and services operating primarily on the Eastern Seaboard of the United States (the “Eastern Seaboard”). We are a leading provider of materials that contribute to lower carbon emissions than traditional building materials and/or beneficial reuse of waste materials. We are a leading provider of heavy building materials in Florida, the New York and New Jersey Metropolitan area (“Metro New York”), Virginia, North Carolina and South Carolina (Virginia and the Carolinas, together with Metro New York and their adjacent areas, the “Mid-Atlantic”).