Clear Harbor Asset Management LLC Sells 4,900 Shares of Titan International, Inc. (NYSE:TWI)

Clear Harbor Asset Management LLC cut its position in shares of Titan International, Inc. (NYSE:TWI) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,800 shares of the industrial products company’s stock after selling 4,900 shares during the quarter. Clear Harbor Asset Management LLC owned about 0.21% of Titan International worth $1,242,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in shares of Titan International by 2,689.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,220,344 shares of the industrial products company’s stock valued at $9,043,000 after buying an additional 1,176,593 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Titan International by 35.6% during the second quarter. Pacer Advisors Inc. now owns 4,479,660 shares of the industrial products company’s stock worth $33,194,000 after acquiring an additional 1,175,857 shares in the last quarter. Denali Advisors LLC grew its holdings in Titan International by 582.0% in the second quarter. Denali Advisors LLC now owns 276,887 shares of the industrial products company’s stock worth $2,052,000 after purchasing an additional 236,287 shares during the period. Grace & White Inc. NY increased its stake in shares of Titan International by 68.7% during the second quarter. Grace & White Inc. NY now owns 403,828 shares of the industrial products company’s stock valued at $2,992,000 after purchasing an additional 164,500 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Titan International by 33.8% during the first quarter. Empowered Funds LLC now owns 261,660 shares of the industrial products company’s stock valued at $3,260,000 after purchasing an additional 66,151 shares during the last quarter. 80.39% of the stock is currently owned by institutional investors.

Titan International Stock Performance

Shares of TWI opened at $6.98 on Friday. The company has a quick ratio of 1.38, a current ratio of 2.40 and a debt-to-equity ratio of 0.87. The stock has a market cap of $508.64 million, a P/E ratio of 7.84 and a beta of 1.79. The business’s 50 day moving average price is $7.76 and its 200-day moving average price is $8.33. Titan International, Inc. has a 52 week low of $6.71 and a 52 week high of $15.33.

Titan International (NYSE:TWI) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). The firm had revenue of $532.17 million during the quarter, compared to the consensus estimate of $547.02 million. Titan International had a return on equity of 12.23% and a net margin of 1.55%. Equities research analysts anticipate that Titan International, Inc. will post 0.41 earnings per share for the current fiscal year.

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.