178,281 Shares in Titan International, Inc. (NYSE:TWI) Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC purchased a new stake in Titan International, Inc. (NYSE:TWI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 178,281 shares of the industrial products company’s stock, valued at approximately $1,211,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in shares of Titan International by 136.2% in the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock valued at $37,000 after buying an additional 3,132 shares in the last quarter. Quarry LP purchased a new stake in Titan International in the third quarter valued at $41,000. FMR LLC boosted its stake in Titan International by 43.7% in the third quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock valued at $43,000 after acquiring an additional 1,625 shares in the last quarter. Mraz Amerine & Associates Inc. acquired a new position in Titan International in the fourth quarter valued at $74,000. Finally, Miller Financial Services LLC purchased a new position in shares of Titan International during the fourth quarter worth about $85,000. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TWI shares. DA Davidson began coverage on Titan International in a report on Friday, December 13th. They issued a “buy” rating and a $11.00 target price for the company. StockNews.com raised Titan International from a “sell” rating to a “hold” rating in a research report on Wednesday, February 12th.

Titan International Stock Up 4.0 %

Shares of NYSE:TWI opened at $8.21 on Monday. Titan International, Inc. has a 1-year low of $6.34 and a 1-year high of $12.95. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33. The stock has a market cap of $518.54 million, a P/E ratio of -68.38 and a beta of 1.77. The firm has a fifty day moving average price of $8.21 and a 200 day moving average price of $7.70.

About Titan International

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.