Readystate Asset Management LP Invests $355,000 in Titan International, Inc. (NYSE:TWI)

Readystate Asset Management LP acquired a new stake in shares of Titan International, Inc. (NYSE:TWI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 43,705 shares of the industrial products company’s stock, valued at approximately $355,000. Readystate Asset Management LP owned about 0.07% of Titan International as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in Titan International by 31.9% during the third quarter. Victory Capital Management Inc. now owns 1,609,208 shares of the industrial products company’s stock valued at $13,083,000 after purchasing an additional 388,864 shares in the last quarter. Donald Smith & CO. Inc. bought a new stake in shares of Titan International in the third quarter worth about $3,234,000. Creative Planning increased its stake in Titan International by 80.2% during the third quarter. Creative Planning now owns 73,151 shares of the industrial products company’s stock worth $595,000 after acquiring an additional 32,562 shares during the last quarter. Denali Advisors LLC increased its stake in Titan International by 582.0% during the second quarter. Denali Advisors LLC now owns 276,887 shares of the industrial products company’s stock worth $2,052,000 after acquiring an additional 236,287 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Titan International by 0.3% during the first quarter. Vanguard Group Inc. now owns 3,878,594 shares of the industrial products company’s stock worth $48,327,000 after acquiring an additional 10,537 shares during the last quarter. Institutional investors own 80.39% of the company’s stock.

Titan International Stock Performance

Shares of TWI opened at $7.06 on Friday. Titan International, Inc. has a 12 month low of $6.34 and a 12 month high of $15.33. The stock has a fifty day moving average price of $7.19 and a 200-day moving average price of $7.62. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. The firm has a market cap of $445.76 million, a PE ratio of -58.83 and a beta of 1.83.

Analysts Set New Price Targets

Separately, StockNews.com raised Titan International from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

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.