Verition Fund Management LLC Boosts Stake in Titan International, Inc. (NYSE:TWI)

Verition Fund Management LLC increased its position in shares of Titan International, Inc. (NYSE:TWI) by 396.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,738 shares of the industrial products company’s stock after buying an additional 45,313 shares during the quarter. Verition Fund Management LLC’s holdings in Titan International were worth $461,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TWI. Innealta Capital LLC acquired a new stake in shares of Titan International in the second quarter valued at approximately $27,000. Gladius Capital Management LP purchased a new stake in Titan International in the 2nd quarter valued at $30,000. nVerses Capital LLC boosted its stake in Titan International by 344.4% during the 2nd quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 3,100 shares during the period. FMR LLC grew its position in Titan International by 43.7% during the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 1,625 shares during the last quarter. Finally, CWM LLC increased its stake in Titan International by 46.8% in the second quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock valued at $65,000 after purchasing an additional 2,819 shares during the period. Institutional investors and hedge funds own 80.39% of the company’s stock.

Wall Street Analyst Weigh In

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

Titan International Stock Up 4.2 %

Titan International stock opened at $8.01 on Thursday. The stock has a market capitalization of $505.74 million, a price-to-earnings ratio of -66.75 and a beta of 1.83. 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 stock has a 50 day moving average of $7.18 and a two-hundred day moving average of $7.61. Titan International, Inc. has a twelve month low of $6.34 and a twelve month high of $15.33.

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.