Royce & Associates LP Sells 14,352 Shares of Titan International, Inc. (NYSE:TWI)

Royce & Associates LP decreased its holdings in shares of Titan International, Inc. (NYSE:TWI) by 15.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,212 shares of the industrial products company’s stock after selling 14,352 shares during the quarter. Royce & Associates LP owned about 0.13% of Titan International worth $538,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Titan International by 136.2% during the 4th quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 3,132 shares during the period. Quarry LP bought a new stake in shares of Titan International in the 3rd quarter worth approximately $41,000. FMR LLC lifted its position in shares of Titan International by 43.7% in the 3rd quarter. FMR LLC now owns 5,343 shares of the industrial products company’s stock worth $43,000 after acquiring an additional 1,625 shares during the period. Mraz Amerine & Associates Inc. bought a new stake in shares of Titan International in the 4th quarter worth approximately $74,000. Finally, Miller Financial Services LLC bought a new stake in shares of Titan International in the 4th quarter worth approximately $85,000. Institutional investors own 80.39% of the company’s stock.

Titan International Price Performance

Titan International stock opened at $8.72 on Friday. 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 company has a market capitalization of $550.77 million, a PE ratio of -72.63 and a beta of 1.77. Titan International, Inc. has a one year low of $6.34 and a one year high of $12.94. The business has a 50 day simple moving average of $8.38 and a 200 day simple moving average of $7.71.

Analyst Ratings Changes

A number of analysts have commented on the company. DA Davidson assumed coverage on Titan International in a research report on Friday, December 13th. They issued a “buy” rating and a $11.00 price objective for the company. StockNews.com downgraded Titan International from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Cantor Fitzgerald assumed coverage on Titan International in a research report on Thursday. They issued an “overweight” rating and a $11.00 price objective for the company.

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.