Praetorian PR LLC Has $8.43 Million Holdings in Titan Machinery Inc. (NASDAQ:TITN)

Praetorian PR LLC reduced its position in shares of Titan Machinery Inc. (NASDAQ:TITN) by 5.5% during the third quarter, Holdings Channel.com reports. The fund owned 605,000 shares of the company’s stock after selling 35,000 shares during the quarter. Titan Machinery accounts for approximately 3.3% of Praetorian PR LLC’s investment portfolio, making the stock its 7th largest position. Praetorian PR LLC’s holdings in Titan Machinery were worth $8,428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in shares of Titan Machinery during the 2nd quarter valued at $36,000. Canada Pension Plan Investment Board acquired a new stake in shares of Titan Machinery during the second quarter worth $37,000. nVerses Capital LLC raised its position in shares of Titan Machinery by 118.2% during the second quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $38,000 after purchasing an additional 1,300 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Titan Machinery during the third quarter valued at $41,000. Finally, US Bancorp DE boosted its position in shares of Titan Machinery by 116.2% in the 3rd quarter. US Bancorp DE now owns 3,120 shares of the company’s stock valued at $43,000 after purchasing an additional 1,677 shares during the period. 78.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on TITN. B. Riley reduced their price objective on shares of Titan Machinery from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, September 3rd. Northland Securities restated a “market perform” rating and issued a $25.00 price target on shares of Titan Machinery in a research report on Friday, September 13th. Northland Capmk cut shares of Titan Machinery from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Lake Street Capital cut Titan Machinery from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a research report on Thursday, August 15th. Finally, Craig Hallum lowered their price target on Titan Machinery from $25.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.00.

Titan Machinery Trading Down 1.5 %

Shares of NASDAQ:TITN opened at $15.45 on Friday. Titan Machinery Inc. has a 12-month low of $12.30 and a 12-month high of $29.30. The company has a quick ratio of 0.13, a current ratio of 1.27 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $357.36 million, a P/E ratio of 11.54 and a beta of 1.25. The firm has a fifty day moving average of $14.37 and a two-hundred day moving average of $15.73.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Thursday, August 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). Titan Machinery had a net margin of 1.10% and a return on equity of 5.93%. The firm had revenue of $633.70 million for the quarter, compared to analyst estimates of $645.28 million. During the same period in the previous year, the business posted $1.38 EPS. Titan Machinery’s revenue for the quarter was down 1.4% on a year-over-year basis. On average, equities analysts expect that Titan Machinery Inc. will post 0.21 EPS for the current fiscal year.

About Titan Machinery

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.