English Capital Management LLC Has $3.98 Million Stock Position in Titan Machinery Inc. (NASDAQ:TITN)

English Capital Management LLC increased its stake in Titan Machinery Inc. (NASDAQ:TITN) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 281,853 shares of the company’s stock after buying an additional 3,000 shares during the quarter. Titan Machinery makes up 3.0% of English Capital Management LLC’s holdings, making the stock its 16th biggest position. English Capital Management LLC owned about 1.22% of Titan Machinery worth $3,983,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TITN. R Squared Ltd bought a new stake in Titan Machinery in the fourth quarter valued at approximately $26,000. Truvestments Capital LLC bought a new stake in Titan Machinery in the 3rd quarter valued at $41,000. US Bancorp DE lifted its holdings in Titan Machinery by 23.8% during the 4th quarter. US Bancorp DE now owns 3,861 shares of the company’s stock valued at $55,000 after purchasing an additional 741 shares during the last quarter. FMR LLC boosted its position in Titan Machinery by 142.5% during the third quarter. FMR LLC now owns 5,262 shares of the company’s stock worth $73,000 after purchasing an additional 3,092 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Titan Machinery by 91.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,611 shares of the company’s stock valued at $122,000 after purchasing an additional 4,103 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Titan Machinery Stock Performance

TITN opened at $17.05 on Friday. The firm has a market cap of $394.30 million, a P/E ratio of 12.72 and a beta of 1.28. The business’s fifty day moving average is $16.70 and its 200-day moving average is $15.11. Titan Machinery Inc. has a 52-week low of $12.30 and a 52-week high of $24.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.15 and a current ratio of 1.32.

Analysts Set New Price Targets

Several brokerages recently commented on TITN. Robert W. Baird reduced their target price on shares of Titan Machinery from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Friday. Baird R W upgraded Titan Machinery from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Titan Machinery currently has a consensus rating of “Hold” and a consensus price target of $19.00.

Titan Machinery Company Profile

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.