Jacobs Levy Equity Management Inc. Has $7.03 Million Stock Holdings in Titan International, Inc. (NYSE:TWI)

Jacobs Levy Equity Management Inc. lessened its holdings in Titan International, Inc. (NYSE:TWI) by 2.9% during the first quarter, HoldingsChannel.com reports. The fund owned 563,933 shares of the industrial products company’s stock after selling 16,598 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Titan International were worth $7,027,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Byrne Asset Management LLC bought a new stake in shares of Titan International in the 1st quarter valued at $25,000. Tradewinds Capital Management LLC bought a new position in shares of Titan International in the 1st quarter worth about $100,000. ProShare Advisors LLC bought a new stake in shares of Titan International during the 1st quarter valued at about $129,000. Boulder Hill Capital Management LP bought a new stake in Titan International in the fourth quarter worth approximately $161,000. Finally, Diversified Trust Co acquired a new position in Titan International in the first quarter valued at approximately $194,000. 80.39% of the stock is currently owned by institutional investors and hedge funds.

Titan International Stock Up 1.8 %

NYSE:TWI traded up $0.15 during trading hours on Tuesday, reaching $8.51. The company had a trading volume of 552,337 shares, compared to its average volume of 488,180. Titan International, Inc. has a twelve month low of $6.71 and a twelve month high of $15.33. The company has a quick ratio of 1.31, a current ratio of 2.33 and a debt-to-equity ratio of 0.88. The firm has a market cap of $620.12 million, a price-to-earnings ratio of 9.40 and a beta of 1.86. The business’s 50-day simple moving average is $7.71 and its two-hundred day simple moving average is $10.84.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). Titan International had a net margin of 3.20% and a return on equity of 17.27%. The firm had revenue of $482.21 million during the quarter, compared to analyst estimates of $537.32 million. During the same period last year, the business posted $0.53 EPS. On average, equities analysts expect that Titan International, Inc. will post 0.91 earnings per share for the current year.

Titan International Company 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.