Titan Machinery Inc. (NASDAQ:TITN) Shares Bought by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC grew its position in Titan Machinery Inc. (NASDAQ:TITN) by 28.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 341,832 shares of the company’s stock after purchasing an additional 75,710 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 1.48% of Titan Machinery worth $4,762,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in Titan Machinery in the second quarter valued at approximately $36,000. Canada Pension Plan Investment Board purchased a new stake in shares of Titan Machinery in the 2nd quarter valued at $37,000. nVerses Capital LLC increased its stake in shares of Titan Machinery by 118.2% in the second quarter. nVerses Capital LLC now owns 2,400 shares of the company’s stock worth $38,000 after acquiring an additional 1,300 shares during the period. Truvestments Capital LLC purchased a new position in shares of Titan Machinery during the third quarter worth $41,000. Finally, US Bancorp DE lifted its position in Titan Machinery by 116.2% during the third 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 hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TITN has been the subject of a number of recent research reports. Robert W. Baird reduced their price objective on Titan Machinery from $18.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Craig Hallum decreased their price target on Titan Machinery from $25.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, August 15th. B. Riley dropped their price objective on shares of Titan Machinery from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 3rd. Northland Capmk cut shares of Titan Machinery from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 20th. Finally, Northland Securities reissued a “market perform” rating and set a $25.00 price target on shares of Titan Machinery in a report on Friday, September 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $21.00.

Titan Machinery Trading Down 0.2 %

Shares of NASDAQ:TITN opened at $15.42 on Tuesday. The firm has a market capitalization of $356.66 million, a price-to-earnings ratio of 11.51 and a beta of 1.30. The business’s 50 day moving average price is $14.39 and its 200-day moving average price is $15.57. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.27 and a quick ratio of 0.13. Titan Machinery Inc. has a 1 year low of $12.30 and a 1 year high of $29.30.

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.