American Century Companies Inc. Purchases 141,256 Shares of Titan International, Inc. $TWI

American Century Companies Inc. increased its stake in Titan International, Inc. by 13.2% in Q2, purchasing an additional 141,256 shares. The firm now owns 1,212,683 shares, valued at $12,454,000. Other hedge funds also adjusted their positions in TWI. Titan International's stock is currently owned 80.39% by institutional investors. The company reported Q3 earnings of $0.04 per share, beating estimates. Analysts have a consensus rating of 'Moderate Buy' with a target price of $11.33.

American Century Companies Inc. boosted its position in shares of Titan International, Inc. (NYSE:TWI - Free Report) by 13.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,212,683 shares of the industrial products company's stock after purchasing an additional 141,256 shares during the quarter. American Century Companies Inc. owned about 1.90% of Titan International worth $12,454,000 as of its most recent filing with the Securities & Exchange Commission.

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Several other hedge funds have also made changes to their positions in TWI. 1060 Capital LLC bought a new stake in shares of Titan International in the first quarter valued at about $4,536,000. Bailard Inc. increased its position in Titan International by 33.1% during the 2nd quarter. Bailard Inc. now owns 55,200 shares of the industrial products company's stock valued at $567,000 after purchasing an additional 13,731 shares during the period. First Eagle Investment Management LLC raised its holdings in shares of Titan International by 22.8% in the 2nd quarter. First Eagle Investment Management LLC now owns 620,251 shares of the industrial products company's stock valued at $6,370,000 after purchasing an additional 115,087 shares in the last quarter. Brandywine Global Investment Management LLC raised its holdings in shares of Titan International by 20.0% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 276,110 shares of the industrial products company's stock valued at $2,836,000 after purchasing an additional 46,110 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Titan International by 60.9% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,636 shares of the industrial products company's stock worth $140,000 after purchasing an additional 6,297 shares during the period. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

Titan International Trading Up 2.4%

NYSE TWI opened at $8.26 on Thursday. The firm has a market cap of $527.92 million, a PE ratio of -82.55 and a beta of 1.39. Titan International, Inc. has a 52 week low of $5.93 and a 52 week high of $10.94. The company has a quick ratio of 1.25, a current ratio of 2.28 and a debt-to-equity ratio of 0.97. The company has a 50 day moving average price of $7.73 and a 200 day moving average price of $8.44.

Titan International (NYSE:TWI - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.07. Titan International had a negative net margin of 0.34% and a positive return on equity of 1.38%. The business had revenue of $466.47 million for the quarter, compared to analyst estimates of $458.74 million. As a group, sell-side analysts forecast that Titan International, Inc. will post 0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TWI has been the subject of a number of recent research reports. Weiss Ratings reissued a "sell (e+)" rating on shares of Titan International in a research note on Monday. Wall Street Zen upgraded Titan International from a "sell" rating to a "hold" rating in a report on Saturday, November 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Titan International presently has a consensus rating of "Moderate Buy" and an average target price of $11.33.

Get Our Latest Analysis on TWI

Titan International Profile

(Free Report)

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.

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American Century Companies Inc. Purchases 141,256 Shares of Titan International, Inc. $TWI

Titan International Trading Up 2.4%

Analyst Upgrades and Downgrades

Titan International Profile

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