English Capital Management LLC Raises Stock Holdings in Titan Machinery Inc. (NASDAQ:TITN)

English Capital Management LLC grew its stake in Titan Machinery Inc. (NASDAQ:TITN) by 84.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,853 shares of the company’s stock after buying an additional 128,073 shares during the period. Titan Machinery makes up about 2.8% of English Capital Management LLC’s holdings, making the stock its 20th biggest holding. English Capital Management LLC owned 1.21% of Titan Machinery worth $3,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in Titan Machinery by 6.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,789 shares of the company’s stock worth $318,000 after buying an additional 802 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of Titan Machinery by 3.5% during the 2nd quarter. SummerHaven Investment Management LLC now owns 24,475 shares of the company’s stock valued at $389,000 after purchasing an additional 818 shares during the last quarter. Rhumbline Advisers raised its position in Titan Machinery by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 34,726 shares of the company’s stock worth $552,000 after purchasing an additional 987 shares during the period. nVerses Capital LLC lifted its stake in 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 purchasing an additional 1,300 shares during the last quarter. Finally, US Bancorp DE boosted 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 buying an additional 1,677 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Titan Machinery Price Performance

Shares of Titan Machinery stock opened at $15.14 on Friday. The business has a 50 day moving average of $14.20 and a 200 day moving average of $15.96. Titan Machinery Inc. has a 52 week low of $12.30 and a 52 week high of $29.30. The company has a market cap of $350.19 million, a PE ratio of 5.85 and a beta of 1.25. The company has a quick ratio of 0.13, a current ratio of 1.27 and a debt-to-equity ratio of 0.18.

Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.09). The company had revenue of $633.70 million during the quarter, compared to the consensus estimate of $645.28 million. Titan Machinery had a return on equity of 10.38% and a net margin of 2.11%. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.38 earnings per share. As a group, equities research analysts forecast that Titan Machinery Inc. will post 0.21 earnings per share for the current year.

Analyst Ratings Changes

TITN has been the topic of several analyst reports. Northland Securities reiterated a “market perform” rating and issued a $25.00 price objective on shares of Titan Machinery in a report on Friday, September 13th. Lake Street Capital downgraded Titan Machinery from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a research report on Thursday, August 15th. Northland Capmk cut shares of Titan Machinery from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 20th. Robert W. Baird decreased their target price on shares of Titan Machinery from $18.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, August 15th. Finally, B. Riley dropped their price target on shares of Titan Machinery from $20.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $21.00.

Titan Machinery 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.