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

ArrowMark Colorado Holdings LLC lifted its position in Titan Machinery Inc. (NASDAQ:TITN) by 28.4% during the third quarter, HoldingsChannel.com reports. The fund owned 341,832 shares of the company’s stock after acquiring an additional 75,710 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in Titan Machinery were worth $4,762,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. English Capital Management LLC lifted its holdings in Titan Machinery by 84.9% in the 3rd quarter. English Capital Management LLC now owns 278,853 shares of the company’s stock valued at $3,884,000 after purchasing an additional 128,073 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Titan Machinery by 11.3% in the second quarter. American Century Companies Inc. now owns 1,155,535 shares of the company’s stock worth $18,373,000 after buying an additional 117,577 shares in the last quarter. Dana Investment Advisors Inc. boosted its position in Titan Machinery by 32.9% during the second quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock worth $6,114,000 after acquiring an additional 95,221 shares during the last quarter. First Eagle Investment Management LLC grew its stake in Titan Machinery by 39.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 334,511 shares of the company’s stock valued at $5,319,000 after acquiring an additional 94,250 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Titan Machinery by 28.8% in the 2nd quarter. Victory Capital Management Inc. now owns 363,011 shares of the company’s stock valued at $5,772,000 after acquiring an additional 81,248 shares during the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TITN. Northland Capmk lowered Titan Machinery from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Northland Securities restated a “market perform” rating and issued a $25.00 target price on shares of Titan Machinery in a report on Friday, September 13th. Robert W. Baird reduced their price target on Titan Machinery from $18.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, August 15th. Craig Hallum lowered their price target on shares of Titan Machinery from $25.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Finally, Lake Street Capital cut shares of 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $21.00.

Titan Machinery Stock Down 0.2 %

Shares of NASDAQ:TITN opened at $15.42 on Tuesday. The company has a market capitalization of $356.66 million, a price-to-earnings ratio of 11.51 and a beta of 1.30. Titan Machinery Inc. has a 12-month low of $12.30 and a 12-month high of $29.30. The business has a 50-day moving average price of $14.39 and a 200 day moving average price of $15.57. The company has a current ratio of 1.27, a quick ratio of 0.13 and a debt-to-equity ratio of 0.18.

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.