Teton Advisors Inc. Continues to Hold Stake in Titan Machinery Inc. (TITN)
Teton Advisors Inc. continued to hold its position in Titan Machinery Inc. (NASDAQ:TITN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,933 shares of the company’s stock at the end of the fourth quarter. Teton Advisors Inc. owned 0.55% of Titan Machinery worth $1,689,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Towle & Co. raised its position in Titan Machinery by 1.0% in the second quarter. Towle & Co. now owns 879,488 shares of the company’s stock valued at $9,806,000 after buying an additional 8,970 shares during the period. JPMorgan Chase & Co. raised its position in Titan Machinery by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 871,875 shares of the company’s stock valued at $9,067,000 after buying an additional 11,419 shares during the period. Dimensional Fund Advisors LP raised its position in Titan Machinery by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 759,168 shares of the company’s stock valued at $11,061,000 after buying an additional 20,115 shares during the period. Rutabaga Capital Management LLC MA raised its position in Titan Machinery by 4.1% in the third quarter. Rutabaga Capital Management LLC MA now owns 519,750 shares of the company’s stock valued at $4,828,000 after buying an additional 20,650 shares during the period. Finally, State Street Corp raised its position in Titan Machinery by 6.8% in the fourth quarter. State Street Corp now owns 297,767 shares of the company’s stock valued at $4,339,000 after buying an additional 18,839 shares during the period. Hedge funds and other institutional investors own 85.40% of the company’s stock.
Titan Machinery Inc. (NASDAQ:TITN) traded down 0.14% during trading on Friday, reaching $13.87. 16,438 shares of the company were exchanged. Titan Machinery Inc. has a 52-week low of $8.12 and a 52-week high of $15.93. The firm has a 50-day moving average of $13.98 and a 200-day moving average of $12.06. The firm’s market cap is $294.29 million.
Titan Machinery (NASDAQ:TITN) last released its quarterly earnings results on Wednesday, November 30th. The company reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.06. The firm earned $332.30 million during the quarter, compared to analyst estimates of $305.11 million. Titan Machinery had a negative net margin of 3.33% and a negative return on equity of 10.64%. Titan Machinery’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 earnings per share. On average, equities analysts forecast that Titan Machinery Inc. will post ($0.54) EPS for the current year.
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Several research analysts have issued reports on TITN shares. Standpoint Research lowered shares of Titan Machinery from a “buy” rating to a “hold” rating in a research report on Friday, December 2nd. Zacks Investment Research raised shares of Titan Machinery from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday. Finally, Aegis initiated coverage on shares of Titan Machinery in a research note on Tuesday, January 10th. They issued a “buy” rating and a $18.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $14.50.
About Titan Machinery
Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.
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