Fishman Jay A Ltdmi buys $15,188,946 stake in Titan International Inc (TWI)

Titan International Inc (TWI) : Fishman Jay A Ltdmi scooped up 182,085 additional shares in Titan International Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 10, 2016. The investment management firm now holds a total of 2,600,847 shares of Titan International Inc which is valued at $15,188,946.Titan International Inc makes up approximately 4.09% of Fishman Jay A Ltdmi’s portfolio.

Other Hedge Funds, Including , Norges Bank boosted its stake in TWI in the latest quarter, The investment management firm added 375,228 additional shares and now holds a total of 557,561 shares of Titan International Inc which is valued at $3,256,156.Swiss National Bank boosted its stake in TWI in the latest quarter, The investment management firm added 13,900 additional shares and now holds a total of 74,100 shares of Titan International Inc which is valued at $464,607. Quantbot Technologies Lp added TWI to its portfolio by purchasing 508 company shares during the most recent quarter which is valued at $3,368.Telemus Capital boosted its stake in TWI in the latest quarter, The investment management firm added 12,450 additional shares and now holds a total of 74,763 shares of Titan International Inc which is valued at $495,679. Titan International Inc makes up approx 0.08% of Telemus Capital’s portfolio.

Titan International Inc opened for trading at $5.84 and hit $6.2 on the upside on Monday, eventually ending the session at $5.97, with a gain of 2.23% or 0.13 points. The heightened volatility saw the trading volume jump to 3,37,623 shares. Company has a market cap of $322 M.

On the company’s financial health, Titan International Inc reported $-0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $-0.05. The company had revenue of $321.80 million for the quarter, compared to analysts expectations of $351.86 million. The company’s revenue was down -20.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.

Titan International Inc. together with its subsidiaries manufactures wheels tires wheel and tire assemblies and undercarriage systems and components for off-highway vehicles used in the agricultural earthmoving/construction and consumer segments. The Company operates in three segments: agricultural earthmoving/construction and consumer. Titan’s agricultural segment includes rims wheels tires and undercarriage systems and components manufactured for use on various agricultural and forestry equipment. Titan’s earthmoving/construction segment includes rims wheels tires and undercarriage systems and components for various types of off-the-road (OTR) earthmoving mining military and construction equipment. The Company’s consumer segment includes bias truck tires in Latin America and light truck tires in Russia as well as products for all-terrain vehicles (ATVs) and recreational/utility trailers.

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