Bruce Lowers stake in Titan International Inc (TWI)

Titan International Inc (TWI) : Bruce reduced its stake in Titan International Inc by 25.0% during the most recent quarter end. The investment management company now holds a total of 150,000 shares of Titan International Inc which is valued at $876,000 after selling 50,000 shares in Titan International Inc , the firm said in a disclosure report filed with the SEC on May 13, 2016.Titan International Inc makes up approximately 0.27% of Bruce’s portfolio.

Other Hedge Funds, Including , Hsbc Holdings Plc boosted its stake in TWI in the latest quarter, The investment management firm added 130 additional shares and now holds a total of 38,892 shares of Titan International Inc which is valued at $227,129.Blackrock Advisors boosted its stake in TWI in the latest quarter, The investment management firm added 2,755 additional shares and now holds a total of 21,073 shares of Titan International Inc which is valued at $123,066.Financial Engines Advisors L.l.c. boosted its stake in TWI in the latest quarter, The investment management firm added 1,082 additional shares and now holds a total of 38,022 shares of Titan International Inc which is valued at $222,048. Titan International Inc makes up approx 0.19% of Financial Engines Advisors L.l.c.’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in TWI in the latest quarter, The investment management firm added 3,981 additional shares and now holds a total of 22,383 shares of Titan International Inc which is valued at $148,399.

Titan International Inc opened for trading at $6.02 and hit $6.17 on the upside on Wednesday, eventually ending the session at $6.1, with a gain of 2.18% or 0.13 points. The heightened volatility saw the trading volume jump to 3,81,317 shares. Company has a market cap of $329 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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