Titan Machinery Inc. (NASDAQ:TITN) Shares Purchased by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its stake in shares of Titan Machinery Inc. (NASDAQ:TITN) by 42.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 634,509 shares of the company’s stock after acquiring an additional 188,998 shares during the period. First Eagle Investment Management LLC’s holdings in Titan Machinery were worth $8,966,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. English Capital Management LLC lifted its position in shares of Titan Machinery by 84.9% during the third quarter. English Capital Management LLC now owns 278,853 shares of the company’s stock worth $3,884,000 after purchasing an additional 128,073 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Titan Machinery by 16.9% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 583,830 shares of the company’s stock valued at $8,133,000 after buying an additional 84,330 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its stake in Titan Machinery by 28.4% during the third quarter. ArrowMark Colorado Holdings LLC now owns 341,832 shares of the company’s stock valued at $4,762,000 after buying an additional 75,710 shares in the last quarter. Systematic Financial Management LP bought a new position in Titan Machinery during the 3rd quarter worth approximately $483,000. Finally, Jane Street Group LLC grew its position in shares of Titan Machinery by 122.1% in the 3rd quarter. Jane Street Group LLC now owns 56,375 shares of the company’s stock worth $785,000 after acquiring an additional 30,997 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Baird R W raised Titan Machinery from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 27th. Robert W. Baird upgraded shares of Titan Machinery from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $14.00 to $25.00 in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Titan Machinery has a consensus rating of “Hold” and an average target price of $19.20.

Titan Machinery Trading Up 3.2 %

Shares of NASDAQ TITN opened at $14.49 on Friday. The company has a market cap of $335.10 million, a price-to-earnings ratio of 10.81 and a beta of 1.28. The stock’s 50 day simple moving average is $16.56 and its 200 day simple moving average is $15.08. The company has a current ratio of 1.32, a quick ratio of 0.15 and a debt-to-equity ratio of 0.20. Titan Machinery Inc. has a 12-month low of $12.30 and a 12-month high of $27.13.

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.