Teton Advisors Inc. Has $2.05 Million Holdings in Titan Machinery Inc. (NASDAQ:TITN)

Teton Advisors Inc. decreased its holdings in Titan Machinery Inc. (NASDAQ:TITN) by 1.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 71,000 shares of the company’s stock after selling 1,000 shares during the period. Teton Advisors Inc.’s holdings in Titan Machinery were worth $2,050,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Campbell & CO Investment Adviser LLC raised its position in shares of Titan Machinery by 170.3% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 33,619 shares of the company’s stock valued at $971,000 after buying an additional 21,180 shares in the last quarter. Aigen Investment Management LP lifted its position in shares of Titan Machinery by 62.9% during the 4th quarter. Aigen Investment Management LP now owns 22,634 shares of the company’s stock valued at $654,000 after acquiring an additional 8,736 shares during the period. Quest Partners LLC acquired a new stake in shares of Titan Machinery during the 4th quarter worth $165,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Titan Machinery in the fourth quarter worth $529,000. Finally, First Eagle Investment Management LLC lifted its position in Titan Machinery by 13.9% during the fourth quarter. First Eagle Investment Management LLC now owns 196,861 shares of the company’s stock worth $5,685,000 after purchasing an additional 24,042 shares during the period. Institutional investors and hedge funds own 78.38% of the company’s stock.

Titan Machinery Price Performance

NASDAQ TITN traded down $0.07 during trading on Monday, hitting $22.63. 114,579 shares of the company’s stock were exchanged, compared to its average volume of 179,000. The stock’s 50 day moving average price is $24.42 and its two-hundred day moving average price is $25.71. Titan Machinery Inc. has a fifty-two week low of $21.44 and a fifty-two week high of $35.88. The company has a current ratio of 1.32, a quick ratio of 0.19 and a debt-to-equity ratio of 0.16. The company has a market cap of $516.39 million, a PE ratio of 4.58 and a beta of 1.41.

Titan Machinery (NASDAQ:TITN) last released its quarterly earnings data on Thursday, March 21st. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.06. Titan Machinery had a net margin of 4.08% and a return on equity of 18.40%. The business had revenue of $852.10 million during the quarter, compared to analysts’ expectations of $734.99 million. During the same period in the prior year, the company earned $0.81 EPS. The firm’s quarterly revenue was up 46.2% compared to the same quarter last year. Research analysts expect that Titan Machinery Inc. will post 3.35 EPS for the current year.

Analyst Upgrades and Downgrades

TITN has been the subject of several analyst reports. Stephens restated an “overweight” rating and issued a $42.00 target price on shares of Titan Machinery in a research report on Friday, January 12th. TheStreet cut Titan Machinery from a “b-” rating to a “c+” rating in a research note on Monday, February 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.33.

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.