Rice Hall James & Associates LLC Has $1.71 Million Stock Position in Titan Machinery Inc. (NASDAQ:TITN)

Rice Hall James & Associates LLC lowered its holdings in Titan Machinery Inc. (NASDAQ:TITN) by 5.5% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 83,132 shares of the company’s stock after selling 4,877 shares during the quarter. Rice Hall James & Associates LLC owned 0.37% of Titan Machinery worth $1,711,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aperio Group LLC acquired a new stake in Titan Machinery in the 2nd quarter valued at approximately $29,000. Public Employees Retirement System of Ohio grew its holdings in Titan Machinery by 51.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,534 shares of the company’s stock valued at $33,000 after buying an additional 866 shares during the last quarter. Macquarie Group Ltd. grew its holdings in Titan Machinery by 33.3% in the 4th quarter. Macquarie Group Ltd. now owns 3,199 shares of the company’s stock valued at $42,000 after buying an additional 800 shares during the last quarter. Legal & General Group Plc grew its holdings in Titan Machinery by 51.7% in the 4th quarter. Legal & General Group Plc now owns 4,110 shares of the company’s stock valued at $55,000 after buying an additional 1,400 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in Titan Machinery by 108.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,143 shares of the company’s stock valued at $64,000 after buying an additional 2,151 shares during the last quarter. 78.95% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TITN stock traded up $0.49 during mid-day trading on Friday, reaching $18.01. The stock had a trading volume of 496 shares, compared to its average volume of 129,240. The firm’s 50 day simple moving average is $20.03 and its 200 day simple moving average is $18.30. The company has a quick ratio of 0.31, a current ratio of 1.39 and a debt-to-equity ratio of 0.36. Titan Machinery Inc. has a one year low of $11.99 and a one year high of $21.88. The firm has a market cap of $414.61 million, a PE ratio of 27.18 and a beta of 2.13.



Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings data on Thursday, May 30th. The company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.07. Titan Machinery had a return on equity of 5.06% and a net margin of 1.03%. The company had revenue of $278.29 million during the quarter, compared to the consensus estimate of $250.38 million. During the same quarter last year, the company earned ($0.07) EPS. The company’s quarterly revenue was up 14.2% on a year-over-year basis. Sell-side analysts forecast that Titan Machinery Inc. will post 0.89 earnings per share for the current fiscal year.

In other Titan Machinery news, Director Tony Christianson sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $19.63, for a total value of $431,860.00. Following the completion of the sale, the director now owns 42,076 shares in the company, valued at approximately $825,951.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Bryan J. Knutson sold 3,711 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $19.71, for a total value of $73,143.81. Following the completion of the sale, the chief operating officer now owns 28,315 shares of the company’s stock, valued at approximately $558,088.65. The disclosure for this sale can be found here. 15.37% of the stock is currently owned by company insiders.

A number of analysts have issued reports on the company. BidaskClub lowered Titan Machinery from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research raised Titan Machinery from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a report on Tuesday, June 4th. Robert W. Baird raised Titan Machinery from a “neutral” rating to an “outperform” rating and raised their target price for the company from $18.00 to $24.00 in a report on Sunday, June 16th. Finally, ValuEngine downgraded Titan Machinery from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Titan Machinery has an average rating of “Hold” and a consensus target price of $21.50.

Titan Machinery Profile

Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. It operates through three segments: Agriculture, Construction, and International. 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.

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Institutional Ownership by Quarter for Titan Machinery (NASDAQ:TITN)

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