Landscape Capital Management L.L.C. Reduces Stake in Titan Machinery Inc. (NASDAQ:TITN)

Landscape Capital Management L.L.C. trimmed its position in shares of Titan Machinery Inc. (NASDAQ:TITN) by 7.5% during the third quarter, Holdings Channel reports. The firm owned 67,894 shares of the company’s stock after selling 5,539 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Titan Machinery were worth $946,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TITN. American Century Companies Inc. raised its position in Titan Machinery by 11.3% during the second quarter. American Century Companies Inc. now owns 1,155,535 shares of the company’s stock worth $18,373,000 after acquiring an additional 117,577 shares during the last quarter. Dana Investment Advisors Inc. increased its stake in shares of Titan Machinery by 32.9% during the 2nd quarter. Dana Investment Advisors Inc. now owns 384,548 shares of the company’s stock worth $6,114,000 after purchasing an additional 95,221 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of Titan Machinery by 39.2% during the 2nd quarter. First Eagle Investment Management LLC now owns 334,511 shares of the company’s stock worth $5,319,000 after purchasing an additional 94,250 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Titan Machinery by 28.8% in the 2nd quarter. Victory Capital Management Inc. now owns 363,011 shares of the company’s stock valued at $5,772,000 after buying an additional 81,248 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in Titan Machinery by 552.2% during the 2nd quarter. Squarepoint Ops LLC now owns 87,648 shares of the company’s stock valued at $1,394,000 after buying an additional 74,209 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Robert W. Baird reduced their price objective on Titan Machinery from $18.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, August 15th. Northland Capmk lowered shares of Titan Machinery from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 20th. B. Riley lowered their price target on shares of Titan Machinery from $20.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, September 3rd. Northland Securities reissued a “market perform” rating and set a $25.00 price objective on shares of Titan Machinery in a research note on Friday, September 13th. Finally, Lake Street Capital cut shares of Titan Machinery from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Titan Machinery has a consensus rating of “Hold” and a consensus price target of $21.00.

Titan Machinery Trading Up 4.6 %

Shares of TITN stock opened at $15.14 on Friday. Titan Machinery Inc. has a 1-year low of $12.30 and a 1-year high of $29.30. The firm’s 50-day simple moving average is $14.20 and its 200-day simple moving average is $15.96. The firm has a market cap of $350.19 million, a P/E ratio of 5.85 and a beta of 1.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.27 and a quick ratio of 0.13.

Titan Machinery (NASDAQ:TITN) last issued its earnings results on Thursday, August 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.09). Titan Machinery had a return on equity of 10.38% and a net margin of 2.11%. The firm had revenue of $633.70 million for the quarter, compared to analysts’ expectations of $645.28 million. During the same quarter in the previous year, the firm posted $1.38 EPS. The firm’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities analysts forecast that Titan Machinery Inc. will post 0.21 EPS for the current year.

Titan Machinery 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.