Bruce Exits Position in Titan International Inc (TWI)

Titan International Inc (TWI) : Bruce has sold out all of its stake in Titan International Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 150,000 shares of Titan International Inc which is valued at $1,330,500.

Other Hedge Funds, Including , Keane Capital Partners added TWI to its portfolio by purchasing 18,965 company shares during the most recent quarter which is valued at $168,220. Titan International Inc makes up approx 0.37% of Keane Capital Partners’s portfolio.Profund Advisors boosted its stake in TWI in the latest quarter, The investment management firm added 1,046 additional shares and now holds a total of 14,820 shares of Titan International Inc which is valued at $131,453. Titan International Inc makes up approx 0.01% of Profund Advisors’s portfolio.Vanguard Group Inc boosted its stake in TWI in the latest quarter, The investment management firm added 249,015 additional shares and now holds a total of 2,584,899 shares of Titan International Inc which is valued at $22,928,054.Nwam reduced its stake in TWI by selling 625 shares or 3.86% in the most recent quarter. The Hedge Fund company now holds 15,580 shares of TWI which is valued at $131,495. Titan International Inc makes up approx 0.05% of Nwam’s portfolio.Great West Life Assurance Co Can boosted its stake in TWI in the latest quarter, The investment management firm added 50,224 additional shares and now holds a total of 58,259 shares of Titan International Inc which is valued at $400,239.

Titan International Inc closed down -0.12 points or -1.31% at $9.07 with 4,78,950 shares getting traded on Thursday. Post opening the session at $9.19, the shares hit an intraday low of $8.95 and an intraday high of $9.19 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Titan International Inc reported $-0.04 EPS for the quarter, based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus estimate of $-0.04. The company had revenue of $330.20 million for the quarter, compared to analysts expectations of $331.54 million. The company’s revenue was down -12.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.02 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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