Titan Machinery Inc Institutional Investor Sentiment Worsened in 2018 Q1

June 14, 2018 - By Christine McCrea

Titan Machinery Inc. (NASDAQ:TITN) Logo

Sentiment for Titan Machinery Inc (NASDAQ:TITN)

Titan Machinery Inc (NASDAQ:TITN) institutional sentiment decreased to 1.13 in 2018 Q1. Its down -0.30, from 1.43 in 2017Q4. The ratio dropped, as 61 active investment managers opened new and increased equity positions, while 54 reduced and sold their stakes in Titan Machinery Inc. The active investment managers in our partner’s database now hold: 17.82 million shares, up from 16.91 million shares in 2017Q4. Also, the number of active investment managers holding Titan Machinery Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 18 Reduced: 36 Increased: 39 New Position: 22.

Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States and Europe. The company has market cap of $361.96 million. It operates through three divisions: Agriculture, Construction, and International. It currently has negative earnings. The firm sells new and used equipment comprising agricultural and construction equipment manufactured under the CNH family of brands, as well as equipment from various other manufacturers.

The stock decreased 1.76% or $0.3 during the last trading session, reaching $16.7. About 352,941 shares traded or 47.45% up from the average. Titan Machinery Inc. (NASDAQ:TITN) has risen 25.52% since June 14, 2017 and is uptrending. It has outperformed by 12.95% the S&P500.

Analysts await Titan Machinery Inc. (NASDAQ:TITN) to report earnings on August, 30. They expect $0.05 earnings per share, up 225.00 % or $0.09 from last year’s $-0.04 per share. TITN’s profit will be $1.08M for 83.50 P/E if the $0.05 EPS becomes a reality. After $-0.07 actual earnings per share reported by Titan Machinery Inc. for the previous quarter, Wall Street now forecasts -171.43 % EPS growth.

Rutabaga Capital Management Llc Ma holds 1.56% of its portfolio in Titan Machinery Inc. for 280,782 shares. Northpointe Capital Llc owns 435,503 shares or 1.28% of their US portfolio. Moreover, Granahan Investment Management Inc Ma has 1.21% invested in the company for 711,799 shares. The New Jersey-based Systematic Financial Management Lp has invested 0.44% in the stock. Eagle Boston Investment Management Inc, a Massachusetts-based fund reported 166,316 shares.

Since January 1, 0001, it had 1 buying transaction, and 2 insider sales for $1.35 million activity.

Titan Machinery Inc. (NASDAQ:TITN) Ratings Coverage

Ratings analysis reveals 50% of Titan Machinery’s analysts are positive. Out of 4 Wall Street analysts rating Titan Machinery, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $2300 while the high is $2600. The stock’s average target of $25 is 49.70% above today’s ($16.7) share price. TITN was included in 5 notes of analysts from January 2, 2018. As per Tuesday, January 2, the company rating was upgraded by William Blair. The rating was maintained by Stephens with “Hold” on Thursday, March 29. The rating was maintained by William Blair on Wednesday, April 4 with “Hold”. The rating was maintained by Robert W. Baird with “Buy” on Thursday, March 29.

More important recent Titan Machinery Inc. (NASDAQ:TITN) news were published by: Seekingalpha.com which released: “More on Titan Machinery’s Q1 mixed results” on May 31, 2018, also Nasdaq.com published article titled: “Titan Machinery Inc. to Report Fiscal First Quarter Ended April 30, 2018 Results on May 31, 2018”, Nasdaq.com published: “Report: Exploring Fundamental Drivers Behind Titan Machinery, Kforce, Liberty Media, Daktronics, SPX, and Tallgrass …” on May 29, 2018. More interesting news about Titan Machinery Inc. (NASDAQ:TITN) was released by: Globenewswire.com and their article: “Titan Machinery Provides Advanced Precision Support with AgriSync” with publication date: May 18, 2018.

Titan Machinery Inc. (NASDAQ:TITN) Institutional Positions Chart

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