Teton Advisors LLC Makes New Investment in Titan Machinery Inc. $TITN

Teton Advisors LLC acquired a new stake in Titan Machinery Inc. (NASDAQ:TITN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 86,000 shares of the company’s stock, valued at approximately $1,440,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. American Century Companies Inc. lifted its position in shares of Titan Machinery by 26.6% during the 2nd quarter. American Century Companies Inc. now owns 1,571,648 shares of the company’s stock valued at $31,134,000 after buying an additional 330,436 shares in the last quarter. Bessemer Group Inc. grew its stake in Titan Machinery by 16.0% in the 3rd quarter. Bessemer Group Inc. now owns 588,215 shares of the company’s stock valued at $9,846,000 after acquiring an additional 81,229 shares during the period. Brandywine Global Investment Management LLC purchased a new stake in Titan Machinery in the 2nd quarter worth $1,999,000. Boston Partners purchased a new stake in Titan Machinery in the 2nd quarter worth $508,000. Finally, CenterBook Partners LP raised its position in Titan Machinery by 199.8% during the second quarter. CenterBook Partners LP now owns 216,054 shares of the company’s stock worth $4,280,000 after acquiring an additional 143,979 shares during the period. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on TITN shares. Wall Street Zen raised shares of Titan Machinery from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Titan Machinery in a research note on Thursday, January 22nd. Finally, Robert W. Baird restated a “neutral” rating and set a $21.00 price target (down from $24.00) on shares of Titan Machinery in a research report on Monday, December 1st. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.50.

Titan Machinery Stock Down 4.7%

Shares of TITN opened at $18.05 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.24 and a current ratio of 1.36. Titan Machinery Inc. has a one year low of $12.50 and a one year high of $23.41. The stock has a market capitalization of $421.83 million, a price-to-earnings ratio of -6.64 and a beta of 1.23. The stock has a 50 day moving average price of $17.52 and a 200 day moving average price of $17.33.

About Titan Machinery

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.