17,620 Shares in Titan Machinery Inc. (NASDAQ:TITN) Purchased by Semanteon Capital Management LP

Semanteon Capital Management LP bought a new position in Titan Machinery Inc. (NASDAQ:TITN) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 17,620 shares of the company’s stock, valued at approximately $509,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Voss Capital LLC increased its position in shares of Titan Machinery by 11.5% during the fourth quarter. Voss Capital LLC now owns 175,000 shares of the company’s stock valued at $5,054,000 after acquiring an additional 18,017 shares during the last quarter. MBM Wealth Consultants LLC purchased a new stake in shares of Titan Machinery during the 4th quarter valued at $463,000. Smith Graham & Co. Investment Advisors LP increased its position in shares of Titan Machinery by 20.3% during the 4th quarter. Smith Graham & Co. Investment Advisors LP now owns 286,708 shares of the company’s stock valued at $8,280,000 after purchasing an additional 48,438 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Titan Machinery by 13.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 11,583 shares of the company’s stock valued at $335,000 after purchasing an additional 1,379 shares during the last quarter. Finally, Quent Capital LLC purchased a new stake in shares of Titan Machinery during the 4th quarter valued at $87,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Titan Machinery Stock Performance

TITN traded up $0.09 during trading hours on Friday, hitting $22.70. The stock had a trading volume of 78,276 shares, compared to its average volume of 179,796. The company’s fifty day simple moving average is $24.50 and its 200 day simple moving average is $25.73. Titan Machinery Inc. has a 1 year low of $21.44 and a 1 year high of $35.88. The stock has a market cap of $518.01 million, a PE ratio of 4.60 and a beta of 1.41. The company has a quick ratio of 0.19, a current ratio of 1.32 and a debt-to-equity ratio of 0.16.

Titan Machinery (NASDAQ:TITN) last announced its quarterly earnings data on Thursday, March 21st. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.06. Titan Machinery had a return on equity of 18.40% and a net margin of 4.08%. The company had revenue of $852.10 million during the quarter, compared to analyst estimates of $734.99 million. During the same quarter last year, the firm posted $0.81 EPS. The firm’s revenue for the quarter was up 46.2% on a year-over-year basis. Equities analysts anticipate that Titan Machinery Inc. will post 3.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. TheStreet lowered Titan Machinery from a “b-” rating to a “c+” rating in a research report on Monday, February 26th. Stephens reaffirmed an “overweight” rating and set a $42.00 target price on shares of Titan Machinery in a research report on Friday, January 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $45.33.

Titan Machinery Company 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.