Titan Machinery Inc. (TITN) Reaches $17.47 After 5.00% Down Move; Cohen & Steers REIT & Preferred Income Fund Has 1.07 Sentiment

June 12, 2018 - By Hazel Jackson

Titan Machinery Inc. (NASDAQ:TITN) Logo

Cohen & Steers REIT & Preferred Income Fund Inc (RNP) investors sentiment decreased to 1.07 in 2018 Q1. It’s down -0.38, from 1.45 in 2017Q4. The ratio is negative, as 32 hedge funds opened new or increased stock positions, while 30 sold and reduced holdings in Cohen & Steers REIT & Preferred Income Fund Inc. The hedge funds in our database now have: 7.77 million shares, up from 7.41 million shares in 2017Q4. Also, the number of hedge funds holding Cohen & Steers REIT & Preferred Income Fund Inc in top ten stock positions was flat from 2 to 2 for the same number . Sold All: 9 Reduced: 21 Increased: 20 New Position: 12.

The stock of Titan Machinery Inc. (NASDAQ:TITN) is a huge mover today! The stock decreased 0.68% or $0.12 during the last trading session, reaching $17.47. About 166,747 shares traded. Titan Machinery Inc. (NASDAQ:TITN) has risen 25.52% since June 12, 2017 and is uptrending. It has outperformed by 12.95% the S&P500. Some Historical TITN News: ; 29/03/2018 – TITAN MACHINERY INC SEES 2019 DILUTED EPS $0.35 – $0.55; 29/03/2018 – Titan Machinery Sees FY19 International Revenue Flat to Up 5%; 31/05/2018 – TITAN MACHINERY INC – COMPANY UPDATES FISCAL 2019 MODELING ASSUMPTIONS; 31/05/2018 – Titan Machinery Backs FY19 View of EPS 35c-EPS 55c; 29/03/2018 – Titan Machinery 4Q Adj Loss/Shr 10c; 30/04/2018 – Titan Machinery to Acquire All Interests of AGRAM Landtechnikvertrieb GmbH and AGRAM Landtechnik Rollwitz GmbH; 31/05/2018 – Titan Machinery 1Q Loss/Shr 7c; 29/03/2018 – Titan Machinery 4Q EPS 8c; 31/05/2018 – TITAN MACHINERY – DUE TO AGRAM’S EXPECTED CONTRIBUTIONS TO FINANCIALS, RAISING FISCAL 2019 INTERNATIONAL SEGMENT REV GROWTH ASSUMPTION TO 10% TO 15%; 29/03/2018 – Titan Machinery Sees FY19 EPS 35c-EPS 55cThe move comes after 7 months negative chart setup for the $378.65 million company. It was reported on Jun, 12 by Barchart.com. We have $16.60 PT which if reached, will make NASDAQ:TITN worth $18.93 million less.

Since January 3, 2018, it had 1 insider buy, and 2 selling transactions for $1.35 million activity. The insider Knutson Bryan J sold $56,763. Meyer David Joseph had sold 61,796 shares worth $1.35 million on Wednesday, January 3. Shares for $54,180 were bought by Erickson Stan K..

Investors sentiment decreased to 1.13 in 2018 Q1. Its down 0.30, from 1.43 in 2017Q4. It turned negative, as 18 investors sold Titan Machinery Inc. shares while 36 reduced holdings. 22 funds opened positions while 39 raised stakes. 17.82 million shares or 5.42% more from 16.91 million shares in 2017Q4 were reported. Utd Svcs Automobile Association accumulated 213,094 shares or 0.01% of the stock. Morgan Stanley has 0% invested in Titan Machinery Inc. (NASDAQ:TITN) for 348,792 shares. Macquarie Group Inc Ltd has invested 0% in Titan Machinery Inc. (NASDAQ:TITN). Metropolitan Life Ins accumulated 6,453 shares. Rmb Cap Ltd has invested 0.02% in Titan Machinery Inc. (NASDAQ:TITN). Granite Investment Ptnrs Limited Company holds 0.03% or 19,288 shares in its portfolio. Kennedy Capital Inc holds 0.03% or 76,023 shares in its portfolio. Swiss Bancorp accumulated 32,800 shares. Qs Invsts Lc reported 34 shares or 0% of all its holdings. Goldman Sachs Inc stated it has 253,963 shares. Geode Management Limited Liability Corporation invested in 0% or 187,220 shares. Aqr Cap Mngmt Limited Co stated it has 81,268 shares or 0% of all its holdings. Trexquant L P holds 0.04% or 23,501 shares. Financial Bank Of America De accumulated 27,252 shares. Northpointe Ltd Liability holds 1.28% of its portfolio in Titan Machinery Inc. (NASDAQ:TITN) for 435,503 shares.

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 $378.65 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.

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 Globenewswire.com published article titled: “Titan Machinery Provides Advanced Precision Support with AgriSync”, 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: Nasdaq.com and their article: “Titan Machinery Inc. to Report Fiscal First Quarter Ended April 30, 2018 Results on May 31, 2018” with publication date: May 17, 2018.

Analysts await Titan Machinery Inc. (NASDAQ:TITN) to report earnings on August, 30. They expect $0.05 EPS, up 225.00% or $0.09 from last year’s $-0.04 per share. TITN’s profit will be $1.08M for 87.35 P/E if the $0.05 EPS becomes a reality. After $-0.07 actual EPS reported by Titan Machinery Inc. for the previous quarter, Wall Street now forecasts -171.43% EPS growth.

Among 8 analysts covering Titan Machinery (NASDAQ:TITN), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Titan Machinery had 17 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Titan Machinery Inc. (NASDAQ:TITN) has “Market Perform” rating given on Tuesday, January 2 by William Blair. Piper Jaffray maintained the shares of TITN in report on Thursday, November 30 with “Hold” rating. Piper Jaffray maintained Titan Machinery Inc. (NASDAQ:TITN) rating on Friday, October 27. Piper Jaffray has “Hold” rating and $15.0 target. Robert W. Baird maintained it with “Buy” rating and $18.0 target in Tuesday, October 10 report. Sidoti upgraded Titan Machinery Inc. (NASDAQ:TITN) on Tuesday, December 15 to “Buy” rating. The firm has “Buy” rating given on Thursday, August 6 by Zacks. The firm has “Hold” rating given on Thursday, March 29 by Stephens. As per Thursday, August 24, the company rating was maintained by Robert W. Baird. Robert W. Baird maintained it with “Buy” rating and $25.0 target in Friday, December 1 report. As per Thursday, September 7, the company rating was maintained by Piper Jaffray.

Mcgowan Group Asset Management Inc. holds 4.16% of its portfolio in Cohen & Steers REIT and Preferred Income Fund, Inc. for 1.30 million shares. Camelot Portfolios Llc owns 458,545 shares or 4% of their US portfolio. Moreover, Dubuque Bank & Trust Co has 0.76% invested in the company for 251,185 shares. The Alabama-based Cornerstone Advisors Inc has invested 0.66% in the stock. Wespac Advisors Llc, a California-based fund reported 54,061 shares.

Another recent and important Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) news was published by Seekingalpha.com which published an article titled: “CEF RNP: Looking Attractive” on June 01, 2018.

The stock increased 0.17% or $0.032 during the last trading session, reaching $19.252. About 35,713 shares traded. Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) has declined 7.79% since June 12, 2017 and is downtrending. It has underperformed by 20.36% the S&P500.

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

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