Renaissance Tech Updates Titan Intl. Stake in SC 13G/A Filing
Ticker: TWI · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 899751
| Field | Detail |
|---|---|
| Company | Titan International Inc (TWI) |
| Form Type | SC 13G/A |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, hedge-fund, equity-stake
TL;DR
**Renaissance Tech just updated its stake in Titan International.**
AI Summary
Renaissance Technologies LLC, a quantitative hedge fund, filed an amended SC 13G/A on February 13, 2024, indicating its ownership of Titan International Inc. common stock as of December 29, 2023. This filing updates their previous disclosures, signaling a potential change in their stake in Titan International. For investors, this matters because Renaissance Technologies is a prominent institutional investor, and changes in their holdings can sometimes influence market sentiment or suggest their view on the stock's future performance.
Why It Matters
This filing shows that a major institutional investor, Renaissance Technologies, continues to hold a position in Titan International, which can be seen as a vote of confidence or a strategic adjustment.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate significant risk.
Analyst Insight
Investors should note that Renaissance Technologies, a sophisticated quantitative fund, maintains a position in Titan International. While this filing doesn't disclose the exact change in their stake, it confirms their continued involvement, which could be a factor to consider in one's own investment thesis.
Key Players & Entities
- Renaissance Technologies LLC (company) — the institutional investor filing the SC 13G/A
- Titan International Inc. (company) — the subject company whose common stock is being reported
- December 29, 2023 (date) — the date of the event requiring the filing
- February 13, 2024 (date) — the filing date of the SC 13G/A
- $0.0001 (dollar_amount) — par value of Titan International common stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under the Securities Exchange Act of 1934.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is Renaissance Technologies LLC, located at 800 Third Ave, New York, NY.
What is the subject company of this filing?
The subject company is TITAN INTERNATIONAL, INC., with its business address at 2701 SPRUCE ST, QUINCY, IL.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the common stock of Titan International, Inc. is 88830M102.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 29, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 13, 2024 regarding TITAN INTERNATIONAL INC (TWI).