Today’s Stock On Watch: Mark Rachesky’s Mhr Fund Management Llc Just Disclosed New Titan International Inc Position

Today's Stock On Watch: Mark Rachesky's Mhr Fund Management Llc Just Disclosed New Titan International Inc Position

The New Mark Rachesky’s Mhr Fund Management Llc Holding in Titan International Inc

Mhr Fund Management Llc filed with the SEC SC 13D/A form for Titan International Inc. The form can be accessed here: 000119312516730535. As reported in Mark Rachesky’s Mhr Fund Management Llc’s form, the filler as of late owns 14.9% or 8,064,000 shares of the Industrials–company.

Titan International Inc stake is a new one for the for the hedge fund and it was filed because of activity on September29, 2016. We feel this shows Mark Rachesky’s Mhr Fund Management Llc’s positive view for the stock. For a hedge fund managing $6.05 billion in assets and having 22+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Mark Rachesky’s Mhr Fund Management Llc’s US equities portfolio is in this sector.

Reasons Why Mark Rachesky’s Mhr Fund Management Llc Bought – Titan International Inc Stock

Purpose of Transaction

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Item5. Interest in Securities of the Issuer

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Item6. Contracts, Arrangements, Understandings or Relationshipswith Respect to Securities of the Issuer

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Item7. Material to Be Filed as Exhibits

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Signatures

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Table of Contents

Page 8 of 9 Pages

This statement on Schedule13D (this “Statement”) amends and supplements, as AmendmentNo.8, the Schedule13D filed on January21, 2014 (the “Initial Schedule13D”), which was amended on February 20, 2014 by Amendment No. 1 to the Initial Schedule13D (“Amendment No. 1”), onFebruary27, 2014 by Amendment No.2 to the Initial Schedule13D (“Amendment No.2”), and on April 24, 2014 by Amendment No. 3 to the Initial Schedule 13D (“Amendment No. 3”), and on April 30,2014 by Amendment No. 4 to the Initial Schedule 13D (“Amendment No. 4”), on July 31, 2014 by Amendment No. 5 to the initial Schedule13D (“Amendment No.5”), on December10, 2014 by Amendment No. 6 tothe initial Schedule13D (“Amendment No.6”), and on February29, 2016 by Amendment No.7 to the Initial Schedule13D (“Amendment No.7” and, together with the Initial Schedule13Dand Amendment No.1 through Amendment No.6, the “Schedule13D”), and relates to shares of common stock, no par value per share (the “Common Stock”), of Titan International, Inc. (the“Issuer”). Capitalized terms used in this Statement but not defined herein shall have the respective meanings given to such terms in Amendment No.7.

Item4Purpose of Transaction

Item 4 is hereby amended by adding the following:

On September 29, 2016, the Reporting Persons (together with certain of their affiliates, “MHR”), Michael Sirignano and the Issuer entered intoan Audit Committee Observer Agreement (the “Observer Agreement”) that grants MHR the right to designate an observer to the Audit Committee of the Board of Directors of the Issuer (the “Audit Committee”) so long asMHR beneficially owns at least the lesser of (i) 8,005,000 shares of Common Stock and (ii) 10% of the issued and outstanding shares of Common Stock. Pursuant to the Observer Agreement, MHR has designated Michael Sirignano, a principal of FundManagement, as the initial observer to the Audit Committee, and is entitled to direct the replacement of the observer for any reason and at any time.

Theforegoing description of the Observer Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Observer Agreement, a copy of which is filed as Exhibit 1 to this Statement and is incorporated byreference herein.

Item5Interest in Securities of the Issuer

Titan International Inc Institutional Sentiment

Latest Security and Exchange filings show 154 investors own Titan International Inc. The institutional ownership in Q3 2015 is high, at 72.12% of the outstanding shares. This is decreased by 7444873 the total institutional shares. 38982524 were the shares owned by these institutional investors. In total 27 funds opened new Titan International Inc stakes, 49 increased stakes. There were 18 that closed positions and 56 reduced them.

3 managers had the stock in their top Ten. Notable investors are: Mhr Fund Management Llc, Fishman Jay A Ltd Mi..

Mark Rachesky Mhr Fund Management Llc is an institutional investor bullish on Titan International Inc, owning 8005000 shares as of Q3 2015 for 2.48% of its portfolio. Rmb Capital Management Llc owns 137650 shares or 0.06% of its portfolio. GA Buckhead Capital Management Llc have 0.05% of their stock portfolio for 40000 shares. Further, Klingenstein Fields & Co Llc reported stake worth less than 0.01% of its US stock portfolio. The IL Bruce & Co Inc owns 300000 shares. Titan International Inc is 0.51% of the manager’s US portfolio.

Business Profile

Titan International, Inc. is a manufacturer of wheels, tires and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer segments. The Company operates through three segments: agricultural, earthmoving/construction and consumer. The Company’s agricultural market includes rims, wheels, tires and undercarriage systems and components manufactured for use on various agricultural and forestry equipment. The Company’s earthmoving/construction market includes rims, wheels, tires and undercarriage systems and components for various types of off-the-road (OTR) earthmoving, mining, military and construction equipment. The Company’s consumer market includes bias truck tires in Latin America and light truck tires in Russia, as well as products for all-terrain vehicles (ATVs).

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Mark Rachesky’s Mhr Fund Management Llc website.

Insitutional Activity: The institutional sentiment is 1.17 in 2016 Q2. Its the same as in 2016Q1. The ratio is without change, as 19 funds sold all Titan International Inc shares owned while 34 reduced positions. only 15 funds bought stakes while 47 increased positions. They now own 41.43 million shares or 3.90% more from 39.88 million shares in 2016Q1.

Teachers holds 0% of its portfolio in Titan International Inc (NYSE:TWI) for 79,118 shares. Bridgeway holds 218,000 shares or 0.02% of its portfolio. Blackrock, a New York-based fund reported 12,483 shares. Financial Engines Advisors Ltd Liability holds 40,498 shares or 0.21% of its portfolio. Wells Fargo Com Mn last reported 0% of its portfolio in the stock. Moreover, Harvest Cap Strategies Ltd Limited Liability Company has 0.52% invested in Titan International Inc (NYSE:TWI) for 600,000 shares. Hightower Advisors Limited Liability Company has 20,775 shares for 0% of their US portfolio. Louisiana State Employees Retirement System owns 19,400 shares or 0.01% of their US portfolio. Credit Suisse Ag has 0% invested in the company for 34,724 shares. Amer Group Incorporated Inc has 0% invested in the company for 32,846 shares. Pdt Prns Limited Liability Company owns 75,301 shares or 0.04% of their US portfolio. Millrace Asset Grp Incorporated holds 1.57% or 155,073 shares in its portfolio. Deere Co accumulated 19,929 shares or 0.01% of the stock. Federated Pa owns 1,069 shares or 0% of their US portfolio. Barclays Public Limited Co reported 289 shares or 0% of all its holdings.

Analysts await Titan International Inc (NYSE:TWI) to report earnings on November, 4. They expect $-0.14 EPS, up 76.27% or $0.45 from last year’s $-0.59 per share. After $-0.04 actual EPS reported by Titan International Inc for the previous quarter, Wall Street now forecasts 250.00% negative EPS growth.

About 517,043 shares traded hands or 21.88% up from the average. Titan International Inc (NYSE:TWI) has risen 92.56% since March 1, 2016 and is uptrending. It has outperformed by 83.32% the S&P500.

Titan International, Inc. is a manufacturer of wheels, tires and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer divisions. The company has a market cap of $519.21 million. The Firm operates through three divisions: agricultural, earthmoving/construction and consumer. It currently has negative earnings. The Company’s agricultural market includes rims, wheels, tires and undercarriage systems and components manufactured for use on various agricultural and forestry equipment.

Titan International Inc (NYSE:TWI) Ratings Coverage

Out of 2 analysts covering Titan International Inc. (NYSE:TWI), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Titan International Inc. has been the topic of 2 analyst reports since October 15, 2015 according to StockzIntelligence Inc. As per Thursday, November 19, the company rating was downgraded by Goldman Sachs. Avondale initiated Titan International Inc (NYSE:TWI) on Thursday, October 15 with “Market Perform” rating.

More notable recent Titan International Inc (NYSE:TWI) news were published by: Fool.com which released: “Why Titan International Inc’s Shares Surged 39% in August” on September 09, 2016, also Fool.com with their article: “Titan International Inc. Finally Sees Growth on the Horizon” published on August 04, 2016, Fool.com published: “Titan International Inc. Struggles With Weak Demand” on May 05, 2016. More interesting news about Titan International Inc (NYSE:TWI) were released by: Prnewswire.com and their article: “Titan International, Inc. Announces Titan Tire Reclamation Opening” published on April 01, 2016 as well as Fool.com‘s news article titled: “Titan International Inc Reports a Loss, but Sees Signs of Improvement” with publication date: February 26, 2016.

According to Zacks Investment Research, “Titan International, Inc. is a global manufacturer of off-highway steel wheels and tires in the agricultural, earthmoving/construction and consumer markets. Titan generally manufactures both wheels and tires for these markets and provides the value-added service of assembling the completed wheel-tire system. They offer a broad range of different products that are manufactured in relatively short production runs to meet original equipment manufacturers’ specifications and/or aftermarket customer requirements.”

TWI Company Profile

Titan International, Inc., incorporated on March 24, 2015, is a maker of wheels, tires and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer divisions. The Firm operates through three divisions: agricultural, earthmoving/construction and consumer. The Company’s agricultural market includes rims, wheels, tires and undercarriage systems and components manufactured for use on various agricultural and forestry equipment. The Company’s earthmoving/construction market includes rims, wheels, tires and undercarriage systems and components for various types of off-the-road (OTR) earthmoving, mining, military and construction equipment. The Company’s consumer market includes bias truck tires and light truck tires.

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