Paul Reitz, President of Titan International Inc. (NYSE:TWI), bought 15,000 shares of Common Stock, directly, today, paying a price of $14.32 per share. While this is the insider’s first stock acquisition in his time at Titan, several other company employees have been very active throughout fiscal 2014. Director Anthony Soave, for example, acquired 28,000 shares of Common Stock at the beginning of May, paying a price of $17.53 per share for 11,000 shares and $17.45 per share for the remaining 18,000 company holdings.
Mark Rachesky, Director and large shareholder at Titan International, was also very active this quarter, as he purchased 345,823 shares of Common Stock at the end of April, paying a price of $16.34 per share. After completing several acquisitions of this calibre, the insider now owns a total of 6,252,872 company shares.
This quarter also showed positive movement amongst hedge funds. Mark Rachesky’s Mhr Fund Management remains the leading shareholder after increasing the firm’s portfolio activity by 138%, and the hedge fund now owns over 6.1 million shares, worth 117.1 million.