Tudor Investment Corp ET AL lessened its holdings in Tower International, Inc. (NYSE:TOWR) by 30.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,277 shares of the auto parts company’s stock after selling 6,123 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.07% of Tower International worth $321,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Thrivent Financial For Lutherans lifted its holdings in shares of Tower International by 74.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 521,942 shares of the auto parts company’s stock worth $11,718,000 after buying an additional 222,485 shares during the period. Nationwide Fund Advisors lifted its holdings in shares of Tower International by 211.8% in the 2nd quarter. Nationwide Fund Advisors now owns 118,372 shares of the auto parts company’s stock worth $2,657,000 after buying an additional 80,408 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Tower International by 3.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 645,426 shares of the auto parts company’s stock worth $14,490,000 after buying an additional 19,634 shares during the period. Capital Fund Management S.A. purchased a new stake in shares of Tower International in the 2nd quarter worth $404,000. Finally, Martingale Asset Management L P lifted its holdings in shares of Tower International by 7.1% in the 2nd quarter. Martingale Asset Management L P now owns 53,126 shares of the auto parts company’s stock worth $1,193,000 after buying an additional 3,501 shares during the period. 88.72% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: This piece was first published by Daily Political and is the property of of Daily Political. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://www.dailypolitical.com/2017/10/15/tower-international-inc-towr-shares-sold-by-tudor-investment-corp-et-al.html.

Shares of Tower International, Inc. (NYSE TOWR) opened at 27.65 on Friday. The stock has a market capitalization of $567.41 million, a PE ratio of 8.05 and a beta of 2.69. The firm has a 50 day moving average price of $24.98 and a 200 day moving average price of $24.06. Tower International, Inc. has a one year low of $20.85 and a one year high of $30.50.

Tower International (NYSE:TOWR) last issued its quarterly earnings data on Wednesday, July 26th. The auto parts company reported $0.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.05. The business had revenue of $489.93 million during the quarter, compared to analysts’ expectations of $494.87 million. Tower International had a return on equity of 33.20% and a net margin of 3.76%. The company’s revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 earnings per share. Analysts predict that Tower International, Inc. will post $3.63 earnings per share for the current fiscal year.

Several brokerages have weighed in on TOWR. ValuEngine cut Tower International from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. BidaskClub upgraded Tower International from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. TheStreet upgraded Tower International from a “c+” rating to a “b” rating in a report on Thursday, September 28th. Zacks Investment Research upgraded Tower International from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Tuesday, September 26th. Finally, FBR & Co reiterated an “outperform” rating and issued a $40.00 target price on shares of Tower International in a report on Friday, June 30th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $31.50.

Tower International Company Profile

Tower International, Inc is a global manufacturer of engineered automotive structural metal components and assemblies primarily serving original equipment manufacturers (OEMs). The Company’s product portfolio includes body-structure stampings, frame and other chassis structures, and welded assemblies for small and large cars, crossovers, pickups and sport utility vehicles (SUVs).

Institutional Ownership by Quarter for Tower International (NYSE:TOWR)

Receive News & Ratings for Tower International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tower International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.