BT Investment Management Ltd raised its holdings in Tata Motors Ltd (NYSE:TTM) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 590,203 shares of the company’s stock after purchasing an additional 4,209 shares during the period. BT Investment Management Ltd owned 0.09% of Tata Motors worth $18,456,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. First Allied Advisory Services Inc. lifted its holdings in shares of Tata Motors by 0.3% in the second quarter. First Allied Advisory Services Inc. now owns 14,073 shares of the company’s stock valued at $461,000 after purchasing an additional 47 shares in the last quarter. Creative Planning lifted its holdings in shares of Tata Motors by 0.9% in the second quarter. Creative Planning now owns 12,898 shares of the company’s stock valued at $426,000 after purchasing an additional 111 shares in the last quarter. Financial Counselors Inc. lifted its holdings in shares of Tata Motors by 1.9% in the second quarter. Financial Counselors Inc. now owns 10,372 shares of the company’s stock valued at $342,000 after purchasing an additional 193 shares in the last quarter. Wrapmanager Inc. lifted its holdings in shares of Tata Motors by 2.4% in the second quarter. Wrapmanager Inc. now owns 9,440 shares of the company’s stock valued at $312,000 after purchasing an additional 218 shares in the last quarter. Finally, Telemus Capital LLC lifted its holdings in shares of Tata Motors by 2.9% in the second quarter. Telemus Capital LLC now owns 10,670 shares of the company’s stock valued at $352,000 after purchasing an additional 305 shares in the last quarter. 11.82% of the stock is currently owned by institutional investors.
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Shares of Tata Motors Ltd (NYSE TTM) traded up $0.61 on Friday, hitting $33.82. 2,731,165 shares of the company traded hands, compared to its average volume of 1,008,963. The company has a quick ratio of 0.70, a current ratio of 1.01 and a debt-to-equity ratio of 1.12. The firm has a market cap of $22,968.38, a PE ratio of 30.20, a P/E/G ratio of 0.29 and a beta of 2.23.
Tata Motors (NYSE:TTM) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.21). The firm had revenue of $9.30 billion for the quarter. Tata Motors had a net margin of 3.38% and a return on equity of 19.45%. analysts forecast that Tata Motors Ltd will post 2.79 earnings per share for the current year.
Several analysts have issued reports on TTM shares. BidaskClub raised shares of Tata Motors from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Tata Motors from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a report on Thursday, July 13th. Morgan Stanley downgraded shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 10th. Sanford C. Bernstein downgraded shares of Tata Motors from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $45.00 to $30.00 in a report on Friday, August 11th. Finally, Stifel Nicolaus raised shares of Tata Motors from a “hold” rating to a “buy” rating in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Tata Motors currently has an average rating of “Hold” and a consensus price target of $32.50.
Tata Motors Company Profile
Tata Motors Limited is an automobile company. The Company is engaged in manufacture of motor vehicles. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Company’s segments include automotive operations and all other operations.
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