State Street Corp raised its position in Tata Motors Ltd (NYSE:TTM) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,036,177 shares of the company’s stock after buying an additional 4,248 shares during the period. State Street Corp owned 0.15% of Tata Motors worth $36,940,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TTM. Cambiar Investors LLC acquired a new position in Tata Motors during the first quarter worth $182,907,000. Wellington Management Group LLP increased its stake in shares of Tata Motors by 189.9% in the first quarter. Wellington Management Group LLP now owns 7,271,482 shares of the company’s stock worth $259,228,000 after buying an additional 4,763,259 shares in the last quarter. Morgan Stanley increased its stake in shares of Tata Motors by 65.1% in the first quarter. Morgan Stanley now owns 2,454,241 shares of the company’s stock worth $87,494,000 after buying an additional 968,093 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Tata Motors by 169.4% in the first quarter. Bank of America Corp DE now owns 1,461,331 shares of the company’s stock worth $52,096,000 after buying an additional 918,944 shares in the last quarter. Finally, Coronation Fund Managers Ltd. increased its stake in shares of Tata Motors by 15.9% in the first quarter. Coronation Fund Managers Ltd. now owns 5,073,151 shares of the company’s stock worth $180,858,000 after buying an additional 695,674 shares in the last quarter. 12.74% of the stock is currently owned by institutional investors and hedge funds.
Tata Motors Ltd (NYSE TTM) opened at 29.44 on Friday. The firm has a 50 day moving average of $33.65 and a 200 day moving average of $34.95. Tata Motors Ltd has a 1-year low of $29.20 and a 1-year high of $44.79. The firm has a market cap of $19.99 billion, a P/E ratio of 18.12 and a beta of 2.26.
Tata Motors (NYSE:TTM) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.19 earnings per share for the quarter, missing the Zacks’ 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%. On average, equities research analysts expect that Tata Motors Ltd will post $1.84 EPS for the current year.
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TTM has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Tata Motors from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine downgraded shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research upgraded shares of Tata Motors from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Saturday, May 27th. Morgan Stanley downgraded shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 10th. Finally, Sanford C. Bernstein downgraded shares of Tata Motors from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $45.00 to $30.00 in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $32.50.
In other news, Director Carlos Yong purchased 300,000 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was acquired at an average cost of $0.30 per share, with a total value of $90,000.00.
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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