Janney Montgomery Scott LLC Has $1.12 Million Holdings in Tata Motors Limited (TTM)

Janney Montgomery Scott LLC lifted its stake in Tata Motors Limited (NYSE:TTM) by 31.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,889 shares of the company’s stock after purchasing an additional 8,650 shares during the period. Janney Montgomery Scott LLC’s holdings in Tata Motors were worth $1,122,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. NEXT Financial Group Inc purchased a new stake in shares of Tata Motors in the 3rd quarter worth about $100,000. MML Investors Services LLC increased its stake in Tata Motors by 7.3% during the 2nd quarter. MML Investors Services LLC now owns 6,460 shares of the company’s stock valued at $213,000 after purchasing an additional 441 shares in the last quarter. Advisor Group Inc. increased its stake in Tata Motors by 8.1% during the 2nd quarter. Advisor Group Inc. now owns 7,254 shares of the company’s stock valued at $214,000 after purchasing an additional 542 shares in the last quarter. Quantbot Technologies LP bought a new stake in Tata Motors during the 2nd quarter valued at about $226,000. Finally, Stifel Financial Corp bought a new stake in Tata Motors during the 3rd quarter valued at about $231,000. 10.90% of the stock is owned by hedge funds and other institutional investors.

Tata Motors Limited (NYSE:TTM) traded up $0.03 on Friday, hitting $34.32. 920,403 shares of the company were exchanged, compared to its average volume of 1,040,000. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.63 and a current ratio of 0.98. Tata Motors Limited has a one year low of $28.97 and a one year high of $40.34. The stock has a market capitalization of $21,780.00, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 0.22 and a beta of 2.22.

A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of Tata Motors from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Group assumed coverage on shares of Tata Motors in a research note on Monday, January 8th. They issued a “buy” rating for the company. Finally, ValuEngine upgraded shares of Tata Motors from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $33.00.

COPYRIGHT VIOLATION NOTICE: “Janney Montgomery Scott LLC Has $1.12 Million Holdings in Tata Motors Limited (TTM)” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/01/13/janney-montgomery-scott-llc-buys-8650-shares-of-tata-motors-limited-ttm.html.

About Tata Motors

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.

Institutional Ownership by Quarter for Tata Motors (NYSE:TTM)

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

Leave a Reply