Tata Motors Limited (NYSE:TTM) was the target of some unusual options trading activity on Thursday. Investors acquired 5,553 call options on the stock. This is an increase of approximately 1,578% compared to the typical volume of 331 call options.
Shares of Tata Motors (NYSE:TTM) opened at $34.32 on Friday. The firm has a market cap of $21,780.00, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.22 and a beta of 2.22. The company has a current ratio of 0.98, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. Tata Motors has a 12-month low of $28.97 and a 12-month high of $40.34.
Several brokerages have weighed in on TTM. Zacks Investment Research cut shares of Tata Motors from a “buy” rating to a “hold” rating in a research report on Friday. Jefferies Group began coverage on shares of Tata Motors in a research report on Monday, January 8th. They set a “buy” rating for the company. Finally, ValuEngine raised shares of Tata Motors from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Tata Motors presently has an average rating of “Hold” and an average price target of $33.00.
A number of institutional investors and hedge funds have recently made changes to their positions in TTM. Schwab Charles Investment Management Inc. boosted its position in Tata Motors by 28.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 88,666 shares of the company’s stock valued at $2,927,000 after buying an additional 19,508 shares during the period. Commonwealth Bank of Australia raised its holdings in Tata Motors by 8.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 8,050 shares of the company’s stock worth $265,000 after purchasing an additional 633 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Tata Motors by 11.2% in the 2nd quarter. Wells Fargo & Company MN now owns 454,900 shares of the company’s stock worth $15,016,000 after purchasing an additional 45,839 shares in the last quarter. AXA raised its holdings in Tata Motors by 29.9% in the 2nd quarter. AXA now owns 131,083 shares of the company’s stock worth $4,327,000 after purchasing an additional 30,136 shares in the last quarter. Finally, Financial Counselors Inc. raised its holdings in Tata Motors by 1.9% in the 2nd quarter. Financial Counselors Inc. now owns 10,372 shares of the company’s stock worth $342,000 after purchasing an additional 193 shares in the last quarter. 10.90% of the stock is owned by institutional investors and hedge funds.
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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.
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