Tata Motors Sees Unusually Large Options Volume (NYSE:TTM)

Tata Motors Limited (NYSE:TTM) was the target of some unusual options trading activity on Thursday. Investors purchased 5,553 call options on the stock. This is an increase of approximately 1,578% compared to the average volume of 331 call options.

Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Tata Motors from a “sell” rating to a “buy” rating and set a $36.00 price objective on the stock in a research note on Saturday, November 18th. ValuEngine raised shares of Tata Motors from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Jefferies Group initiated coverage on shares of Tata Motors in a research note on Monday, January 8th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $33.50.

Several institutional investors have recently added to or reduced their stakes in TTM. Cambiar Investors LLC increased its position in shares of Tata Motors by 27.0% in the third quarter. Cambiar Investors LLC now owns 6,848,893 shares of the company’s stock worth $214,165,000 after acquiring an additional 1,456,480 shares in the last quarter. BT Investment Management Ltd acquired a new stake in shares of Tata Motors in the second quarter worth $19,344,000. BlackRock Inc. increased its position in shares of Tata Motors by 22.8% in the second quarter. BlackRock Inc. now owns 2,921,844 shares of the company’s stock worth $96,451,000 after acquiring an additional 542,597 shares in the last quarter. Coronation Fund Managers Ltd. increased its position in shares of Tata Motors by 6.0% in the fourth quarter. Coronation Fund Managers Ltd. now owns 6,987,780 shares of the company’s stock worth $231,086,000 after acquiring an additional 396,536 shares in the last quarter. Finally, NINE MASTS CAPITAL Ltd increased its position in shares of Tata Motors by 71.1% in the second quarter. NINE MASTS CAPITAL Ltd now owns 810,998 shares of the company’s stock worth $27,256,000 after acquiring an additional 337,113 shares in the last quarter. 10.93% of the stock is owned by institutional investors.

Tata Motors (NYSE TTM) traded down $1.59 during trading hours on Monday, reaching $28.16. 2,140,879 shares of the company’s stock were exchanged, compared to its average volume of 1,568,962. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.63 and a current ratio of 0.98. The stock has a market capitalization of $20,204.29, a P/E ratio of 13.94, a P/E/G ratio of 0.18 and a beta of 2.16. Tata Motors has a 12 month low of $28.12 and a 12 month high of $38.82.

Tata Motors (NYSE:TTM) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.57 earnings per share for the quarter. Tata Motors had a net margin of 4.05% and a return on equity of 14.78%. The company had revenue of $10.94 billion for the quarter. research analysts anticipate that Tata Motors will post 3.52 earnings per share for the current year.

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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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