ETRADE Capital Management LLC grew its stake in Tata Motors (NYSE:TTM) by 114.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,130 shares of the company’s stock after acquiring an additional 28,915 shares during the period. ETRADE Capital Management LLC’s holdings in Tata Motors were worth $1,391,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in TTM. Schwab Charles Investment Management Inc. grew its holdings in Tata Motors by 23.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 176,169 shares of the company’s stock worth $4,528,000 after purchasing an additional 33,921 shares during the period. LSV Asset Management grew its holdings in Tata Motors by 21.3% during the first quarter. LSV Asset Management now owns 11,400 shares of the company’s stock worth $292,000 after purchasing an additional 2,000 shares during the period. Bbva Compass Bancshares Inc. grew its holdings in Tata Motors by 13.2% during the first quarter. Bbva Compass Bancshares Inc. now owns 55,484 shares of the company’s stock worth $1,426,000 after purchasing an additional 6,491 shares during the period. Prudential Financial Inc. grew its holdings in Tata Motors by 18.5% during the first quarter. Prudential Financial Inc. now owns 444,700 shares of the company’s stock worth $11,429,000 after purchasing an additional 69,500 shares during the period. Finally, Wrapmanager Inc. grew its holdings in Tata Motors by 22.9% during the first quarter. Wrapmanager Inc. now owns 12,431 shares of the company’s stock worth $319,000 after purchasing an additional 2,319 shares during the period. Institutional investors own 10.29% of the company’s stock.
Shares of TTM stock opened at $22.69 on Wednesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.98 and a quick ratio of 0.63. The company has a market cap of $16.14 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 0.13 and a beta of 2.24. Tata Motors has a 12-month low of $22.59 and a 12-month high of $22.96.
A number of equities analysts recently commented on TTM shares. Zacks Investment Research upgraded Tata Motors from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Saturday, January 20th. ValuEngine downgraded shares of Tata Motors from a “buy” rating to a “hold” rating in a research report on Friday, March 9th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Tata Motors presently has an average rating of “Hold” and a consensus target price of $33.50.
Tata Motors Profile
Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. It operates through Automotive Operations and All Other Operations segments. The company offers passenger cars, such as passenger cars; utility vehicles, including SUVs and multipurpose utility vehicles; light commercial vehicles comprising pickup trucks and small commercial vehicles; and medium and heavy commercial vehicles consisting of trucks, tractors, buses, tippers, multi-axle vehicles, dump trucks, tractor-trailers, mixers, and cargo vehicles, as well as related parts and accessories.
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