BlackRock Inc. Boosts Holdings in Tata Motors Limited (TTM)

BlackRock Inc. grew its holdings in Tata Motors Limited (NYSE:TTM) by 16.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,966,599 shares of the company’s stock after acquiring an additional 564,793 shares during the period. BlackRock Inc. owned about 0.58% of Tata Motors worth $101,941,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of TTM. Schwab Charles Investment Management Inc. grew its stake in shares of Tata Motors by 16.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 142,248 shares of the company’s stock worth $4,705,000 after acquiring an additional 19,758 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Tata Motors by 10.1% in the fourth quarter. Schroder Investment Management Group now owns 128,049 shares of the company’s stock worth $4,235,000 after acquiring an additional 11,710 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Tata Motors by 724.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,511 shares of the company’s stock worth $116,000 after acquiring an additional 3,085 shares in the last quarter. FDx Advisors Inc. grew its stake in shares of Tata Motors by 28.2% during the fourth quarter. FDx Advisors Inc. now owns 10,123 shares of the company’s stock worth $335,000 after purchasing an additional 2,228 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new position in shares of Tata Motors during the fourth quarter worth $351,000. Institutional investors and hedge funds own 9.72% of the company’s stock.

Shares of Tata Motors opened at $19.55 on Friday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.95 and a quick ratio of 0.66. The firm has a market cap of $13.31 billion, a P/E ratio of 13.96, a PEG ratio of 0.21 and a beta of 2.19. Tata Motors Limited has a 12 month low of $18.90 and a 12 month high of $36.19.

A number of equities analysts recently commented on TTM shares. JPMorgan Chase & Co. downgraded shares of Tata Motors from an “overweight” rating to a “neutral” rating in a research note on Wednesday, May 23rd. Zacks Investment Research downgraded shares of Tata Motors from a “hold” rating to a “sell” rating in a research note on Wednesday, March 21st. ValuEngine downgraded shares of Tata Motors from a “buy” rating to a “hold” rating in a research note on Friday, March 9th. Finally, BNP Paribas downgraded shares of Tata Motors from a “hold” rating to a “reduce” rating in a research note on Tuesday. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued 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.

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

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