Greenleaf Trust purchased a new stake in shares of Tata Motors Limited (NYSE:TTM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 15,570 shares of the company’s stock, valued at approximately $239,000.
Other large investors have also made changes to their positions in the company. Signaturefd LLC increased its holdings in Tata Motors by 139.0% during the 2nd quarter. Signaturefd LLC now owns 5,467 shares of the company’s stock valued at $107,000 after purchasing an additional 3,180 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Tata Motors during the 2nd quarter valued at about $235,000. Creative Planning purchased a new position in Tata Motors during the 3rd quarter valued at about $243,000. Morningstar Investment Services LLC increased its holdings in Tata Motors by 51.6% during the 2nd quarter. Morningstar Investment Services LLC now owns 16,273 shares of the company’s stock valued at $318,000 after purchasing an additional 5,537 shares during the period. Finally, Seven Eight Capital LP purchased a new position in Tata Motors during the 3rd quarter valued at about $416,000. Institutional investors own 7.63% of the company’s stock.
TTM stock opened at $12.76 on Friday. Tata Motors Limited has a fifty-two week low of $11.35 and a fifty-two week high of $35.47. The company has a current ratio of 0.92, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75. The company has a market cap of $8.67 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 0.40 and a beta of 2.05.
Tata Motors (NYSE:TTM) last posted its earnings results on Wednesday, August 1st. The company reported ($0.42) earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.85). Tata Motors had a return on equity of 4.16% and a net margin of 0.18%. The firm had revenue of $10.06 billion for the quarter, compared to analysts’ expectations of $10.69 billion. On average, analysts expect that Tata Motors Limited will post 1.24 EPS for the current year.
A number of research firms have weighed in on TTM. ValuEngine upgraded Tata Motors from a “strong sell” rating to a “sell” rating in a report on Friday. Deutsche Bank downgraded Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. HSBC downgraded Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Zacks Investment Research downgraded Tata Motors from a “hold” rating to a “strong sell” rating in a report on Friday, August 3rd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $37.00.
Tata Motors Company 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 cars, sports vehicles, trucks, buses, and defence vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial and marine applications; aggregates, such as axles and transmissions for commercial vehicles; and factory automation equipment.
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