Tata Motors Limited (TTM) Shares Bought by Russell Investments Group Ltd.

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Russell Investments Group Ltd. increased its stake in shares of Tata Motors Limited (NYSE:TTM) by 115.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 153,156 shares of the company’s stock after purchasing an additional 82,090 shares during the quarter. Russell Investments Group Ltd.’s holdings in Tata Motors were worth $2,963,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. grew its holdings in Tata Motors by 16.6% in the 1st quarter. BlackRock Inc. now owns 3,966,599 shares of the company’s stock valued at $101,941,000 after buying an additional 564,793 shares during the period. Hsbc Holdings PLC grew its holdings in shares of Tata Motors by 3.8% during the 1st quarter. Hsbc Holdings PLC now owns 1,734,321 shares of the company’s stock worth $44,571,000 after purchasing an additional 64,242 shares during the period. Millennium Management LLC grew its holdings in shares of Tata Motors by 503.4% during the 1st quarter. Millennium Management LLC now owns 1,308,312 shares of the company’s stock worth $33,624,000 after purchasing an additional 1,091,497 shares during the period. First Trust Advisors LP grew its holdings in shares of Tata Motors by 41.9% during the 2nd quarter. First Trust Advisors LP now owns 961,780 shares of the company’s stock worth $18,803,000 after purchasing an additional 284,124 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Tata Motors by 9.1% during the 1st quarter. Northern Trust Corp now owns 916,682 shares of the company’s stock worth $23,558,000 after purchasing an additional 76,432 shares during the period. 7.89% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on TTM. BNP Paribas cut Tata Motors from a “hold” rating to a “reduce” rating in a report on Tuesday, June 26th. Zacks Investment Research lowered Tata Motors from a “hold” rating to a “strong sell” rating in a research report on Friday, August 3rd. Deutsche Bank lowered Tata Motors from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, HSBC lowered Tata Motors from a “buy” rating to a “hold” rating in a research report on Thursday. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $37.00.

Tata Motors stock traded up $0.29 during midday trading on Friday, hitting $12.37. 3,775,747 shares of the company were exchanged, compared to its average volume of 1,780,930. The firm has a market capitalization of $10.43 billion, a PE ratio of 5.26, a price-to-earnings-growth ratio of 0.46 and a beta of 2.08. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.66 and a current ratio of 0.95. Tata Motors Limited has a fifty-two week low of $11.90 and a fifty-two week high of $35.47.

Tata Motors (NYSE:TTM) last announced its earnings results on Wednesday, August 1st. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.85). Tata Motors had a net margin of 1.32% and a return on equity of 12.39%. The business had revenue of $10.06 billion during the quarter, compared to analyst estimates of $10.69 billion. On average, analysts forecast that Tata Motors Limited will post 2.62 earnings per share for the current fiscal year.

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

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