LSV Asset Management cut its position in Tata Motors Ltd. (NYSE:TTM) by 36.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,840,841 shares of the company’s stock after selling 1,054,308 shares during the period. LSV Asset Management owned approximately 0.27% of Tata Motors worth $73,596,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in Tata Motors during the second quarter worth $19,251,000. Acadian Asset Management LLC raised its position in shares of Tata Motors by 47.2% in the second quarter. Acadian Asset Management LLC now owns 1,423,116 shares of the company’s stock valued at $49,342,000 after buying an additional 456,648 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Tata Motors during the second quarter valued at $413,000. James Investment Research Inc. raised its position in shares of Tata Motors by 253.1% in the second quarter. James Investment Research Inc. now owns 11,300 shares of the company’s stock valued at $392,000 after buying an additional 8,100 shares during the period. Finally, Hexavest Inc. raised its position in shares of Tata Motors by 6.4% in the second quarter. Hexavest Inc. now owns 14,169 shares of the company’s stock valued at $491,000 after buying an additional 851 shares during the period. Institutional investors and hedge funds own 13.26% of the company’s stock.

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

Shares of Tata Motors Ltd. (NYSE:TTM) opened at 33.17 on Wednesday. The firm has a market capitalization of $22.53 billion, a P/E ratio of 13.88 and a beta of 2.87. Tata Motors Ltd. has a 52 week low of $20.00 and a 52 week high of $44.79. The stock’s 50 day moving average price is $38.21 and its 200 day moving average price is $37.24.

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TTM has been the topic of several research reports. Sanford C. Bernstein lowered Tata Motors from an “outperform” rating to a “market perform” rating in a research report on Friday, September 9th. Zacks Investment Research lowered Tata Motors from a “hold” rating to a “sell” rating in a research report on Tuesday, November 22nd. Finally, Credit Suisse Group AG raised Tata Motors from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $42.49.

About Tata Motors

Tata Motors Limited is an automobile company. The Company is engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. Its operating segments include automotive operations and all other operations.

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