Bluestein R H & Co. Holds Holdings in Tata Motors Ltd (TTM)
Bluestein R H & Co. maintained its stake in Tata Motors Ltd (NYSE:TTM) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the company’s stock at the end of the 2nd quarter. Bluestein R H & Co.’s holdings in Tata Motors were worth $825,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. NINE MASTS CAPITAL Ltd purchased a new stake in Tata Motors during the 1st quarter valued at approximately $17,084,000. BB&T Securities LLC purchased a new stake in Tata Motors during the 1st quarter valued at approximately $671,000. PNC Financial Services Group Inc. grew its holdings in Tata Motors by 439.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,406 shares of the company’s stock valued at $194,000 after buying an additional 4,404 shares in the last quarter. Airain ltd purchased a new stake in Tata Motors during the 2nd quarter valued at approximately $2,436,000. Finally, Paloma Partners Management Co grew its holdings in Tata Motors by 5.4% during the 1st quarter. Paloma Partners Management Co now owns 37,738 shares of the company’s stock valued at $1,345,000 after buying an additional 1,919 shares in the last quarter. 11.90% of the stock is owned by institutional investors and hedge funds.
Tata Motors Ltd (NYSE:TTM) traded down 0.09% on Friday, hitting $31.75. The stock had a trading volume of 676,017 shares. Tata Motors Ltd has a 12 month low of $28.97 and a 12 month high of $42.53. The company has a market cap of $21.56 billion, a PE ratio of 19.54 and a beta of 2.29. The company has a 50-day moving average of $30.84 and a 200 day moving average of $34.01.
Tata Motors (NYSE:TTM) last issued its earnings results on Wednesday, August 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.21). The company had revenue of $9.30 billion during the quarter. Tata Motors had a net margin of 3.38% and a return on equity of 19.45%. On average, analysts predict that Tata Motors Ltd will post $1.84 EPS for the current fiscal year.
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TTM has been the subject of a number of research analyst reports. BidaskClub raised shares of Tata Motors from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. ValuEngine lowered shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Zacks Investment Research raised shares of Tata Motors from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Saturday, May 27th. Morgan Stanley lowered shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 10th. Finally, Sanford C. Bernstein lowered shares of Tata Motors from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $45.00 to $30.00 in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $32.50.
About Tata Motors
Tata Motors Limited is an automobile company. The Company is engaged in manufacture of motor vehicles. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Company’s segments include automotive operations and all other operations.
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