Virtu KCG Holdings LLC Buys New Position in Tata Motors Ltd (TTM)
Virtu KCG Holdings LLC bought a new position in shares of Tata Motors Ltd (NYSE:TTM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,130 shares of the company’s stock, valued at approximately $995,000.
Other hedge funds have also recently modified their holdings of the company. Creative Planning raised its stake in Tata Motors by 0.9% in the second quarter. Creative Planning now owns 12,898 shares of the company’s stock valued at $426,000 after buying an additional 111 shares in the last quarter. Financial Counselors Inc. boosted its position in shares of Tata Motors by 1.9% during the 2nd quarter. Financial Counselors Inc. now owns 10,372 shares of the company’s stock worth $342,000 after acquiring an additional 193 shares in the last quarter. Wrapmanager Inc. boosted its position in shares of Tata Motors by 2.4% during the 2nd quarter. Wrapmanager Inc. now owns 9,440 shares of the company’s stock worth $312,000 after acquiring an additional 218 shares in the last quarter. Telemus Capital LLC boosted its position in shares of Tata Motors by 2.9% during the 2nd quarter. Telemus Capital LLC now owns 10,670 shares of the company’s stock worth $352,000 after acquiring an additional 305 shares in the last quarter. Finally, Hexavest Inc. increased its holdings in shares of Tata Motors by 2.3% in the 2nd quarter. Hexavest Inc. now owns 19,292 shares of the company’s stock valued at $637,000 after acquiring an additional 427 shares during the last quarter. Hedge funds and other institutional investors own 11.90% of the company’s stock.
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TTM has been the topic of several research analyst reports. Stifel Nicolaus raised Tata Motors from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. BidaskClub lowered shares of Tata Motors from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Sanford C. Bernstein lowered shares of Tata Motors from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $45.00 to $30.00 in a research note on Friday, August 11th. Zacks Investment Research raised shares of Tata Motors from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Friday, August 11th. Finally, Morgan Stanley downgraded shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $32.50.
Shares of Tata Motors Ltd (TTM) opened at 31.27 on Monday. Tata Motors Ltd has a 52 week low of $28.97 and a 52 week high of $42.53. The stock has a market cap of $21.24 billion, a PE ratio of 19.24 and a beta of 2.23. The firm has a 50-day moving average price of $30.84 and a 200-day moving average price of $34.01.
Tata Motors (NYSE:TTM) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.21). Tata Motors had a net margin of 3.38% and a return on equity of 19.45%. The firm had revenue of $9.30 billion during the quarter. On average, analysts forecast that Tata Motors Ltd will post $1.84 earnings per share for the current fiscal year.
Tata Motors Profile
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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