MML Investors Services LLC grew its stake in Tata Motors Ltd (NYSE:TTM) by 7.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,460 shares of the company’s stock after purchasing an additional 441 shares during the quarter. MML Investors Services LLC’s holdings in Tata Motors were worth $213,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TTM. Morgan Stanley lifted its stake in shares of Tata Motors by 65.1% in the 1st quarter. Morgan Stanley now owns 2,454,241 shares of the company’s stock valued at $87,494,000 after purchasing an additional 968,093 shares during the period. Bank of America Corp DE lifted its stake in shares of Tata Motors by 169.4% in the 1st quarter. Bank of America Corp DE now owns 1,461,331 shares of the company’s stock valued at $52,096,000 after purchasing an additional 918,944 shares during the period. BT Investment Management Ltd acquired a new position in shares of Tata Motors in the 2nd quarter valued at $19,344,000. BlackRock Inc. lifted its stake in shares of Tata Motors by 22.8% in the 2nd quarter. BlackRock Inc. now owns 2,921,844 shares of the company’s stock valued at $96,451,000 after purchasing an additional 542,597 shares during the period. Finally, Coronation Fund Managers Ltd. lifted its stake in shares of Tata Motors by 8.3% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 5,494,847 shares of the company’s stock valued at $181,385,000 after purchasing an additional 421,696 shares during the period. 11.90% of the stock is currently owned by institutional investors.

TTM has been the topic of a number of analyst reports. BidaskClub downgraded Tata Motors from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Zacks Investment Research raised Tata Motors from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Thursday, July 13th. Morgan Stanley downgraded Tata Motors from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 10th. Sanford C. Bernstein downgraded Tata Motors from an “outperform” rating to a “market perform” rating and cut their price target for the company from $45.00 to $30.00 in a research note on Friday, August 11th. Finally, Stifel Nicolaus raised Tata Motors from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Tata Motors has a consensus rating of “Hold” and a consensus target price of $32.50.

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Tata Motors Ltd (NYSE:TTM) opened at 32.21 on Thursday. The stock has a 50 day moving average price of $30.57 and a 200-day moving average price of $33.69. Tata Motors Ltd has a 1-year low of $28.97 and a 1-year high of $42.53. The firm has a market cap of $21.88 billion, a P/E ratio of 19.82 and a beta of 2.23.

Tata Motors (NYSE:TTM) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.21). Tata Motors had a return on equity of 19.45% and a net margin of 3.38%. The business had revenue of $9.30 billion during the quarter. Equities research analysts forecast that Tata Motors Ltd will post $1.84 EPS for the current year.

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

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