Goldman Sachs Group Inc. lowered its stake in shares of Tata Motors Ltd (NYSE:TTM) by 3.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 794,050 shares of the company’s stock after selling 25,422 shares during the quarter. Goldman Sachs Group Inc. owned about 0.12% of Tata Motors worth $26,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Seven Eight Capital LP purchased a new position in shares of Tata Motors during the second quarter valued at about $652,000. AXA increased its position in shares of Tata Motors by 29.9% during the second quarter. AXA now owns 131,083 shares of the company’s stock valued at $4,327,000 after buying an additional 30,136 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Tata Motors by 105.2% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 89,901 shares of the company’s stock valued at $2,968,000 after buying an additional 46,088 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Tata Motors by 439.5% during the first 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 during the period. Finally, Airain ltd purchased a new position in shares of Tata Motors during the second quarter valued at about $2,436,000. Institutional investors own 11.90% of the company’s stock.

Shares of Tata Motors Ltd (NYSE TTM) opened at 31.78 on Thursday. The firm has a 50-day moving average of $30.96 and a 200-day moving average of $33.56. The stock has a market cap of $21.58 billion, a PE ratio of 19.56 and a beta of 2.23. Tata Motors Ltd has a one year low of $28.97 and a one year high of $41.55.

Tata Motors (NYSE:TTM) last posted its earnings results on Wednesday, August 9th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). The business had revenue of $9.30 billion for the quarter. Tata Motors had a net margin of 3.38% and a return on equity of 19.45%. On average, equities research analysts expect that Tata Motors Ltd will post $1.84 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub cut shares of Tata Motors from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Sanford C. Bernstein cut shares of Tata Motors from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $45.00 to $30.00 in a report on Friday, August 11th. Morgan Stanley cut shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 10th. Finally, Stifel Nicolaus upgraded shares of Tata Motors from a “hold” rating to a “buy” rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.50.

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

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