BNP Paribas Arbitrage SA Sells 439,106 Shares of Tata Motors Limited (NYSE:TTM)

BNP Paribas Arbitrage SA trimmed its holdings in shares of Tata Motors Limited (NYSE:TTM) by 19.0% in the second quarter, Holdings Channel.com reports. The firm owned 1,876,703 shares of the company’s stock after selling 439,106 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Tata Motors were worth $42,751,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTM. O Shaughnessy Asset Management LLC grew its stake in shares of Tata Motors by 36,640.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,837 shares of the company’s stock worth $38,000 after acquiring an additional 1,832 shares in the last quarter. Parallel Advisors LLC raised its position in Tata Motors by 6.6% during the second quarter. Parallel Advisors LLC now owns 8,646 shares of the company’s stock worth $197,000 after acquiring an additional 537 shares in the last quarter. Ballentine Partners LLC bought a new position in shares of Tata Motors in the 1st quarter valued at about $200,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Tata Motors during the 1st quarter worth about $243,000. Finally, Wrapmanager Inc. acquired a new position in shares of Tata Motors during the 1st quarter worth about $250,000. 7.91% of the stock is owned by institutional investors and hedge funds.

TTM has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Tata Motors from a “hold” rating to a “sell” rating in a research note on Wednesday, September 1st. Nomura Instinet upgraded shares of Tata Motors from a “reduce” rating to a “neutral” rating in a research note on Tuesday, June 29th. Finally, Nomura upgraded shares of Tata Motors from a “reduce” rating to a “neutral” rating in a research note on Tuesday, June 29th.

Shares of TTM opened at $20.55 on Wednesday. Tata Motors Limited has a 52 week low of $8.23 and a 52 week high of $24.27. The firm has a market cap of $12.70 billion, a P/E ratio of -12.16 and a beta of 2.01. The firm’s 50-day simple moving average is $19.92 and its 200 day simple moving average is $20.97. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.71 and a current ratio of 0.94.

Tata Motors (NYSE:TTM) last announced its earnings results on Monday, July 26th. The company reported ($0.79) earnings per share (EPS) for the quarter. Tata Motors had a positive return on equity of 15.16% and a negative net margin of 3.36%. The business had revenue of $8.89 billion for the quarter, compared to analyst estimates of $8.41 billion. As a group, equities analysts forecast that Tata Motors Limited will post 0.46 earnings per share for the current year.

About Tata Motors

Tata Motors Ltd. is an automobile manufacturer with a portfolio that includes a range of cars, utility vehicles, trucks, buses, and defense vehicles. It operates through the Automotive and Others segments. The Automotive segment includes all activities relating to the development, design, manufacture, assembly and sale of vehicles including vehicle financing, as well as sale of related parts and accessories.

Further Reading: Forex

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

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