Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Tata Motors Ltd (NYSE:TTM) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,990 shares of the company’s stock after purchasing an additional 1,530 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Tata Motors were worth $766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Coronation Fund Managers Ltd. increased its stake in shares of Tata Motors by 8.3% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 5,494,847 shares of the company’s stock worth $181,385,000 after purchasing an additional 421,696 shares in the last quarter. Cambiar Investors LLC increased its stake in shares of Tata Motors by 5.1% during the 2nd quarter. Cambiar Investors LLC now owns 5,392,413 shares of the company’s stock worth $178,004,000 after purchasing an additional 261,769 shares in the last quarter. BlackRock Inc. increased its stake in shares of Tata Motors by 22.8% during the 2nd quarter. BlackRock Inc. now owns 2,921,844 shares of the company’s stock worth $96,451,000 after purchasing an additional 542,597 shares in the last quarter. Morgan Stanley increased its stake in shares of Tata Motors by 65.1% during the 1st quarter. Morgan Stanley now owns 2,454,241 shares of the company’s stock worth $87,494,000 after purchasing an additional 968,093 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Tata Motors by 2.4% during the 2nd quarter. Lazard Asset Management LLC now owns 2,355,825 shares of the company’s stock worth $77,765,000 after purchasing an additional 54,316 shares in the last quarter. 11.90% of the stock is owned by institutional investors and hedge funds.

Tata Motors Ltd (NYSE:TTM) traded up 0.28% during mid-day trading on Monday, reaching $32.33. 129,179 shares of the company’s stock traded hands. The company has a 50-day moving average of $30.71 and a 200-day moving average of $33.65. The company has a market capitalization of $21.96 billion, a price-to-earnings ratio of 19.90 and a beta of 2.23. Tata Motors Ltd has a 52-week low of $28.97 and a 52-week high of $42.53.

Tata Motors (NYSE:TTM) last released 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). 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%. Equities research analysts expect that Tata Motors Ltd will post $1.84 EPS for the current year.

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

COPYRIGHT VIOLATION WARNING: “Migdal Insurance & Financial Holdings Ltd. Acquires 1,530 Shares of Tata Motors Ltd (TTM)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://www.watchlistnews.com/migdal-insurance-financial-holdings-ltd-acquires-1530-shares-of-tata-motors-ltd-ttm/1619859.html.

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.

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

Receive News & Ratings for Tata Motors Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tata Motors Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.