Pictet Asset Management Ltd. raised its position in shares of Tata Motors Ltd (NYSE:TTM) by 8.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,555 shares of the company’s stock after purchasing an additional 1,667 shares during the period. Pictet Asset Management Ltd.’s holdings in Tata Motors were worth $674,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. First Allied Advisory Services Inc. raised its stake in shares of Tata Motors by 0.3% in the 2nd quarter. First Allied Advisory Services Inc. now owns 14,073 shares of the company’s stock valued at $461,000 after acquiring an additional 47 shares in the last quarter. Creative Planning raised its stake in shares of Tata Motors by 0.9% in the 2nd quarter. Creative Planning now owns 12,898 shares of the company’s stock valued at $426,000 after acquiring an additional 111 shares in the last quarter. Financial Counselors Inc. raised its stake in shares of Tata Motors by 1.9% in the 2nd quarter. Financial Counselors Inc. now owns 10,372 shares of the company’s stock valued at $342,000 after acquiring an additional 193 shares in the last quarter. Wrapmanager Inc. raised its stake in shares of Tata Motors by 2.4% in the 2nd quarter. Wrapmanager Inc. now owns 9,440 shares of the company’s stock valued at $312,000 after acquiring an additional 218 shares in the last quarter. Finally, Telemus Capital LLC raised its stake in shares of Tata Motors by 2.9% in the 2nd quarter. Telemus Capital LLC now owns 10,670 shares of the company’s stock valued at $352,000 after acquiring an additional 305 shares in the last quarter. 11.61% of the stock is owned by institutional investors.

Shares of Tata Motors Ltd (TTM) opened at $31.62 on Wednesday. Tata Motors Ltd has a fifty-two week low of $28.97 and a fifty-two week high of $40.34. The firm has a market capitalization of $21,725.56, a P/E ratio of 21.18, a PEG ratio of 0.24 and a beta of 2.23. The company has a current ratio of 0.98, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79.

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A number of research analysts recently weighed in on the company. Stifel Nicolaus raised Tata Motors from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research raised Tata Motors from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Friday, August 11th. Sanford C. Bernstein lowered Tata Motors from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $45.00 to $30.00 in a report on Friday, August 11th. BidaskClub lowered Tata Motors from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Finally, Morgan Stanley lowered Tata Motors from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $32.50.

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

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