Segantii Capital Management Ltd Has $8.29 Million Stake in Tata Motors Ltd (TTM)
Segantii Capital Management Ltd increased its position in Tata Motors Ltd (NYSE:TTM) by 114.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 247,909 shares of the company’s stock after buying an additional 132,300 shares during the period. Tata Motors comprises 2.0% of Segantii Capital Management Ltd’s portfolio, making the stock its 12th largest position. Segantii Capital Management Ltd’s holdings in Tata Motors were worth $8,293,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. FMR LLC increased its position in shares of Tata Motors by 16.5% in the fourth quarter. FMR LLC now owns 47,240 shares of the company’s stock worth $1,625,000 after buying an additional 6,700 shares during the period. Daiwa SB Investments Ltd. increased its position in shares of Tata Motors by 31.8% in the first quarter. Daiwa SB Investments Ltd. now owns 2,900 shares of the company’s stock worth $103,000 after buying an additional 700 shares during the period. Capstone Asset Management Co. increased its position in shares of Tata Motors by 2.6% in the first quarter. Capstone Asset Management Co. now owns 12,384 shares of the company’s stock worth $441,000 after buying an additional 310 shares during the period. Fox Run Management L.L.C. increased its position in shares of Tata Motors by 106.1% in the first quarter. Fox Run Management L.L.C. now owns 13,600 shares of the company’s stock worth $485,000 after buying an additional 7,000 shares during the period. Finally, Telemus Capital LLC bought a new position in shares of Tata Motors during the first quarter worth $370,000. 13.27% of the stock is currently owned by institutional investors.
Tata Motors Ltd (TTM) opened at 31.50 on Thursday. Tata Motors Ltd has a one year low of $30.75 and a one year high of $44.79. The stock has a market capitalization of $21.39 billion, a P/E ratio of 22.42 and a beta of 2.26. The company has a 50 day moving average of $34.47 and a 200-day moving average of $35.36.
TTM has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Tata Motors from a “sell” rating to a “hold” rating and set a $39.00 price target on the stock in a report on Saturday, April 15th. ValuEngine downgraded shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. BidaskClub downgraded shares of Tata Motors from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Finally, Morgan Stanley downgraded shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a report on Thursday. 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 stock presently has an average rating of “Hold” and a consensus price target of $43.50.
In other Tata Motors news, Director Carlos Yong acquired 300,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The shares were bought at an average cost of $0.30 per share, with a total value of $90,000.00.
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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