Coronation Fund Managers Ltd. trimmed its position in shares of Tata Motors Limited (NYSE:TTM) by 99.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,345 shares of the company’s stock after selling 3,673,121 shares during the quarter. Coronation Fund Managers Ltd.’s holdings in Tata Motors were worth $272,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Tata Motors by 8.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 655,074 shares of the company’s stock valued at $12,794,000 after purchasing an additional 51,285 shares during the last quarter. Nikko Asset Management Americas Inc. lifted its stake in shares of Tata Motors by 62.2% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 505,476 shares of the company’s stock valued at $7,926,000 after purchasing an additional 193,876 shares during the last quarter. Aperio Group LLC lifted its stake in shares of Tata Motors by 19.4% in the 3rd quarter. Aperio Group LLC now owns 284,025 shares of the company’s stock valued at $4,363,000 after purchasing an additional 46,053 shares during the last quarter. Seven Eight Capital LP acquired a new position in shares of Tata Motors in the 3rd quarter valued at $416,000. Finally, Hanson & Doremus Investment Management lifted its stake in shares of Tata Motors by 21.5% in the 3rd quarter. Hanson & Doremus Investment Management now owns 90,544 shares of the company’s stock valued at $1,391,000 after purchasing an additional 16,005 shares during the last quarter. 6.86% of the stock is currently owned by institutional investors.

TTM opened at $10.61 on Tuesday. Tata Motors Limited has a 12-month low of $10.29 and a 12-month high of $29.39. The company has a current ratio of 0.92, a quick ratio of 0.55 and a debt-to-equity ratio of 0.75. The stock has a market cap of $7.14 billion, a P/E ratio of 4.51, a PEG ratio of 2.83 and a beta of 1.66.

Several equities analysts have recently commented on the company. ValuEngine lowered Tata Motors from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Zacks Investment Research lowered Tata Motors from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 6th. Nomura reaffirmed a “neutral” rating on shares of Tata Motors in a research note on Friday. Finally, Bank of America lowered Tata Motors from a “buy” rating to a “neutral” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The company presently has an average rating of “Hold”.

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Tata Motors Profile

Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. It operates through Automotive Operations and All Other Operations segments. The company offers cars, sports vehicles, trucks, buses, and defence vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial and marine applications; aggregates, such as axles and transmissions for commercial vehicles; and factory automation equipment.

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

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