Tata Motors Limited (TTM) Stake Decreased by NINE MASTS CAPITAL Ltd
NINE MASTS CAPITAL Ltd cut its position in shares of Tata Motors Limited (NYSE:TTM) by 80.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 83,400 shares of the company’s stock after selling 334,400 shares during the quarter. NINE MASTS CAPITAL Ltd’s holdings in Tata Motors were worth $1,296,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of TTM. Signaturefd LLC increased its position in shares of Tata Motors by 139.0% during the second quarter. Signaturefd LLC now owns 5,467 shares of the company’s stock worth $107,000 after buying an additional 3,180 shares during the period. Parsec Financial Management Inc. acquired a new stake in shares of Tata Motors during the third quarter worth $164,000. LPL Financial LLC acquired a new stake in shares of Tata Motors during the third quarter worth $166,000. Trexquant Investment LP acquired a new stake in shares of Tata Motors during the third quarter worth $170,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Tata Motors during the second quarter worth $235,000. Institutional investors own 7.48% of the company’s stock.
NYSE:TTM traded down $0.72 during trading hours on Thursday, reaching $11.37. The company had a trading volume of 714,260 shares, compared to its average volume of 1,689,363. 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 capitalization of $8.21 billion, a price-to-earnings ratio of 4.84, a PEG ratio of 0.76 and a beta of 2.05. Tata Motors Limited has a twelve month low of $11.35 and a twelve month high of $34.40.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Tata Motors from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 6th. ValuEngine upgraded shares of Tata Motors from a “strong sell” rating to a “sell” rating in a report on Friday, November 2nd. Deutsche Bank cut shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, HSBC cut shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $37.00.
COPYRIGHT VIOLATION WARNING: “Tata Motors Limited (TTM) Stake Decreased by NINE MASTS CAPITAL Ltd” was published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international copyright & trademark laws. The original version of this piece can be read at https://www.watchlistnews.com/tata-motors-limited-ttm-stake-decreased-by-nine-masts-capital-ltd/2665176.html.
Tata Motors Company 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.
See Also: Fundamental Analysis
Want to see what other hedge funds are holding TTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tata Motors Limited (NYSE:TTM).
Receive News & Ratings for Tata Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tata Motors and related companies with MarketBeat.com's FREE daily email newsletter.