Tata Motors Ltd (NYSE:TTM) Shares Bought by Wetherby Asset Management Inc.
Wetherby Asset Management Inc. increased its stake in Tata Motors Ltd (NYSE:TTM) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 11,363 shares of the company’s stock after buying an additional 15 shares during the period. Wetherby Asset Management Inc.’s holdings in Tata Motors were worth $375,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of TTM. Trexquant Investment LP bought a new position in shares of Tata Motors during the second quarter valued at approximately $399,000. Camelot Portfolios LLC raised its position in shares of Tata Motors by 3.9% in the second quarter. Camelot Portfolios LLC now owns 34,203 shares of the company’s stock valued at $1,129,000 after buying an additional 1,275 shares during the period. Telemus Capital LLC raised its position in shares of Tata Motors by 2.9% in the second quarter. Telemus Capital LLC now owns 10,670 shares of the company’s stock valued at $352,000 after buying an additional 305 shares during the period. Barry Investment Advisors LLC raised its position in shares of Tata Motors by 1.4% in the second quarter. Barry Investment Advisors LLC now owns 61,982 shares of the company’s stock valued at $2,046,000 after buying an additional 878 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its position in shares of Tata Motors by 71.0% in the second quarter. State of New Jersey Common Pension Fund D now owns 132,392 shares of the company’s stock valued at $4,370,000 after buying an additional 54,987 shares during the period. 12.74% of the stock is owned by hedge funds and other institutional investors.
Tata Motors Ltd (NYSE:TTM) opened at 29.75 on Tuesday. The company’s 50-day moving average is $34.03 and its 200 day moving average is $35.10. Tata Motors Ltd has a 12 month low of $29.20 and a 12 month high of $44.79. The firm has a market cap of $20.21 billion, a price-to-earnings ratio of 18.31 and a beta of 2.26.
Tata Motors (NYSE:TTM) last posted its quarterly earnings results on Wednesday, August 9th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by $0.21. The company had revenue of $9.30 billion for the quarter. Tata Motors had a return on equity of 19.45% and a net margin of 3.38%. On average, equities research analysts predict that Tata Motors Ltd will post $1.84 earnings per share for the current year.
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Several brokerages recently commented on TTM. BidaskClub lowered shares of Tata Motors from a “sell” rating to a “strong sell” rating in a research report on Saturday. Sanford C. Bernstein lowered shares of Tata Motors from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $45.00 to $30.00 in a research report on Friday. Zacks Investment Research raised shares of Tata Motors from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Friday. Morgan Stanley lowered shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 10th. Finally, ValuEngine lowered shares of Tata Motors from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $32.50.
In related news, Director Carlos Yong purchased 300,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The stock was acquired at an average cost of $0.30 per share, for a total transaction of $90,000.00.
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.
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