Tata Motors Limited (NYSE:TTM) was the target of unusually large options trading activity on Thursday. Stock investors bought 5,553 call options on the stock. This represents an increase of 1,578% compared to the typical volume of 331 call options.

Tata Motors (TTM) opened at $34.32 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.98 and a quick ratio of 0.63. Tata Motors has a 1-year low of $28.97 and a 1-year high of $40.34. The company has a market cap of $21,780.00, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 0.22 and a beta of 2.22.

A number of hedge funds and other institutional investors have recently modified their holdings of TTM. State Street Corp increased its stake in shares of Tata Motors by 2.1% in the 2nd quarter. State Street Corp now owns 1,058,138 shares of the company’s stock worth $34,929,000 after acquiring an additional 21,961 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Tata Motors by 2.4% in the 3rd quarter. SG Americas Securities LLC now owns 153,654 shares of the company’s stock worth $4,805,000 after acquiring an additional 3,600 shares in the last quarter. Seven Eight Capital LP bought a new position in shares of Tata Motors in the 2nd quarter worth about $652,000. New York State Common Retirement Fund increased its stake in shares of Tata Motors by 32.5% in the 2nd quarter. New York State Common Retirement Fund now owns 54,824 shares of the company’s stock worth $1,810,000 after acquiring an additional 13,453 shares in the last quarter. Finally, AXA increased its stake in shares of Tata Motors by 29.9% in the 2nd quarter. AXA now owns 131,083 shares of the company’s stock worth $4,327,000 after acquiring an additional 30,136 shares in the last quarter. Institutional investors and hedge funds own 10.90% of the company’s stock.

TTM has been the subject of several research reports. Zacks Investment Research lowered shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Friday. Jefferies Group initiated coverage on shares of Tata Motors in a report on Monday, January 8th. They issued a “buy” rating for the company. Finally, ValuEngine upgraded shares of Tata Motors from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Tata Motors presently has an average rating of “Hold” and an average price target of $33.00.

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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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