Wrapmanager Inc. raised its stake in Tata Motors Ltd (NYSE:TTM) by 2.4% during the second quarter, Holdings Channel reports. The institutional investor owned 9,440 shares of the company’s stock after buying an additional 218 shares during the period. Wrapmanager Inc.’s holdings in Tata Motors were worth $312,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. LMR Partners LLP boosted its stake in shares of Tata Motors by 8.9% in the second quarter. LMR Partners LLP now owns 2,193,347 shares of the company’s stock valued at $73,453,000 after buying an additional 179,668 shares in the last quarter. ClariVest Asset Management LLC boosted its stake in shares of Tata Motors by 36.8% in the second quarter. ClariVest Asset Management LLC now owns 414,353 shares of the company’s stock valued at $13,678,000 after buying an additional 111,500 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of Tata Motors by 1,031.5% in the second quarter. DekaBank Deutsche Girozentrale now owns 27,156 shares of the company’s stock valued at $905,000 after buying an additional 24,756 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Tata Motors by 51.8% in the second quarter. First Trust Advisors LP now owns 355,257 shares of the company’s stock valued at $11,727,000 after buying an additional 121,250 shares in the last quarter. Finally, Segantii Capital Management Ltd boosted its stake in shares of Tata Motors by 114.4% in the second quarter. Segantii Capital Management Ltd now owns 247,909 shares of the company’s stock valued at $8,293,000 after buying an additional 132,300 shares in the last quarter. 12.74% of the stock is currently owned by institutional investors.

Tata Motors Ltd (NYSE:TTM) opened at 29.46 on Wednesday. The company has a 50-day moving average of $33.90 and a 200 day moving average of $35.02. Tata Motors Ltd has a 12-month low of $29.20 and a 12-month high of $44.79. The company has a market capitalization of $20.01 billion, a P/E ratio of 18.13 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 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.21. Tata Motors had a return on equity of 19.45% and a net margin of 3.38%. The firm had revenue of $9.30 billion during the quarter. Equities research analysts forecast that Tata Motors Ltd will post $1.84 earnings per share for the current fiscal year.

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Several brokerages recently weighed in on TTM. BidaskClub cut shares of Tata Motors from a “sell” rating to a “strong sell” rating in a research note on Saturday. Sanford C. Bernstein cut shares of Tata Motors from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $45.00 to $30.00 in a research report on Friday, August 11th. Zacks Investment Research raised shares of Tata Motors from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Friday, August 11th. Morgan Stanley cut shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 10th. Finally, ValuEngine cut shares of Tata Motors from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Tata Motors currently has a consensus rating of “Hold” and a consensus target price of $32.50.

In other Tata Motors news, Director Carlos Yong acquired 300,000 shares of the stock in a transaction on Tuesday, June 13th. The stock was acquired at an average price of $0.30 per share, for a total transaction 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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Institutional Ownership by Quarter for Tata Motors (NYSE:TTM)

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