Capital Fund Management S.A. acquired a new position in Tata Motors Ltd. (NYSE:TTM) during the second quarter, Holdings Channel reports. The firm acquired 144,279 shares of the company’s stock, valued at approximately $5,002,000.
Several other large investors also recently modified their holdings of the company. Orbis Allan Gray Ltd bought a new stake in shares of Tata Motors during the first quarter worth approximately $207,000. Creative Planning raised its stake in shares of Tata Motors by 35.6% in the second quarter. Creative Planning now owns 6,120 shares of the company’s stock worth $212,000 after buying an additional 1,608 shares during the last quarter. Royal Bank of Scotland Group PLC bought a new stake in shares of Tata Motors during the first quarter worth approximately $304,000. James Investment Research Inc. raised its stake in shares of Tata Motors by 253.1% in the second quarter. James Investment Research Inc. now owns 11,300 shares of the company’s stock worth $392,000 after buying an additional 8,100 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Tata Motors during the second quarter worth approximately $413,000. Institutional investors and hedge funds own 12.18% of the company’s stock.
Tata Motors Ltd. (NYSE:TTM) traded up 1.68% on Friday, reaching $39.98. 1,196,741 shares of the company were exchanged. The company’s 50-day moving average price is $40.43 and its 200-day moving average price is $34.44. The stock has a market capitalization of $27.15 billion, a P/E ratio of 22.46 and a beta of 2.73. Tata Motors Ltd. has a 12-month low of $20.00 and a 12-month high of $44.79.
A number of equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Tata Motors from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective on the stock in a report on Thursday, September 1st. Credit Suisse Group AG lowered shares of Tata Motors from an “outperform” rating to a “neutral” rating in a report on Monday, June 27th. Finally, Sanford C. Bernstein lowered shares of Tata Motors from an “outperform” rating to a “market perform” rating in a report on Friday, September 9th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $37.99.
Tata Motors Company Profile
Tata Motors Limited is an automobile company. The Company is engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. Its operating segments include automotive operations and all other operations.
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