Huntington National Bank held its stake in shares of Tata Motors Ltd. (NYSE:TTM) during the second quarter, Holdings Channel reports. The institutional investor owned 5,942 shares of the company’s stock at the end of the second quarter. Huntington National Bank’s holdings in Tata Motors were worth $268,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the company. Orbis Allan Gray Ltd purchased a new stake in shares of Tata Motors during the first quarter worth $207,000. Creative Planning increased 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 period. Royal Bank of Scotland Group PLC purchased a new stake in shares of Tata Motors during the first quarter worth $304,000. James Investment Research Inc. increased 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 period. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Tata Motors during the second quarter worth $413,000. 12.18% of the stock is owned by institutional investors.
Shares of Tata Motors Ltd. (NYSE:TTM) traded up 1.68% during trading on Friday, reaching $39.98. 1,196,741 shares of the company traded hands. Tata Motors Ltd. has a 12-month low of $20.00 and a 12-month high of $44.79. The firm’s 50-day moving average is $40.43 and its 200-day moving average is $34.44. The stock has a market capitalization of $27.15 billion, a PE ratio of 22.52 and a beta of 2.73.
A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Tata Motors from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a report on Thursday, September 1st. Credit Suisse Group AG downgraded shares of Tata Motors from an “outperform” rating to a “neutral” rating in a report on Monday, June 27th. Finally, Sanford C. Bernstein downgraded 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 assigned a buy rating and one has issued a strong buy rating to the stock. Tata Motors currently has a consensus rating of “Buy” and a consensus target price of $37.99.
About Tata Motors
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.
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 Ltd. (NYSE:TTM).
Receive News & Ratings for Tata Motors Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tata Motors Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.