Envestnet Asset Management Inc. Decreases Position in Tata Motors Limited (TTM)

Envestnet Asset Management Inc. lowered its stake in shares of Tata Motors Limited (NYSE:TTM) by 6.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 13,170 shares of the company’s stock after selling 895 shares during the period. Envestnet Asset Management Inc.’s holdings in Tata Motors Limited were worth $453,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Indus Capital Partners LLC raised its position in shares of Tata Motors Limited by 289.6% in the fourth quarter. Indus Capital Partners LLC now owns 1,774,137 shares of the company’s stock valued at $61,013,000 after buying an additional 1,318,749 shares in the last quarter. Azimuth Capital Management LLC raised its position in shares of Tata Motors Limited by 5.3% in the fourth quarter. Azimuth Capital Management LLC now owns 55,600 shares of the company’s stock valued at $1,912,000 after buying an additional 2,805 shares in the last quarter. Allianz Asset Management AG raised its position in shares of Tata Motors Limited by 38.9% in the fourth quarter. Allianz Asset Management AG now owns 385,374 shares of the company’s stock valued at $13,253,000 after buying an additional 107,848 shares in the last quarter. Credit Agricole S A raised its position in shares of Tata Motors Limited by 34.6% in the fourth quarter. Credit Agricole S A now owns 1,469,813 shares of the company’s stock valued at $50,547,000 after buying an additional 377,976 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Tata Motors Limited during the fourth quarter valued at $279,000. Hedge funds and other institutional investors own 13.52% of the company’s stock.

Institutional Ownership by Quarter for Tata Motors Limited (NYSE:TTM)

Shares of Tata Motors Limited (NYSE:TTM) opened at 36.62 on Tuesday. Tata Motors Limited has a 12-month low of $26.97 and a 12-month high of $44.79. The company has a 50 day moving average of $35.99 and a 200-day moving average of $37.57. The firm has a market cap of $24.87 billion, a price-to-earnings ratio of 15.01 and a beta of 2.53.

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Several brokerages have recently weighed in on TTM. Zacks Investment Research upgraded shares of Tata Motors Limited from a “sell” rating to a “hold” rating in a report on Saturday. Deutsche Bank AG upgraded shares of Tata Motors Limited from a “hold” rating to a “buy” rating in a report on Friday, January 6th. Finally, Sanford C. Bernstein upgraded shares of Tata Motors Limited from a “market perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a report on Monday, November 21st.

About Tata Motors Limited

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.

5 Day Chart for NYSE:TTM

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