Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Tata Motors Ltd (NYSE:TTM) by 17.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 252,849 shares of the company’s stock after buying an additional 38,300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Tata Motors were worth $8,347,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in shares of Tata Motors by 439.5% in the first quarter. PNC Financial Services Group Inc. now owns 5,406 shares of the company’s stock worth $194,000 after buying an additional 4,404 shares in the last quarter. Stifel Financial Corp bought a new position in shares of Tata Motors during the first quarter valued at $209,000. BB&T Corp bought a new position in shares of Tata Motors during the first quarter valued at $209,000. Greenleaf Trust bought a new position in shares of Tata Motors during the first quarter valued at $211,000. Finally, Morningstar Investment Services LLC bought a new position in shares of Tata Motors during the first quarter valued at $221,000. Institutional investors own 11.90% of the company’s stock.
Shares of Tata Motors Ltd (TTM) opened at 29.84 on Thursday. The stock has a market capitalization of $20.27 billion, a price-to-earnings ratio of 18.42 and a beta of 2.26. The stock’s 50 day moving average price is $33.03 and its 200 day moving average price is $34.54. Tata Motors Ltd has a 12 month low of $28.97 and a 12 month high of $44.79.
Tata Motors (NYSE:TTM) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.19 EPS for the quarter, missing the Thomson Reuters’ 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 for the quarter. Analysts expect that Tata Motors Ltd will post $1.84 EPS for the current year.
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Several equities analysts have weighed in on the company. Zacks Investment Research cut Tata Motors from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub cut Tata Motors from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Sanford C. Bernstein cut Tata Motors from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $45.00 to $30.00 in a research note on Friday, August 11th. Morgan Stanley cut Tata Motors from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 10th. Finally, Stifel Nicolaus upgraded Tata Motors from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $32.50.
In other news, Director Carlos Yong acquired 300,000 shares of the business’s stock in a transaction on Tuesday, June 13th. The stock was bought at an average cost 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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