Stock Traders Buy High Volume of Call Options on Tata Motors (TTM)

Tata Motors Limited (NYSE:TTM) was the target of unusually large options trading on Monday. Stock traders bought 5,724 call options on the stock. This represents an increase of approximately 1,213% compared to the typical daily volume of 436 call options.

Several equities research analysts have commented on the company. Deutsche Bank restated a “hold” rating on shares of Tata Motors in a research report on Tuesday, March 26th. Zacks Investment Research upgraded Tata Motors from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Nomura restated a “neutral” rating on shares of Tata Motors in a research report on Friday, February 8th. Bank of America lowered Tata Motors from a “buy” rating to a “neutral” rating in a research report on Friday, February 8th. Finally, ValuEngine lowered Tata Motors from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Tata Motors currently has an average rating of “Hold”.

A number of institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC purchased a new position in shares of Tata Motors during the 4th quarter worth $32,000. Westside Investment Management Inc. boosted its holdings in Tata Motors by 1,450.0% during the 4th quarter. Westside Investment Management Inc. now owns 3,100 shares of the company’s stock valued at $38,000 after acquiring an additional 2,900 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Tata Motors by 24.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,664 shares of the company’s stock valued at $117,000 after acquiring an additional 1,901 shares during the period. Baker Avenue Asset Management LP purchased a new position in Tata Motors during the 4th quarter valued at about $123,000. Finally, LPL Financial LLC purchased a new position in Tata Motors during the 3rd quarter valued at about $166,000. Institutional investors and hedge funds own 7.62% of the company’s stock.

Tata Motors stock opened at $13.85 on Tuesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.55 and a current ratio of 0.92. Tata Motors has a 12 month low of $10.29 and a 12 month high of $27.87. The company has a market capitalization of $8.53 billion, a price-to-earnings ratio of 5.89, a P/E/G ratio of -4.01 and a beta of 1.51.

Tata Motors (NYSE:TTM) last released its quarterly earnings data on Thursday, February 7th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.31). Tata Motors had a positive return on equity of 3.13% and a negative net margin of 8.55%. The company had revenue of $10.91 billion during the quarter, compared to analysts’ expectations of $11.03 billion. Sell-side analysts expect that Tata Motors will post 0.98 earnings per share for the current year.

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About Tata Motors

Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. It operates through Automotive Operations and All Other Operations segments. The company offers cars, sports vehicles, trucks, buses, and defence vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial and marine applications; aggregates, such as axles and transmissions for commercial vehicles; and factory automation equipment.

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