Tata Motors Target of Unusually Large Options Trading (TTM)

Tata Motors Limited (NYSE:TTM) was the recipient of some unusual options trading on Monday. Stock traders bought 2,848 put options on the company. This represents an increase of approximately 810% compared to the typical daily volume of 313 put options.

A number of research analysts have recently issued reports on the company. Nomura reissued a “neutral” rating on shares of Tata Motors in a research note on Friday, February 8th. ValuEngine downgraded Tata Motors from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. Zacks Investment Research downgraded Tata Motors from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Deutsche Bank reissued a “hold” rating on shares of Tata Motors in a research note on Tuesday, March 26th. Finally, Bank of America downgraded Tata Motors from a “buy” rating to a “neutral” rating in a research note on Friday, February 8th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The company presently has an average rating of “Hold”.

Shares of NYSE:TTM opened at $13.85 on Tuesday. The stock has a market capitalization of $8.53 billion, a PE ratio of 5.89, a price-to-earnings-growth ratio of -4.01 and a beta of 1.51. 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 1 year low of $10.29 and a 1 year high of $27.87.

Tata Motors (NYSE:TTM) last announced its quarterly earnings data on Thursday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.31). The business had revenue of $10.91 billion during the quarter, compared to analyst estimates of $11.03 billion. Tata Motors had a negative net margin of 8.55% and a positive return on equity of 3.13%. On average, equities research analysts forecast that Tata Motors will post 0.98 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of TTM. Lindbrook Capital LLC acquired a new position in Tata Motors during the 4th quarter worth approximately $32,000. Westside Investment Management Inc. raised its stake 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 worth $38,000 after buying an additional 2,900 shares during the period. PNC Financial Services Group Inc. raised its stake 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 worth $117,000 after buying an additional 1,901 shares during the period. Baker Avenue Asset Management LP acquired a new position in Tata Motors during the 4th quarter worth approximately $123,000. Finally, LPL Financial LLC acquired a new position in Tata Motors during the 3rd quarter worth approximately $166,000. 7.62% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://sportsperspectives.com/2019/04/02/tata-motors-target-of-unusually-large-options-trading-ttm.html.

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.

Recommended Story: Options Trading – What is a Straddle?

Receive News & Ratings for Tata Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tata Motors and related companies with MarketBeat.com's FREE daily email newsletter.