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.
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.
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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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