Tata Motors Limited (TTM) Position Cut by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its holdings in shares of Tata Motors Limited (NYSE:TTM) by 38.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,455 shares of the company’s stock after selling 58,701 shares during the quarter. Russell Investments Group Ltd.’s holdings in Tata Motors were worth $1,472,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Morgan Stanley boosted its holdings in Tata Motors by 6.8% during the 2nd quarter. Morgan Stanley now owns 4,327,916 shares of the company’s stock valued at $84,611,000 after acquiring an additional 274,870 shares during the period. Renaissance Technologies LLC boosted its holdings in Tata Motors by 24.5% during the 2nd quarter. Renaissance Technologies LLC now owns 4,148,700 shares of the company’s stock valued at $81,107,000 after acquiring an additional 817,000 shares during the period. First Trust Advisors LP boosted its holdings in Tata Motors by 41.9% during the 2nd quarter. First Trust Advisors LP now owns 961,780 shares of the company’s stock valued at $18,803,000 after acquiring an additional 284,124 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Tata Motors by 8.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 655,074 shares of the company’s stock valued at $12,794,000 after acquiring an additional 51,285 shares during the period. Finally, ClariVest Asset Management LLC boosted its holdings in Tata Motors by 13.6% during the 2nd quarter. ClariVest Asset Management LLC now owns 607,753 shares of the company’s stock valued at $11,880,000 after acquiring an additional 72,600 shares during the period. Institutional investors own 7.48% of the company’s stock.

Shares of NYSE TTM opened at $11.26 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.55. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 27.95, a PEG ratio of 0.72 and a beta of 2.05. Tata Motors Limited has a twelve month low of $11.19 and a twelve month high of $34.40.

Tata Motors (NYSE:TTM) last issued its earnings results on Wednesday, October 31st. The company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.54). The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $9.86 billion. Tata Motors had a net margin of 0.18% and a return on equity of 4.08%. Research analysts expect that Tata Motors Limited will post 1.24 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on TTM shares. Deutsche Bank cut Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. HSBC cut Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. ValuEngine upgraded Tata Motors from a “hold” rating to a “buy” rating in a report on Tuesday, November 13th. Finally, Zacks Investment Research cut Tata Motors from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $37.00.

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Tata Motors Company Profile

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

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