SG Americas Securities LLC Sells 710,883 Shares of Tata Motors Limited (NYSE:TTM)

SG Americas Securities LLC lessened its position in shares of Tata Motors Limited (NYSE:TTM) by 50.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 701,959 shares of the company’s stock after selling 710,883 shares during the period. SG Americas Securities LLC owned approximately 0.10% of Tata Motors worth $5,889,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of TTM. First Trust Advisors LP boosted its stake in shares of Tata Motors by 8.4% in the third quarter. First Trust Advisors LP now owns 556,845 shares of the company’s stock valued at $4,672,000 after buying an additional 43,163 shares during the period. Parallel Advisors LLC boosted its stake in shares of Tata Motors by 303.2% in the third quarter. Parallel Advisors LLC now owns 3,851 shares of the company’s stock valued at $32,000 after buying an additional 2,896 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Tata Motors in the third quarter valued at approximately $2,315,000. Quadrant Capital Group LLC raised its position in Tata Motors by 44.7% during the third quarter. Quadrant Capital Group LLC now owns 53,063 shares of the company’s stock valued at $444,000 after purchasing an additional 16,392 shares in the last quarter. Finally, NEXT Financial Group Inc raised its position in Tata Motors by 85.6% during the third quarter. NEXT Financial Group Inc now owns 11,277 shares of the company’s stock valued at $94,000 after purchasing an additional 5,200 shares in the last quarter. Institutional investors own 6.07% of the company’s stock.

Several research analysts have commented on TTM shares. Nomura upgraded shares of Tata Motors from a “reduce” rating to a “neutral” rating in a research report on Tuesday, October 29th. CLSA upgraded shares of Tata Motors from a “sell” rating to a “buy” rating in a research report on Monday, October 28th. ValuEngine downgraded shares of Tata Motors from a “hold” rating to a “sell” rating in a research report on Monday, July 29th. Finally, Zacks Investment Research upgraded shares of Tata Motors from a “sell” rating to a “hold” rating in a research report on Sunday, November 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $17.00.

TTM traded down $0.26 during trading on Friday, hitting $11.86. 1,172,767 shares of the stock traded hands, compared to its average volume of 1,714,669. Tata Motors Limited has a twelve month low of $7.38 and a twelve month high of $17.14. The company has a market cap of $8.12 billion, a price-to-earnings ratio of 59.30, a PEG ratio of -6.45 and a beta of 1.54. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.78 and a quick ratio of 0.50. The business has a 50 day moving average price of $9.73 and a 200 day moving average price of $10.83.

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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