Strs Ohio continued to hold its stake in shares of Tata Motors Ltd. (NYSE:TTM) during the second quarter, according to its most recent filing with the SEC. The fund owned 280,000 shares of the company’s stock at the end of the second quarter. Strs Ohio’s holdings in Tata Motors were worth $9,707,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of TTM. Orbis Allan Gray Ltd bought a new position in Tata Motors during the first quarter valued at approximately $207,000. Creative Planning raised its position in Tata Motors by 35.6% in the second quarter. Creative Planning now owns 6,120 shares of the company’s stock valued at $212,000 after buying an additional 1,608 shares in the last quarter. Royal Bank of Scotland Group PLC bought a new position in Tata Motors during the first quarter valued at approximately $304,000. James Investment Research Inc. raised its position in Tata Motors by 253.1% in the second quarter. James Investment Research Inc. now owns 11,300 shares of the company’s stock valued at $392,000 after buying an additional 8,100 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Tata Motors during the second quarter valued at approximately $413,000. 12.18% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tata Motors Ltd. (NYSE:TTM) traded up 1.68% on Friday, hitting $39.98. The company’s stock had a trading volume of 1,196,741 shares. The firm has a market cap of $27.15 billion, a price-to-earnings ratio of 22.52 and a beta of 2.73. Tata Motors Ltd. has a one year low of $20.00 and a one year high of $44.79. The stock has a 50-day moving average price of $40.43 and a 200 day moving average price of $34.44.
Several research analysts recently commented on TTM shares. Sanford C. Bernstein lowered Tata Motors from an “outperform” rating to a “market perform” rating in a research report on Friday, September 9th. Credit Suisse Group AG lowered Tata Motors from an “outperform” rating to a “neutral” rating in a research report on Monday, June 27th. Finally, Zacks Investment Research upgraded Tata Motors from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 13th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $37.99.
Tata Motors Company Profile
Tata Motors Limited is an automobile company. The Company is engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. Its operating segments include automotive operations and all other operations.
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