Creative Planning lifted its holdings in Tata Motors Limited (NYSE:TTM) by 85.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 69,528 shares of the company’s stock after purchasing an additional 32,000 shares during the period. Creative Planning’s holdings in Tata Motors were worth $328,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vident Investment Advisory LLC purchased a new stake in shares of Tata Motors in the 4th quarter worth approximately $217,000. Cornerstone Advisors Inc. lifted its position in Tata Motors by 49.1% during the fourth quarter. Cornerstone Advisors Inc. now owns 4,634 shares of the company’s stock valued at $60,000 after acquiring an additional 1,525 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in Tata Motors during the fourth quarter valued at approximately $910,000. Capital World Investors purchased a new stake in Tata Motors during the fourth quarter valued at approximately $350,000. Finally, Camelot Portfolios LLC lifted its position in Tata Motors by 50.1% during the first quarter. Camelot Portfolios LLC now owns 214,822 shares of the company’s stock valued at $1,014,000 after acquiring an additional 71,735 shares during the last quarter. 6.25% of the stock is owned by hedge funds and other institutional investors.
TTM has been the subject of a number of analyst reports. UBS Group raised shares of Tata Motors from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th. ValuEngine lowered shares of Tata Motors from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 1st. CLSA lowered shares of Tata Motors from a “buy” rating to an “underperform” rating in a research note on Monday, May 11th. Finally, Zacks Investment Research lowered shares of Tata Motors from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Tata Motors currently has an average rating of “Hold” and a consensus price target of $14.00.
NYSE:TTM opened at $5.58 on Tuesday. The firm has a market capitalization of $3.39 billion, a P/E ratio of -23.25 and a beta of 2.16. Tata Motors Limited has a 1-year low of $3.92 and a 1-year high of $14.03. The company’s fifty day moving average price is $5.06 and its 200-day moving average price is $9.59. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.78 and a quick ratio of 0.50.
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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