Tata Motors Ltd. (NYSE:TTM) shares gapped up before the market opened on Friday . The stock had previously closed at $34.13, but opened at $34.56. Tata Motors shares last traded at $35.27, with a volume of 723,177 shares traded.

TTM has been the subject of a number of recent research reports. Zacks Investment Research downgraded Tata Motors from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 18th. Credit Suisse Group AG downgraded Tata Motors from an “outperform” rating to a “neutral” rating in a research note on Monday, June 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $33.49.

The stock has a 50-day moving average price of $33.54 and a 200 day moving average price of $28.62.

The firm also recently announced an annual dividend, which will be paid on Monday, July 18th. Investors of record on Monday, July 18th will be paid a dividend of $0.012 per share. The ex-dividend date is Thursday, July 14th.

Other hedge funds have recently made changes to their positions in the company. Sei Investments Co. increased its stake in shares of Tata Motors by 4.6% in the fourth quarter. Sei Investments Co. now owns 108,245 shares of the company’s stock worth $3,190,000 after buying an additional 4,757 shares in the last quarter. Camelot Portfolios LLC increased its stake in shares of Tata Motors by 2.1% in the fourth quarter. Camelot Portfolios LLC now owns 41,559 shares of the company’s stock worth $1,225,000 after buying an additional 849 shares in the last quarter. OppenheimerFunds Inc. purchased a new stake in shares of Tata Motors during the fourth quarter worth approximately $21,478,000. Renaissance Group LLC increased its stake in shares of Tata Motors by 6.2% in the fourth quarter. Renaissance Group LLC now owns 411,782 shares of the company’s stock worth $12,135,000 after buying an additional 24,122 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Tata Motors by 71.1% in the fourth quarter. First Trust Advisors LP now owns 560,784 shares of the company’s stock worth $16,526,000 after buying an additional 233,052 shares in the last quarter.

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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