ClariVest Asset Management LLC Acquires 15,200 Shares of Tata Motors Ltd. (TTM)
ClariVest Asset Management LLC increased its position in shares of Tata Motors Ltd. (NYSE:TTM) by 3.4% during the second quarter, Holdings Channel reports. The institutional investor owned 461,953 shares of the company’s stock after buying an additional 15,200 shares during the period. ClariVest Asset Management LLC’s holdings in Tata Motors were worth $16,016,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Orbis Allan Gray Ltd bought a new position in Tata Motors during the first quarter worth approximately $207,000. Creative Planning increased its position in Tata Motors by 35.6% in the second quarter. Creative Planning now owns 6,120 shares of the company’s stock worth $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 worth approximately $304,000. James Investment Research Inc. increased 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 worth $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 worth approximately $413,000. 12.18% of the stock is owned by institutional investors.
Tata Motors Ltd. (NYSE:TTM) traded down 1.40% during trading on Thursday, reaching $41.50. The company’s stock had a trading volume of 591,138 shares. The stock’s 50-day moving average is $40.66 and its 200 day moving average is $34.80. The firm has a market capitalization of $28.18 billion, a price-to-earnings ratio of 23.31 and a beta of 2.90. Tata Motors Ltd. has a 52-week low of $20.00 and a 52-week high of $44.79.
A number of research analysts have recently commented on TTM shares. Zacks Investment Research raised shares of Tata Motors from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Sanford C. Bernstein downgraded shares of Tata Motors from an “outperform” rating to a “market perform” rating in a research report on Friday, September 9th. Finally, Credit Suisse Group AG downgraded shares of Tata Motors from an “outperform” rating to a “neutral” rating in a research report on Monday, June 27th. Four 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 stock. Tata Motors presently has a consensus rating of “Buy” and an average 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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