Tata Motors Ltd. (TTM) Position Held by Henderson Group PLC
Henderson Group PLC continued to hold its position in Tata Motors Ltd. (NYSE:TTM) during the second quarter, Holdings Channel reports. The firm owned 161,421 shares of the company’s stock at the end of the second quarter. Henderson Group PLC’s holdings in Tata Motors were worth $5,597,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of TTM. Orbis Allan Gray Ltd purchased a new position in Tata Motors during the first quarter valued at about $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 during the last quarter. 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 during the last quarter. Fox Run Management L.L.C. bought a new position in Tata Motors during the second quarter valued at $413,000. Finally, NINE MASTS CAPITAL Ltd bought a new position in Tata Motors during the first quarter valued at $484,000. Institutional investors and hedge funds own 12.18% of the company’s stock.
Tata Motors Ltd. (NYSE:TTM) traded up 0.74% during midday trading on Tuesday, hitting $41.06. The stock had a trading volume of 891,104 shares. The company’s 50 day moving average price is $41.41 and its 200-day moving average price is $35.56. Tata Motors Ltd. has a 52 week low of $20.00 and a 52 week high of $44.79. The stock has a market capitalization of $27.89 billion, a price-to-earnings ratio of 23.20 and a beta of 2.90.
Several equities analysts have weighed in on the company. Zacks Investment Research raised Tata Motors from a “hold” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a research note on Thursday, September 1st. Credit Suisse Group AG lowered Tata Motors from an “outperform” rating to a “neutral” rating in a research note on Monday, June 27th. Finally, Sanford C. Bernstein lowered Tata Motors from an “outperform” rating to a “market perform” rating in a research note on Friday, September 9th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $37.99.
About Tata Motors
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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