Tata Motors Ltd. (TTM) Shares Gap Down to $35.38
Shares of Tata Motors Ltd. (NYSE:TTM) gapped down before the market opened on Monday . The stock had previously closed at $34.89, but opened at $35.38. Tata Motors shares last traded at $36.32, with a volume of 946,646 shares traded.
TTM has been the topic of several analyst reports. Zacks Investment Research lowered shares of Tata Motors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 18th. Credit Suisse Group AG lowered shares of Tata Motors from an “outperform” rating to a “neutral” rating in a research report on Monday, June 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $33.49.
The firm’s 50-day moving average is $33.76 and its 200 day moving average is $28.67.
The business also recently disclosed an annual dividend, which will be paid on Monday, July 18th. Stockholders of record on Monday, July 18th will be paid a dividend of $0.012 per share. The ex-dividend date of this dividend is Thursday, July 14th.
Other hedge funds recently added to or reduced their stakes in the company. Camelot Portfolios LLC raised its stake in 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 during the period. Sei Investments Co. raised its stake in 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 during the period. Wells Fargo & Company MN raised its stake in Tata Motors by 11.6% in the fourth quarter. Wells Fargo & Company MN now owns 360,263 shares of the company’s stock worth $10,616,000 after buying an additional 37,379 shares during the period. Renaissance Group LLC raised its stake in 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 during the period. Finally, Russell Frank Co raised its stake in Tata Motors by 19.2% in the fourth quarter. Russell Frank Co now owns 551,770 shares of the company’s stock worth $16,227,000 after buying an additional 88,897 shares during the period.
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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