DnB Asset Management AS decreased its position in Tata Motors Ltd (NYSE:TTM) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 14,598 shares of the company’s stock after selling 100 shares during the period. DnB Asset Management AS’s holdings in Tata Motors were worth $482,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in TTM. Telemus Capital LLC bought a new position in Tata Motors during the first quarter worth $370,000. Fox Run Management L.L.C. raised its position in Tata Motors by 106.1% in the first quarter. Fox Run Management L.L.C. now owns 13,600 shares of the company’s stock worth $485,000 after buying an additional 7,000 shares during the period. Capstone Asset Management Co. raised its position in Tata Motors by 2.6% in the first quarter. Capstone Asset Management Co. now owns 12,384 shares of the company’s stock worth $441,000 after buying an additional 310 shares during the period. Daiwa SB Investments Ltd. raised its position in Tata Motors by 31.8% in the first quarter. Daiwa SB Investments Ltd. now owns 2,900 shares of the company’s stock worth $103,000 after buying an additional 700 shares during the period. Finally, Integrated Investment Consultants LLC bought a new position in Tata Motors during the first quarter worth $101,000. 13.79% of the stock is currently owned by institutional investors.

Tata Motors Ltd (NYSE TTM) opened at 35.19 on Tuesday. Tata Motors Ltd has a 52 week low of $31.71 and a 52 week high of $44.79. The stock has a 50 day moving average price of $35.20 and a 200 day moving average price of $35.63.

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A number of equities analysts have weighed in on the company. ValuEngine lowered Tata Motors from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Zacks Investment Research raised Tata Motors from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Saturday, May 27th. Finally, BidaskClub raised Tata Motors from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $43.50.

In other Tata Motors news, Director Carlos Yong acquired 300,000 shares of the firm’s stock in a transaction dated Tuesday, June 13th. The shares were acquired at an average price of $0.30 per share, for a total transaction of $90,000.00.

Tata Motors Company Profile

Tata Motors Limited is an automobile company. The Company is engaged in manufacture of motor vehicles. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Company’s segments include automotive operations and all other operations.

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Institutional Ownership by Quarter for Tata Motors (NYSE:TTM)

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