Tata Motors Ltd (TTM) Shares Bought by Commerzbank Aktiengesellschaft FI
Commerzbank Aktiengesellschaft FI boosted its position in shares of Tata Motors Ltd (NYSE:TTM) by 176.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,603 shares of the company’s stock after buying an additional 53,335 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Tata Motors were worth $2,760,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of Tata Motors by 189.9% in the first quarter. Wellington Management Group LLP now owns 7,271,482 shares of the company’s stock valued at $259,228,000 after purchasing an additional 4,763,259 shares during the period. Coronation Fund Managers Ltd. increased its holdings in shares of Tata Motors by 8.3% in the second quarter. Coronation Fund Managers Ltd. now owns 5,494,847 shares of the company’s stock valued at $181,385,000 after purchasing an additional 421,696 shares during the period. Cambiar Investors LLC increased its holdings in shares of Tata Motors by 5.1% in the second quarter. Cambiar Investors LLC now owns 5,392,413 shares of the company’s stock valued at $178,004,000 after purchasing an additional 261,769 shares during the period. Morgan Stanley increased its holdings in shares of Tata Motors by 65.1% in the first quarter. Morgan Stanley now owns 2,454,241 shares of the company’s stock valued at $87,494,000 after purchasing an additional 968,093 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in shares of Tata Motors by 19.2% in the first quarter. Lazard Asset Management LLC now owns 2,301,509 shares of the company’s stock valued at $82,047,000 after purchasing an additional 370,197 shares during the period. 11.90% of the stock is currently owned by institutional investors.
In other news, Director Carlos Yong purchased 300,000 shares of the stock in a transaction dated Tuesday, June 13th. The shares were bought at an average cost of $0.30 per share, for a total transaction of $90,000.00.
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Tata Motors Ltd (TTM) opened at 30.15 on Wednesday. Tata Motors Ltd has a one year low of $28.97 and a one year high of $44.79. The company’s 50-day moving average price is $32.13 and its 200-day moving average price is $34.27. The firm has a market cap of $20.48 billion, a price-to-earnings ratio of 18.61 and a beta of 2.29.
Tata Motors (NYSE:TTM) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.21. Tata Motors had a net margin of 3.38% and a return on equity of 19.45%. The firm had revenue of $9.30 billion for the quarter. On average, analysts anticipate that Tata Motors Ltd will post $1.84 EPS for the current year.
A number of research analysts have recently issued reports on the company. Stifel Nicolaus raised Tata Motors from a “hold” rating to a “buy” rating in a report on Friday, August 25th. BidaskClub lowered Tata Motors from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Sanford C. Bernstein lowered Tata Motors from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $45.00 to $30.00 in a report on Friday, August 11th. Zacks Investment Research raised Tata Motors from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Friday, August 11th. Finally, Morgan Stanley lowered Tata Motors from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.50.
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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