QS Investors LLC held its stake in Tata Motors Ltd (NYSE:TTM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,123 shares of the company’s stock at the close of the second quarter. QS Investors LLC’s holdings in Tata Motors were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TTM. PNC Financial Services Group Inc. raised its stake in shares of Tata Motors by 439.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,406 shares of the company’s stock worth $194,000 after buying an additional 4,404 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of Tata Motors during the 1st quarter worth approximately $209,000. MML Investors Services LLC raised its stake in shares of Tata Motors by 7.3% during the 2nd quarter. MML Investors Services LLC now owns 6,460 shares of the company’s stock worth $213,000 after buying an additional 441 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Tata Motors by 8.1% during the 2nd quarter. Advisor Group Inc. now owns 7,254 shares of the company’s stock worth $214,000 after buying an additional 542 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Tata Motors during the 2nd quarter worth approximately $226,000. 11.89% of the stock is owned by institutional investors and hedge funds.

Shares of Tata Motors Ltd (NYSE TTM) opened at 32.75 on Friday. The company has a 50 day moving average price of $31.55 and a 200-day moving average price of $33.43. The firm has a market cap of $22.24 billion, a PE ratio of 20.15 and a beta of 2.23. Tata Motors Ltd has a 12-month low of $28.97 and a 12-month high of $41.54.

Tata Motors (NYSE:TTM) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.21). Tata Motors had a return on equity of 19.45% and a net margin of 3.38%. The business had revenue of $9.30 billion for the quarter. Analysts expect that Tata Motors Ltd will post $1.84 EPS for the current year.

A number of brokerages have recently issued reports on TTM. Stifel Nicolaus raised Tata Motors from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research raised Tata Motors from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Friday, August 11th. Sanford C. Bernstein downgraded Tata Motors from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $45.00 to $30.00 in a research note on Friday, August 11th. BidaskClub downgraded Tata Motors from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Finally, Morgan Stanley downgraded Tata Motors from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.50.

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Tata Motors 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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