ETRADE Capital Management LLC increased its holdings in shares of Tata Motors Ltd (NYSE:TTM) by 35.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,694 shares of the company’s stock after purchasing an additional 7,315 shares during the period. ETRADE Capital Management LLC’s holdings in Tata Motors were worth $866,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. First Allied Advisory Services Inc. grew its position in Tata Motors by 0.3% during the second quarter. First Allied Advisory Services Inc. now owns 14,073 shares of the company’s stock valued at $461,000 after buying an additional 47 shares during the period. Financial Counselors Inc. grew its position in Tata Motors by 1.9% during the second quarter. Financial Counselors Inc. now owns 10,372 shares of the company’s stock valued at $342,000 after buying an additional 193 shares during the period. Wrapmanager Inc. grew its position in Tata Motors by 2.4% during the second quarter. Wrapmanager Inc. now owns 9,440 shares of the company’s stock valued at $312,000 after buying an additional 218 shares during the period. Telemus Capital LLC grew its position in Tata Motors by 2.9% during the second quarter. Telemus Capital LLC now owns 10,670 shares of the company’s stock valued at $352,000 after buying an additional 305 shares during the period. Finally, Nomura Holdings Inc. grew its position in Tata Motors by 0.5% during the second quarter. Nomura Holdings Inc. now owns 63,129 shares of the company’s stock valued at $2,084,000 after buying an additional 314 shares during the period. 10.93% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently commented on TTM shares. Stifel Nicolaus upgraded shares of Tata Motors from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded shares of Tata Motors from a “sell” rating to a “buy” rating and set a $36.00 price target on the stock in a research report on Saturday, November 18th. Morgan Stanley lowered shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 10th. Sanford C. Bernstein lowered shares of Tata Motors from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $45.00 to $30.00 in a research report on Friday, August 11th. Finally, BidaskClub lowered shares of Tata Motors from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $33.00.

Shares of Tata Motors Ltd (TTM) traded down $0.42 during midday trading on Friday, hitting $30.77. 963,432 shares of the stock traded hands, compared to its average volume of 1,316,685. Tata Motors Ltd has a 1-year low of $28.97 and a 1-year high of $40.34. The firm has a market capitalization of $21,861.39, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 0.24 and a beta of 2.23. The company has a current ratio of 0.98, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79.

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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.

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

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