Signaturefd LLC increased its stake in shares of Tata Motors Limited (NYSE:TTM) by 139.0% during the 2nd quarter, HoldingsChannel reports. The fund owned 5,467 shares of the company’s stock after purchasing an additional 3,180 shares during the period. Signaturefd LLC’s holdings in Tata Motors were worth $107,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. acquired a new position in Tata Motors during the 2nd quarter worth approximately $5,918,000. Dimensional Fund Advisors LP increased its holdings in Tata Motors by 1.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 603,789 shares of the company’s stock worth $15,517,000 after purchasing an additional 11,170 shares during the last quarter. Hanson & Doremus Investment Management increased its holdings in Tata Motors by 102.3% during the 2nd quarter. Hanson & Doremus Investment Management now owns 74,539 shares of the company’s stock worth $1,457,000 after purchasing an additional 37,695 shares during the last quarter. Prudential Financial Inc. increased its holdings in Tata Motors by 18.5% during the 1st quarter. Prudential Financial Inc. now owns 444,700 shares of the company’s stock worth $11,429,000 after purchasing an additional 69,500 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Tata Motors by 41.9% during the 2nd quarter. First Trust Advisors LP now owns 961,780 shares of the company’s stock worth $18,803,000 after purchasing an additional 284,124 shares during the last quarter. 7.90% of the stock is currently owned by hedge funds and other institutional investors.

TTM stock opened at $18.04 on Monday. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 0.67. Tata Motors Limited has a 52-week low of $16.86 and a 52-week high of $35.47. The company has a market cap of $12.44 billion, a price-to-earnings ratio of 7.68, a price-to-earnings-growth ratio of 0.55 and a beta of 2.12.

Tata Motors (NYSE:TTM) last issued its quarterly earnings results on Wednesday, August 1st. The company reported ($0.42) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.85). Tata Motors had a net margin of 1.32% and a return on equity of 12.39%. The firm had revenue of $10.06 billion during the quarter, compared to the consensus estimate of $10.69 billion. equities analysts forecast that Tata Motors Limited will post 2.62 EPS for the current fiscal year.

Several equities research analysts have issued reports on TTM shares. Zacks Investment Research downgraded Tata Motors from a “hold” rating to a “strong sell” rating in a report on Friday, August 3rd. JPMorgan Chase & Co. downgraded Tata Motors from an “overweight” rating to a “neutral” rating in a report on Wednesday, May 23rd. BNP Paribas downgraded Tata Motors from a “hold” rating to a “reduce” rating in a report on Tuesday, June 26th. Finally, ValuEngine downgraded Tata Motors from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $37.00.

Tata Motors Company Profile

Tata Motors Limited designs, manufactures, and sells a range of automotive vehicles. It operates through Automotive Operations and All Other Operations segments. The company offers cars, sports vehicles, trucks, buses, and defence vehicles, as well as related spare parts and accessories. It also manufactures engines for industrial and marine applications; aggregates, such as axles and transmissions for commercial vehicles; and factory automation equipment.

Featured Story: How to calculate the intrinsic value of a stock

Want to see what other hedge funds are holding TTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tata Motors Limited (NYSE:TTM).

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

Receive News & Ratings for Tata Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tata Motors and related companies with MarketBeat.com's FREE daily email newsletter.