Oppenheimer & Co. Inc. purchased a new stake in shares of Tata Motors Limited (NYSE:TTM) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 15,574 shares of the company’s stock, valued at approximately $196,000.
A number of other hedge funds and other institutional investors have also modified their holdings of TTM. Vanguard Group Inc. raised its holdings in Tata Motors by 8.9% in the 3rd quarter. Vanguard Group Inc. now owns 371,729 shares of the company’s stock valued at $5,710,000 after buying an additional 30,483 shares during the period. Two Sigma Investments LP grew its position in Tata Motors by 214.5% in the 4th quarter. Two Sigma Investments LP now owns 454,104 shares of the company’s stock valued at $5,531,000 after acquiring an additional 309,701 shares in the last quarter. Two Sigma Advisers LP acquired a new position in Tata Motors in the 4th quarter valued at about $227,000. Hanson & Doremus Investment Management grew its position in Tata Motors by 0.9% in the 1st quarter. Hanson & Doremus Investment Management now owns 113,671 shares of the company’s stock valued at $1,428,000 after acquiring an additional 1,046 shares in the last quarter. Finally, Nomura Holdings Inc. grew its position in shares of Tata Motors by 23.1% during the fourth quarter. Nomura Holdings Inc. now owns 534,525 shares of the company’s stock worth $6,509,000 after buying an additional 100,186 shares in the last quarter. 7.62% of the stock is owned by institutional investors.
Several equities research analysts have recently commented on TTM shares. Nomura restated a “neutral” rating on shares of Tata Motors in a research note on Friday, February 8th. Zacks Investment Research lowered Tata Motors from a “hold” rating to a “sell” rating in a research note on Saturday, February 2nd. Deutsche Bank reiterated a “hold” rating on shares of Tata Motors in a report on Tuesday, March 26th. Finally, Bank of America cut Tata Motors from a “buy” rating to a “neutral” rating in a research report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Tata Motors currently has an average rating of “Hold” and a consensus price target of $17.00.
Tata Motors (NYSE:TTM) last issued its quarterly earnings data on Thursday, February 7th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.31). Tata Motors had a positive return on equity of 3.13% and a negative net margin of 8.55%. The business had revenue of $10.91 billion during the quarter, compared to the consensus estimate of $11.03 billion. As a group, equities analysts predict that Tata Motors Limited will post 0.37 EPS for the current fiscal year.
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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.
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