Tata Motors Limited (TTM) Shares Sold by Bank of Montreal Can

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Bank of Montreal Can lessened its holdings in shares of Tata Motors Limited (NYSE:TTM) by 30.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 333,980 shares of the company’s stock after selling 143,839 shares during the quarter. Bank of Montreal Can’s holdings in Tata Motors were worth $5,130,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Signaturefd LLC increased its position in Tata Motors by 139.0% during the 2nd quarter. Signaturefd LLC now owns 5,467 shares of the company’s stock worth $107,000 after purchasing an additional 3,180 shares in the last quarter. Azimuth Capital Management LLC grew its position in Tata Motors by 2.5% in the second quarter. Azimuth Capital Management LLC now owns 145,920 shares of the company’s stock valued at $2,853,000 after acquiring an additional 3,510 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Tata Motors by 24.9% in the second quarter. Commonwealth Equity Services LLC now owns 24,509 shares of the company’s stock valued at $479,000 after acquiring an additional 4,884 shares in the last quarter. Morningstar Investment Services LLC grew its position in Tata Motors by 51.6% in the second quarter. Morningstar Investment Services LLC now owns 16,273 shares of the company’s stock valued at $318,000 after acquiring an additional 5,537 shares in the last quarter. Finally, Thomas White International Ltd. grew its position in Tata Motors by 7.1% in the second quarter. Thomas White International Ltd. now owns 138,341 shares of the company’s stock valued at $2,705,000 after acquiring an additional 9,121 shares in the last quarter. 7.63% of the stock is owned by hedge funds and other institutional investors.

Several analysts have issued reports on TTM shares. Zacks Investment Research downgraded shares of Tata Motors from a “hold” rating to a “strong sell” rating in a research report on Friday, August 3rd. Deutsche Bank downgraded shares of Tata Motors from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Finally, HSBC downgraded shares of Tata Motors from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $37.00.

Shares of NYSE:TTM opened at $12.21 on Thursday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.95 and a quick ratio of 0.66. Tata Motors Limited has a 52-week low of $11.35 and a 52-week high of $35.47. The company has a market capitalization of $7.87 billion, a price-to-earnings ratio of 5.20, a PEG ratio of 0.36 and a beta of 2.08.

Tata Motors (NYSE:TTM) last issued its quarterly earnings data on Wednesday, August 1st. The company reported ($0.42) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 analyst estimates of $10.69 billion. On average, analysts anticipate that Tata Motors Limited will post 2.62 EPS for the current fiscal year.

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

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