Trade Report: The Tower Research Capital LLC TRC Acquires 4,286 Shares of Tata Motors Ltd. (TTM)

The Tower Research Capital LLC TRC Acquires 4,286 Shares of Tata Motors Ltd. (TTM)

Tower Research Capital LLC TRC raised its stake in shares of Tata Motors Ltd. (NYSE:TTM) by 4,286.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,386 shares of the company’s stock after buying an additional 4,286 shares during the period. Tower Research Capital LLC TRC’s holdings in Tata Motors were worth $152,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in Tata Motors by 1.5% in the second quarter. PNC Financial Services Group Inc. now owns 3,715 shares of the company’s stock valued at $129,000 after buying an additional 54 shares in the last quarter. Glenmede Trust Co. NA raised its stake in Tata Motors by 12.8% in the second quarter. Glenmede Trust Co. NA now owns 4,175 shares of the company’s stock valued at $144,000 after buying an additional 474 shares in the last quarter. Orbis Allan Gray Ltd acquired a new stake in Tata Motors during the first quarter valued at approximately $207,000. Creative Planning raised its stake in Tata Motors by 35.6% in the second quarter. Creative Planning now owns 6,120 shares of the company’s stock valued at $212,000 after buying an additional 1,608 shares in the last quarter. Finally, Carnegie Capital Asset Management LLC acquired a new stake in Tata Motors during the second quarter valued at approximately $214,000. 12.18% of the stock is owned by institutional investors and hedge funds.

Tata Motors Ltd. (NYSE:TTM) opened at 42.18 on Friday. Tata Motors Ltd. has a 1-year low of $20.00 and a 1-year high of $44.79. The firm has a 50-day moving average of $40.84 and a 200 day moving average of $34.95. The firm has a market cap of $28.65 billion, a price-to-earnings ratio of 23.83 and a beta of 2.90.

Several analysts recently commented on the stock. Zacks Investment Research raised shares of Tata Motors from a “hold” rating to a “strong-buy” rating and set a $47.00 target price for the company in a research note on Thursday, September 1st. Credit Suisse Group AG lowered shares of Tata Motors from an “outperform” rating to a “neutral” rating in a report on Monday, June 27th. Finally, Sanford C. Bernstein lowered shares of Tata Motors from an “outperform” rating to a “market perform” rating in a report on Friday, September 9th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Tata Motors currently has an average rating of “Buy” and a consensus target price of $37.99.

About Tata Motors

Tata Motors Limited is an automobile company. The Company is engaged in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. Its operating segments include automotive operations and all other operations.

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