Crossmark Global Holdings Inc. Acquires 2,653 Shares of Tata Motors Limited (NYSE:TTM)

Crossmark Global Holdings Inc. increased its holdings in shares of Tata Motors Limited (NYSE:TTMGet Rating) by 14.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,239 shares of the company’s stock after purchasing an additional 2,653 shares during the period. Crossmark Global Holdings Inc.’s holdings in Tata Motors were worth $515,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TTM. Captrust Financial Advisors boosted its stake in shares of Tata Motors by 87.4% during the second quarter. Captrust Financial Advisors now owns 1,312 shares of the company’s stock valued at $34,000 after purchasing an additional 612 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of Tata Motors by 129.2% during the second quarter. Quantbot Technologies LP now owns 1,788 shares of the company’s stock valued at $46,000 after purchasing an additional 1,008 shares in the last quarter. Glassman Wealth Services boosted its stake in shares of Tata Motors by 50.0% during the second quarter. Glassman Wealth Services now owns 1,960 shares of the company’s stock valued at $51,000 after purchasing an additional 653 shares in the last quarter. Ronald Blue Trust Inc. bought a new position in shares of Tata Motors during the second quarter valued at approximately $57,000. Finally, Wipfli Financial Advisors LLC bought a new position in shares of Tata Motors during the third quarter valued at approximately $99,000. 3.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Bank of America raised shares of Tata Motors from a “neutral” rating to a “buy” rating in a research report on Monday, January 9th. StockNews.com raised shares of Tata Motors from a “hold” rating to a “buy” rating in a research report on Tuesday, November 15th. JPMorgan Chase & Co. cut shares of Tata Motors from an “overweight” rating to a “neutral” rating in a research report on Monday, October 10th. Finally, The Goldman Sachs Group assumed coverage on shares of Tata Motors in a research report on Thursday, October 6th. They set a “neutral” rating for the company.

Tata Motors Trading Up 2.3 %

NYSE TTM opened at $24.88 on Monday. The company has a fifty day simple moving average of $24.84 and a two-hundred day simple moving average of $26.31. Tata Motors Limited has a 12-month low of $22.06 and a 12-month high of $34.50. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 3.05.

Tata Motors (NYSE:TTMGet Rating) last posted its quarterly earnings results on Thursday, November 10th. The company reported ($0.15) earnings per share (EPS) for the quarter. The company had revenue of $9.99 billion during the quarter. Tata Motors had a negative return on equity of 45.47% and a negative net margin of 2.78%. On average, equities research analysts expect that Tata Motors Limited will post -0.19 earnings per share for the current year.

About Tata Motors

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Tata Motors Limited designs, develops, manufactures, and sells various automotive vehicles. The company offers passenger cars; sports utility vehicles; intermediate and light commercial vehicles; small, medium, and heavy commercial vehicles; defense vehicles; pickups, wingers, buses, and trucks; and electric vehicles, as well as related spare parts and accessories.

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

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