Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Boosts Stake in Tata Motors Limited (NYSE:TTM)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Tata Motors Limited (NYSE:TTMGet Rating) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,182 shares of the company’s stock after buying an additional 405 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Tata Motors were worth $441,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in shares of Tata Motors by 58.6% during the second quarter. Goldman Sachs Group Inc. now owns 3,089,880 shares of the company’s stock worth $79,935,000 after purchasing an additional 1,141,575 shares during the last quarter. BlackRock Inc. lifted its position in shares of Tata Motors by 7.0% during the first quarter. BlackRock Inc. now owns 2,214,130 shares of the company’s stock worth $61,884,000 after purchasing an additional 144,237 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Tata Motors by 10.9% during the first quarter. Dimensional Fund Advisors LP now owns 865,111 shares of the company’s stock worth $24,186,000 after purchasing an additional 84,963 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Tata Motors by 1.0% during the third quarter. SG Americas Securities LLC now owns 497,600 shares of the company’s stock worth $12,072,000 after purchasing an additional 5,077 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Tata Motors by 82.7% during the second quarter. Renaissance Technologies LLC now owns 389,700 shares of the company’s stock worth $10,082,000 after purchasing an additional 176,400 shares during the last quarter. 3.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have 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 upgraded shares of Tata Motors from a “hold” rating to a “buy” rating in a research note on Tuesday, November 15th. JPMorgan Chase & Co. lowered shares of Tata Motors from an “overweight” rating to a “neutral” rating in a research note on Monday, October 10th. Finally, The Goldman Sachs Group initiated coverage on shares of Tata Motors in a research note on Thursday, October 6th. They set a “neutral” rating on the stock.

Tata Motors Price Performance

TTM opened at $24.88 on Monday. The firm has a market cap of $19.05 billion, a price-to-earnings ratio of -17.28 and a beta of 1.71. Tata Motors Limited has a fifty-two week low of $22.06 and a fifty-two week high of $34.50. The company’s 50-day moving average price is $24.84 and its 200 day moving average price is $26.31. 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 announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.15) EPS for the quarter. Tata Motors had a negative net margin of 2.78% and a negative return on equity of 45.47%. The firm had revenue of $9.99 billion during the quarter. As a group, sell-side analysts expect that Tata Motors Limited will post -0.19 earnings per share for the current year.

Tata Motors Profile

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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.

See Also

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

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