Morgan Stanley Has $84.61 Million Holdings in Tata Motors Limited (TTM)

Morgan Stanley raised its position in shares of Tata Motors Limited (NYSE:TTM) by 6.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,327,916 shares of the company’s stock after buying an additional 274,870 shares during the quarter. Morgan Stanley owned 0.64% of Tata Motors worth $84,611,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Renaissance Technologies LLC increased its holdings in shares of Tata Motors by 24.5% in the 2nd quarter. Renaissance Technologies LLC now owns 4,148,700 shares of the company’s stock valued at $81,107,000 after purchasing an additional 817,000 shares during the period. BlackRock Inc. increased its holdings in shares of Tata Motors by 16.6% in the 1st quarter. BlackRock Inc. now owns 3,966,599 shares of the company’s stock valued at $101,941,000 after purchasing an additional 564,793 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Tata Motors by 3.8% in the 1st quarter. Hsbc Holdings PLC now owns 1,734,321 shares of the company’s stock valued at $44,571,000 after purchasing an additional 64,242 shares during the period. Millennium Management LLC increased its holdings in shares of Tata Motors by 503.4% in the 1st quarter. Millennium Management LLC now owns 1,308,312 shares of the company’s stock valued at $33,624,000 after purchasing an additional 1,091,497 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of Tata Motors by 41.9% in the 2nd quarter. First Trust Advisors LP now owns 961,780 shares of the company’s stock valued at $18,803,000 after purchasing an additional 284,124 shares during the period. 7.90% of the stock is owned by institutional investors.

NYSE:TTM opened at $17.14 on Monday. Tata Motors Limited has a 52 week low of $16.86 and a 52 week high of $35.47. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.66 and a current ratio of 0.95. The company has a market capitalization of $11.64 billion, a P/E ratio of 7.29, a PEG ratio of 0.51 and a beta of 2.12.

Tata Motors (NYSE:TTM) last announced its quarterly earnings results on Wednesday, August 1st. The company reported ($0.42) EPS for the quarter, missing the 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 company had revenue of $10.06 billion for the quarter, compared to analyst estimates of $10.69 billion. sell-side analysts anticipate that Tata Motors Limited will post 2.62 EPS for the current year.

A number of equities analysts recently commented on the company. ValuEngine downgraded Tata Motors from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. BNP Paribas downgraded Tata Motors from a “hold” rating to a “reduce” rating in a report on Tuesday, June 26th. Finally, Zacks Investment Research downgraded Tata Motors from a “hold” rating to a “strong sell” rating in a report on Friday, August 3rd. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $37.00.

About Tata Motors

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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