NEXT Financial Group Inc Boosts Stock Holdings in Tata Motors Limited (NYSE:TTM)

NEXT Financial Group Inc raised its holdings in shares of Tata Motors Limited (NYSE:TTM) by 2,093.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,077 shares of the company’s stock after buying an additional 5,800 shares during the period. NEXT Financial Group Inc’s holdings in Tata Motors were worth $71,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Exane Derivatives boosted its position in Tata Motors by 92.2% during the second quarter. Exane Derivatives now owns 212,655 shares of the company’s stock valued at $2,483,000 after buying an additional 102,005 shares during the period. Nordea Investment Management AB raised its stake in shares of Tata Motors by 28.5% during the first quarter. Nordea Investment Management AB now owns 10,092 shares of the company’s stock valued at $127,000 after acquiring an additional 2,237 shares during the last quarter. Evergreen Capital Management LLC bought a new position in shares of Tata Motors during the first quarter valued at about $158,000. NumerixS Investment Technologies Inc bought a new position in shares of Tata Motors during the first quarter valued at about $164,000. Finally, River & Mercantile Asset Management LLP bought a new position in shares of Tata Motors during the first quarter valued at about $699,000. Institutional investors and hedge funds own 6.91% of the company’s stock.

TTM has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Tata Motors from a “buy” rating to a “strong sell” rating in a research note on Tuesday, July 23rd. ValuEngine downgraded shares of Tata Motors from a “hold” rating to a “sell” rating in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Tata Motors has an average rating of “Hold” and an average price target of $17.00.

Shares of NYSE:TTM opened at $8.56 on Friday. The company has a market capitalization of $5.66 billion, a P/E ratio of 42.80, a price-to-earnings-growth ratio of -2.69 and a beta of 1.54. The company’s 50-day moving average price is $10.88. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 1.27. Tata Motors Limited has a 12 month low of $8.13 and a 12 month high of $19.21.

Tata Motors (NYSE:TTM) last released its quarterly earnings results on Monday, May 20th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.07. Tata Motors had a negative net margin of 10.13% and a negative return on equity of 4.54%. The company had revenue of $12.38 billion during the quarter, compared to the consensus estimate of $12.20 billion. As a group, equities research analysts expect that Tata Motors Limited will post 0.97 earnings per share for the current fiscal year.

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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