Tata Motors (TTM) Shares Down 5.8%

Tata Motors Limited (NYSE:TTM) shares were down 5.8% during mid-day trading on Monday . The stock traded as low as $12.68 and last traded at $12.74. Approximately 1,397,600 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 1,652,198 shares. The stock had previously closed at $13.52.

Several research analysts recently issued reports on TTM shares. Zacks Investment Research upgraded shares of Tata Motors from a “sell” rating to a “hold” rating in a research report on Saturday, January 26th. Nomura reiterated a “neutral” rating on shares of Tata Motors in a report on Friday, February 8th. Deutsche Bank reiterated a “hold” rating on shares of Tata Motors in a report on Tuesday, March 26th. Finally, Bank of America lowered shares of Tata Motors from a “buy” rating to a “neutral” rating in a report on Friday, February 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.00.

The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.55 and a current ratio of 0.92. The firm has a market capitalization of $8.65 billion, a PE ratio of 5.37, a P/E/G ratio of -2.77 and a beta of 1.61.

A number of hedge funds have recently modified their holdings of TTM. Hsbc Holdings PLC raised its position in shares of Tata Motors by 251.0% during the 4th quarter. Hsbc Holdings PLC now owns 8,170,358 shares of the company’s stock valued at $99,516,000 after purchasing an additional 5,842,788 shares during the period. LMR Partners LLP purchased a new position in shares of Tata Motors during the 4th quarter worth about $45,987,000. Renaissance Technologies LLC boosted its position in Tata Motors by 20.3% in the 1st quarter. Renaissance Technologies LLC now owns 4,924,900 shares of the company’s stock valued at $61,857,000 after buying an additional 829,800 shares during the period. NINE MASTS CAPITAL Ltd boosted its position in Tata Motors by 715.3% in the 4th quarter. NINE MASTS CAPITAL Ltd now owns 679,990 shares of the company’s stock valued at $8,282,000 after buying an additional 596,590 shares during the period. Finally, Two Sigma Investments LP boosted its position in Tata Motors by 214.5% in the 4th quarter. Two Sigma Investments LP now owns 454,104 shares of the company’s stock valued at $5,531,000 after buying an additional 309,701 shares during the period. Institutional investors own 7.51% of the company’s stock.

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Tata Motors Company Profile (NYSE:TTM)

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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