Cambiar Investors LLC raised its position in shares of Tata Motors Ltd (NYSE:TTM) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,392,413 shares of the company’s stock after buying an additional 261,769 shares during the period. Tata Motors comprises approximately 2.8% of Cambiar Investors LLC’s investment portfolio, making the stock its 10th largest position. Cambiar Investors LLC’s holdings in Tata Motors were worth $178,004,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Integrated Investment Consultants LLC acquired a new position in Tata Motors during the first quarter worth approximately $101,000. Daiwa SB Investments Ltd. raised its position in Tata Motors by 31.8% in the first quarter. Daiwa SB Investments Ltd. now owns 2,900 shares of the company’s stock worth $103,000 after buying an additional 700 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Tata Motors by 439.5% in the first quarter. PNC Financial Services Group Inc. now owns 5,406 shares of the company’s stock worth $194,000 after buying an additional 4,404 shares in the last quarter. Stifel Financial Corp acquired a new position in Tata Motors during the first quarter worth approximately $209,000. Finally, BB&T Corp acquired a new position in Tata Motors during the first quarter worth approximately $209,000. Institutional investors own 13.27% of the company’s stock.
Shares of Tata Motors Ltd (NYSE:TTM) traded up 0.03% on Friday, reaching $29.40. 1,980,257 shares of the company’s stock traded hands. Tata Motors Ltd has a 52 week low of $29.20 and a 52 week high of $44.79. The firm has a market capitalization of $19.97 billion, a price-to-earnings ratio of 18.09 and a beta of 2.26. The company has a 50 day moving average price of $34.15 and a 200 day moving average price of $35.25.
Tata Motors (NYSE:TTM) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.21. The company had revenue of $9.30 billion for the quarter. Tata Motors had a return on equity of 19.45% and a net margin of 3.38%. On average, equities research analysts predict that Tata Motors Ltd will post $1.84 earnings per share for the current fiscal year.
A number of research firms have commented on TTM. Zacks Investment Research lowered shares of Tata Motors from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub lowered shares of Tata Motors from a “sell” rating to a “strong sell” rating in a research note on Saturday. Sanford C. Bernstein lowered shares of Tata Motors from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $45.00 to $30.00 in a research note on Friday. Morgan Stanley lowered shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a research note on Thursday. Finally, ValuEngine lowered shares of Tata Motors from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $32.50.
In related news, Director Carlos Yong purchased 300,000 shares of Tata Motors stock in a transaction that occurred on Tuesday, June 13th. The shares were acquired at an average price of $0.30 per share, for a total transaction of $90,000.00.
About Tata Motors
Tata Motors Limited is an automobile company. The Company is engaged in manufacture of motor vehicles. The Company is engaged mainly in the business of automobile products consisting of all types of commercial and passenger vehicles, including financing of the vehicles sold by the Company. The Company’s segments include automotive operations and all other operations.
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