UBS Asset Management Americas Inc. Decreases Position in Tata Motors Ltd (TTM)

UBS Asset Management Americas Inc. cut its stake in Tata Motors Ltd (NYSE:TTM) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,338,100 shares of the company’s stock after selling 12,863 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.20% of Tata Motors worth $44,171,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TTM. PNC Financial Services Group Inc. lifted its stake in Tata Motors by 439.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,406 shares of the company’s stock valued at $194,000 after buying an additional 4,404 shares in the last quarter. Stifel Financial Corp purchased a new position in Tata Motors in the 1st quarter valued at about $209,000. RMB Capital Management LLC purchased a new position in Tata Motors in the 1st quarter valued at about $222,000. Morningstar Investment Services LLC lifted its stake in Tata Motors by 16.3% in the 2nd quarter. Morningstar Investment Services LLC now owns 7,221 shares of the company’s stock valued at $238,000 after buying an additional 1,013 shares in the last quarter. Finally, Commonwealth Bank of Australia lifted its stake in Tata Motors by 8.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 8,050 shares of the company’s stock valued at $265,000 after buying an additional 633 shares in the last quarter. 11.90% of the stock is currently owned by hedge funds and other institutional investors.

Tata Motors Ltd (NYSE:TTM) opened at 31.09 on Tuesday. The stock has a market capitalization of $21.12 billion, a price-to-earnings ratio of 19.13 and a beta of 2.29. The company has a 50-day moving average of $30.84 and a 200-day moving average of $34.01. Tata Motors Ltd has a 52 week low of $28.97 and a 52 week high of $42.53.

Tata Motors (NYSE:TTM) last issued its earnings results on Wednesday, August 9th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.21). Tata Motors had a return on equity of 19.45% and a net margin of 3.38%. The company had revenue of $9.30 billion for the quarter. Analysts anticipate that Tata Motors Ltd will post $1.84 earnings per share for the current year.

A number of research analysts recently weighed in on the stock. Stifel Nicolaus raised shares of Tata Motors from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Zacks Investment Research lowered shares of Tata Motors from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Sanford C. Bernstein lowered shares of Tata Motors from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $45.00 to $30.00 in a research note on Friday, August 11th. BidaskClub lowered shares of Tata Motors from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 12th. Finally, Morgan Stanley lowered shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $32.50.

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Tata Motors Company Profile

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

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