Stevens Capital Management LP Acquires New Position in Tata Motors (TTM)

Stevens Capital Management LP acquired a new stake in shares of Tata Motors (NYSE:TTM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 32,283 shares of the company’s stock, valued at approximately $830,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in shares of Tata Motors by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 598,792 shares of the company’s stock worth $18,711,000 after purchasing an additional 9,849 shares during the period. Pendal Group Ltd raised its holdings in shares of Tata Motors by 8.8% during the first quarter. Pendal Group Ltd now owns 642,271 shares of the company’s stock worth $16,506,000 after purchasing an additional 52,068 shares during the period. Bbva Compass Bancshares Inc. raised its holdings in shares of Tata Motors by 13.2% during the first quarter. Bbva Compass Bancshares Inc. now owns 55,484 shares of the company’s stock worth $1,426,000 after purchasing an additional 6,491 shares during the period. Thomas White International Ltd. raised its holdings in shares of Tata Motors by 2.6% during the fourth quarter. Thomas White International Ltd. now owns 135,498 shares of the company’s stock worth $4,481,000 after purchasing an additional 3,373 shares during the period. Finally, Schroder Investment Management Group raised its holdings in shares of Tata Motors by 10.1% during the fourth quarter. Schroder Investment Management Group now owns 128,049 shares of the company’s stock worth $4,235,000 after purchasing an additional 11,710 shares during the period. Hedge funds and other institutional investors own 9.72% of the company’s stock.

A number of brokerages have weighed in on TTM. JPMorgan Chase & Co. cut shares of Tata Motors from an “overweight” rating to a “neutral” rating in a report on Wednesday. ValuEngine cut shares of Tata Motors from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research cut shares of Tata Motors from a “hold” rating to a “sell” rating in a report on Thursday, April 19th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $33.50.

Shares of NYSE:TTM opened at $22.39 on Thursday. The firm has a market cap of $14.96 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 0.12 and a beta of 2.24. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.63 and a current ratio of 0.98. Tata Motors has a 1-year low of $21.75 and a 1-year high of $37.38.

Tata Motors Company Profile

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 passenger cars, such as passenger cars; utility vehicles, including SUVs and multipurpose utility vehicles; light commercial vehicles comprising pickup trucks and small commercial vehicles; and medium and heavy commercial vehicles consisting of trucks, tractors, buses, tippers, multi-axle vehicles, dump trucks, tractor-trailers, mixers, and cargo vehicles, as well as related parts and accessories.

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

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