Hanson & Doremus Investment Management Reduces Stock Position in Tata Motors Limited (NYSE:TTM)

Hanson & Doremus Investment Management lessened its stake in Tata Motors Limited (NYSE:TTM) by 27.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,511 shares of the company’s stock after selling 20,341 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Tata Motors were worth $679,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Henry James International Management Inc. raised its holdings in shares of Tata Motors by 154.7% during the 4th quarter. Henry James International Management Inc. now owns 65,638 shares of the company’s stock worth $849,000 after acquiring an additional 39,872 shares during the period. Millennium Management LLC raised its stake in Tata Motors by 80.4% during the third quarter. Millennium Management LLC now owns 649,413 shares of the company’s stock worth $5,448,000 after purchasing an additional 289,419 shares during the period. Squarepoint Ops LLC acquired a new position in Tata Motors in the 3rd quarter valued at about $870,000. Parametric Portfolio Associates LLC boosted its holdings in Tata Motors by 20.5% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,389,673 shares of the company’s stock valued at $11,659,000 after purchasing an additional 236,199 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Tata Motors in the 3rd quarter valued at about $278,000. 5.83% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on TTM shares. Nomura upgraded shares of Tata Motors from a “reduce” rating to a “neutral” rating in a report on Tuesday, October 29th. Zacks Investment Research upgraded Tata Motors from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, CLSA upgraded Tata Motors from a “sell” rating to a “buy” rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.00.

TTM traded down $0.17 during trading hours on Thursday, reaching $13.78. The company’s stock had a trading volume of 41,864 shares, compared to its average volume of 1,076,601. Tata Motors Limited has a fifty-two week low of $7.38 and a fifty-two week high of $17.14. The stock has a market cap of $9.40 billion, a PE ratio of 68.93 and a beta of 1.55. The business’s 50-day moving average is $12.40 and its 200-day moving average is $10.52. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.78 and a quick ratio of 0.50.

Tata Motors (NYSE:TTM) last released its quarterly earnings data on Friday, October 25th. The company reported ($0.05) EPS for the quarter. Tata Motors had a negative net margin of 10.10% and a negative return on equity of 3.28%. The business had revenue of $9.30 billion during the quarter. Analysts expect that Tata Motors Limited will post 0.39 EPS for the current year.

Tata Motors 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 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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