Schafer Cullen Capital Management Inc. Decreases Stake in Tata Motors Ltd (TTM)

Schafer Cullen Capital Management Inc. lowered its stake in shares of Tata Motors Ltd (NYSE:TTM) by 17.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,015 shares of the company’s stock after selling 11,923 shares during the period. Schafer Cullen Capital Management Inc.’s holdings in Tata Motors were worth $2,068,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TTM. Integrated Investment Consultants LLC acquired a new position in Tata Motors during the first quarter valued at $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 valued at $103,000 after buying an additional 700 shares during the last quarter. BB&T Corp acquired a new position in Tata Motors during the first quarter valued at $209,000. Stifel Financial Corp acquired a new position in Tata Motors during the first quarter valued at $209,000. Finally, Greenleaf Trust acquired a new position in Tata Motors during the first quarter valued at $211,000. 13.76% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Tata Motors Ltd (NYSE TTM) traded up 0.20% during trading on Friday, hitting $34.88. The stock had a trading volume of 1,683,193 shares. Tata Motors Ltd has a 12-month low of $31.71 and a 12-month high of $44.79. The stock’s 50-day moving average is $35.08 and its 200-day moving average is $35.53.

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A number of brokerages have commented on TTM. Zacks Investment Research upgraded Tata Motors from a “sell” rating to a “hold” rating in a research note on Thursday, April 6th. ValuEngine cut Tata Motors from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Tata Motors has an average rating of “Buy” and an average target price of $44.50.

In related news, Director Carlos Yong acquired 300,000 shares of the stock in a transaction dated Tuesday, June 13th. The shares were purchased at an average price of $0.30 per share, for a total transaction of $90,000.00.

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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