Tata Motors Ltd (NYSE:TTM) Stake Boosted by Bank of Montreal Can

Bank of Montreal Can increased its stake in Tata Motors Ltd (NYSE:TTM) by 17.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 719,499 shares of the company’s stock after buying an additional 105,780 shares during the period. Bank of Montreal Can’s holdings in Tata Motors were worth $23,752,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hexavest Inc. increased its position in Tata Motors by 2.3% in the second quarter. Hexavest Inc. now owns 19,292 shares of the company’s stock valued at $637,000 after buying an additional 427 shares in the last quarter. New Silk Road Investment PTE Ltd. increased its position in Tata Motors by 127.7% in the second quarter. New Silk Road Investment PTE Ltd. now owns 96,271 shares of the company’s stock valued at $3,178,000 after buying an additional 54,000 shares in the last quarter. Handelsbanken Fonder AB bought a new position in Tata Motors during the second quarter valued at approximately $1,320,000. Bank of Nova Scotia increased its position in Tata Motors by 37.5% in the first quarter. Bank of Nova Scotia now owns 275,000 shares of the company’s stock valued at $9,804,000 after buying an additional 75,000 shares in the last quarter. Finally, Paloma Partners Management Co increased its position in Tata Motors by 5.4% in the first quarter. Paloma Partners Management Co now owns 37,738 shares of the company’s stock valued at $1,345,000 after buying an additional 1,919 shares in the last quarter. 13.79% of the stock is currently owned by institutional investors.

Shares of Tata Motors Ltd (TTM) opened at 35.19 on Tuesday. Tata Motors Ltd has a 12-month low of $31.71 and a 12-month high of $44.79. The stock has a 50 day moving average of $35.20 and a 200-day moving average of $35.63.

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Several research analysts recently commented on the stock. Zacks Investment Research raised shares of Tata Motors from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Thursday, July 13th. BidaskClub raised shares of Tata Motors from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, ValuEngine downgraded shares of Tata Motors from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Tata Motors currently has a consensus rating of “Buy” and a consensus target price of $43.50.

In other Tata Motors news, Director Carlos Yong purchased 300,000 shares of the business’s stock in a transaction on Tuesday, June 13th. The shares were bought at an average cost 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.

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

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