Tata Motors Ltd (TTM) Holdings Cut by Intrust Bank NA

Intrust Bank NA lowered its stake in shares of Tata Motors Ltd (NYSE:TTM) by 13.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,653 shares of the company’s stock after selling 2,205 shares during the period. Intrust Bank NA’s holdings in Tata Motors were worth $458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Tata Motors by 41.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 32,566 shares of the company’s stock valued at $5,184,000 after purchasing an additional 9,576 shares in the last quarter. Wrapmanager Inc. lifted its holdings in shares of Tata Motors by 30.2% during the 3rd quarter. Wrapmanager Inc. now owns 12,293 shares of the company’s stock valued at $384,000 after purchasing an additional 2,853 shares in the last quarter. BT Investment Management Ltd lifted its holdings in shares of Tata Motors by 0.7% during the 3rd quarter. BT Investment Management Ltd now owns 590,203 shares of the company’s stock valued at $18,456,000 after purchasing an additional 4,209 shares in the last quarter. Bbva Compass Bancshares Inc. lifted its holdings in shares of Tata Motors by 40.7% during the 3rd quarter. Bbva Compass Bancshares Inc. now owns 46,708 shares of the company’s stock valued at $1,461,000 after purchasing an additional 13,519 shares in the last quarter. Finally, Westpac Banking Corp bought a new position in shares of Tata Motors during the 3rd quarter valued at about $3,367,000. Hedge funds and other institutional investors own 11.61% of the company’s stock.

Shares of Tata Motors Ltd (NYSE:TTM) opened at $31.99 on Tuesday. Tata Motors Ltd has a 1 year low of $28.97 and a 1 year high of $40.34. The stock has a market capitalization of $21,949.68, a P/E ratio of 21.40, a P/E/G ratio of 0.24 and a beta of 2.23. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.98 and a quick ratio of 0.63.

TTM has been the topic of several recent analyst reports. Stifel Nicolaus upgraded Tata Motors from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Zacks Investment Research upgraded Tata Motors from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Friday, August 11th. Morgan Stanley cut Tata Motors from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 10th. Sanford C. Bernstein cut Tata Motors from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $45.00 to $30.00 in a report on Friday, August 11th. Finally, BidaskClub cut Tata Motors from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Tata Motors has a consensus rating of “Hold” and a consensus price target of $32.50.

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About Tata Motors

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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