Virtu Financial LLC Takes $174,000 Position in Tata Motors Limited (NYSE:TTM)

Virtu Financial LLC purchased a new position in shares of Tata Motors Limited (NYSE:TTM) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 13,821 shares of the company’s stock, valued at approximately $174,000.

Several other hedge funds have also recently bought and sold shares of the company. Lindbrook Capital LLC bought a new position in Tata Motors in the 4th quarter worth about $32,000. Westside Investment Management Inc. boosted its stake in Tata Motors by 1,450.0% in the 4th quarter. Westside Investment Management Inc. now owns 3,100 shares of the company’s stock worth $38,000 after purchasing an additional 2,900 shares during the period. PNC Financial Services Group Inc. boosted its stake in Tata Motors by 24.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 9,664 shares of the company’s stock worth $117,000 after purchasing an additional 1,901 shares during the period. Baker Avenue Asset Management LP bought a new position in Tata Motors in the 4th quarter worth about $123,000. Finally, LPL Financial LLC bought a new position in Tata Motors in the 3rd quarter worth about $166,000. Institutional investors own 7.51% of the company’s stock.

Several brokerages have commented on TTM. Zacks Investment Research upgraded Tata Motors from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Saturday, April 13th. Deutsche Bank reaffirmed a “hold” rating on shares of Tata Motors in a report on Tuesday, March 26th. Nomura reaffirmed a “neutral” rating on shares of Tata Motors in a report on Friday, February 8th. Finally, Bank of America cut Tata Motors from a “buy” rating to a “neutral” rating in a report on Friday, February 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Tata Motors presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Shares of NYSE TTM traded down $0.24 during trading hours on Wednesday, reaching $12.57. 1,394,228 shares of the stock traded hands, compared to its average volume of 1,662,378. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 5.35, a P/E/G ratio of -2.70 and a beta of 1.61. The company has a current ratio of 0.92, a quick ratio of 0.55 and a debt-to-equity ratio of 0.75. Tata Motors Limited has a 52-week low of $10.29 and a 52-week high of $23.57.

Tata Motors (NYSE:TTM) last announced its quarterly earnings data on Monday, May 20th. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.07. The company had revenue of $12.38 billion for the quarter, compared to analysts’ expectations of $12.20 billion. Tata Motors had a positive return on equity of 3.13% and a negative net margin of 8.55%. On average, analysts forecast that Tata Motors Limited will post 0.37 EPS for the current fiscal year.

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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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