First Trust Advisors LP trimmed its holdings in Tata Motors Limited (NYSE:TTM) by 7.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 889,732 shares of the company’s stock after selling 72,048 shares during the period. First Trust Advisors LP owned about 0.13% of Tata Motors worth $13,666,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TTM. Renaissance Technologies LLC lifted its stake in shares of Tata Motors by 24.5% in the second quarter. Renaissance Technologies LLC now owns 4,148,700 shares of the company’s stock valued at $81,107,000 after buying an additional 817,000 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of Tata Motors in the second quarter valued at about $9,341,000. SG Americas Securities LLC raised its holdings in shares of Tata Motors by 354.5% in the second quarter. SG Americas Securities LLC now owns 597,216 shares of the company’s stock valued at $11,676,000 after purchasing an additional 465,822 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Tata Motors by 100.8% in the second quarter. BNP Paribas Arbitrage SA now owns 771,855 shares of the company’s stock valued at $15,090,000 after purchasing an additional 387,499 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Tata Motors in the second quarter valued at about $7,101,000. 7.14% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently commented on TTM. Zacks Investment Research downgraded shares of Tata Motors from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 6th. ValuEngine upgraded shares of Tata Motors from a “strong sell” rating to a “sell” rating in a report on Friday, November 2nd. Deutsche Bank downgraded shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, HSBC downgraded shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $37.00.

Shares of TTM stock opened at $13.11 on Friday. The stock has a market capitalization of $8.95 billion, a PE ratio of 5.58, a PEG ratio of 0.83 and a beta of 2.05. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.92 and a quick ratio of 0.55. Tata Motors Limited has a one year low of $11.35 and a one year high of $34.40.

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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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