Tata Motors Ltd (TTM) Position Decreased by AQR Capital Management LLC

AQR Capital Management LLC lowered its position in shares of Tata Motors Ltd (NYSE:TTM) by 6.1% during the first quarter, Holdings Channel reports. The institutional investor owned 3,412,147 shares of the company’s stock after selling 223,553 shares during the period. AQR Capital Management LLC owned 0.50% of Tata Motors worth $121,643,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Numeric Investors LLC boosted its stake in shares of Tata Motors by 70.6% in the fourth quarter. Numeric Investors LLC now owns 565,700 shares of the company’s stock worth $19,454,000 after buying an additional 234,200 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Tata Motors during the fourth quarter worth $5,310,000. Guggenheim Capital LLC boosted its stake in shares of Tata Motors by 23.7% in the fourth quarter. Guggenheim Capital LLC now owns 44,233 shares of the company’s stock worth $1,521,000 after buying an additional 8,470 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of Tata Motors during the fourth quarter worth $298,000. Finally, Soros Fund Management LLC bought a new stake in shares of Tata Motors during the fourth quarter worth $2,579,000. Institutional investors and hedge funds own 13.76% of the company’s stock.

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

Tata Motors Ltd (NYSE:TTM) traded up 0.20% on Friday, reaching $34.88. The company 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 company’s 50 day moving average price is $35.08 and its 200-day moving average price is $35.53.

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A number of brokerages recently weighed in on TTM. ValuEngine cut shares of Tata Motors from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Zacks Investment Research upgraded shares of Tata Motors from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Saturday, May 27th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Tata Motors has a consensus rating of “Buy” and a consensus target price of $44.50.

In other news, Director Carlos Yong purchased 300,000 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were acquired at an average price of $0.30 per share, with a total value 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.

Want to see what other hedge funds are holding TTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tata Motors Ltd (NYSE:TTM).

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