American Century Companies Inc. Sells 1,870,938 Shares of Tata Motors Ltd (TTM)

American Century Companies Inc. cut its holdings in Tata Motors Ltd (NYSE:TTM) by 74.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 634,580 shares of the company’s stock after selling 1,870,938 shares during the quarter. American Century Companies Inc. owned about 0.09% of Tata Motors worth $19,843,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. First Allied Advisory Services Inc. raised its holdings in Tata Motors by 0.3% in the second quarter. First Allied Advisory Services Inc. now owns 14,073 shares of the company’s stock worth $461,000 after purchasing an additional 47 shares during the period. Creative Planning raised its holdings in Tata Motors by 0.9% in the second quarter. Creative Planning now owns 12,898 shares of the company’s stock worth $426,000 after purchasing an additional 111 shares during the period. Financial Counselors Inc. raised its holdings in Tata Motors by 1.9% in the second quarter. Financial Counselors Inc. now owns 10,372 shares of the company’s stock worth $342,000 after purchasing an additional 193 shares during the period. Wrapmanager Inc. raised its holdings in Tata Motors by 2.4% in the second quarter. Wrapmanager Inc. now owns 9,440 shares of the company’s stock worth $312,000 after purchasing an additional 218 shares during the period. Finally, Telemus Capital LLC raised its holdings in Tata Motors by 2.9% in the second quarter. Telemus Capital LLC now owns 10,670 shares of the company’s stock worth $352,000 after purchasing an additional 305 shares during the period. 11.61% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Tata Motors from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. BidaskClub lowered shares of Tata Motors from a “sell” rating to a “strong sell” rating in a report on Saturday, August 12th. Sanford C. Bernstein lowered shares of Tata Motors from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $45.00 to $30.00 in a report on Friday, August 11th. Morgan Stanley lowered shares of Tata Motors from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 10th. Finally, Stifel Nicolaus upgraded shares of Tata Motors from a “hold” rating to a “buy” rating in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Tata Motors currently has a consensus rating of “Hold” and an average price target of $32.50.

Shares of Tata Motors Ltd (NYSE:TTM) opened at $31.41 on Thursday. Tata Motors Ltd has a twelve month low of $28.97 and a twelve month high of $40.34. The company has a current ratio of 0.98, a quick ratio of 0.63 and a debt-to-equity ratio of 0.79. The company has a market cap of $21,474.28, a price-to-earnings ratio of 20.94, a P/E/G ratio of 0.24 and a beta of 2.23.

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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.

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

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