Tata Motors passenger vehicle sales for June

Lawrence Kim
July 6, 2017

Dimensional Fund Advisors LP now owns 811,599 shares of the company's stock valued at $27,911,000 after buying an additional 14,080 shares during the period. Bank of America Corp DE owned about 0.22% of Tata Motors worth $52,096,000 as of its most recent filing with the SEC. Fisher Asset Management LLC increased its stake in shares of Tata Motors by 0.7% in the first quarter. Guggenheim Capital LLC boosted its stake in shares of Tata Motors by 23.7% in the fourth quarter. FMR LLC now owns 47,240 shares of the company's stock valued at $1,625,000 after buying an additional 6,700 shares in the last quarter. It also reduced its holding in Thomson Reuters Corp (NYSE:TRI) by 118,134 shares in the quarter, leaving it with 11,365 shares, and cut its stake in Ollie's Bargain Outlet Holding. Finally, Greenleaf Trust acquired a new position in Tata Motors during the first quarter worth about $211,000. Lmr Partners Llp bought 565,478 shares as the company's stock rose 2.96% with the market.

More news for Tata Motors Limited (ADR) (NYSE:TTM) were recently published by: Benzinga.com, which released: "Jim Cramer Shares His Thoughts On YY Inc And Tata Motors" on May 24, 2017. The stock rose 0.17% or $0.06 reaching $33.44 per share. The firm has a 50-day moving average price of $35.20 and a 200 day moving average price of $35.63. Tata Motors has a 52-week low of $31.71 and a 52-week high of $44.79. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and worldwide trademark and copyright law. The legal version of this piece of content can be accessed at https://sportsperspectives.com/2017/07/02/tata-motors-ltd-ttm-stake-cut-by-oppenheimerfunds-inc-updated.html.

TTM has been the subject of several analyst reports. Zacks Investment Research raised shares of Tata Motors from a "hold" rating to a "buy" rating and set a $41.00 price objective for the company in a report on Saturday, May 27th.

Tata Motors commercial vehicles domestic business reported sales of 25,678 units, lower by 2 per cent over June 2016 but continues to grow month-on-month on the back of ramp up of BS-IV production, across segments. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Tata Motors has a consensus rating of "Buy" and a consensus price target of $44.50.

In related news, Director Carlos Yong purchased 300,000 shares of Tata Motors stock in a transaction dated Tuesday, June 13th.

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