Tata Mtrs LTD (TTM) Holder Indus Capital Partners LLC Upped Stake

August 24, 2017 - By Maria Brooks

David Kowitz increased its stake in Tata Mtrs Ltd (TTM) by 289.59% based on its latest 2016Q4 regulatory filing with the SEC. Indus Capital Partners Llc bought 1.32M shares as the company’s stock rose 2.96% with the market. The hedge fund run by David Kowitz held 1.77M shares of the auto manufacturing company at the end of 2016Q4, valued at $61.01M, up from 455,388 at the end of the previous reported quarter. Indus Capital Partners Llc who had been investing in Tata Mtrs Ltd for a number of months, seems to be bullish on the $18.94 billion market cap company. The stock rose 0.10% or $0.03 reaching $29.88 per share. About 223,470 shares traded. Tata Motors Limited (ADR) (NYSE:TTM) has risen 21.13% since August 24, 2016 and is uptrending. It has outperformed by 4.43% the S&P500.

Indus Capital Partners Llc, which manages about $7.51B and $771.27M US Long portfolio, decreased its stake in Icici Bk Ltd (NYSE:IBN) by 1.01M shares to 59,171 shares, valued at $443,000 in 2016Q4, according to the filing. It also reduced its holding in China Biologic Prods Inc (NASDAQ:CBPO) by 78,133 shares in the quarter, leaving it with 167,104 shares, and cut its stake in Herbalife Ltd (NYSE:HLF).

More recent Tata Motors Limited (ADR) (NYSE:TTM) news were published by: Schaeffersresearch.com which released: “Why Options Traders Should Consider Calls on Ford, Tata Motors” on March 02, 2017. Also Benzinga.com published the news titled: “Jim Cramer Shares His Thoughts On YY Inc And Tata Motors” on May 24, 2017. Schaeffersresearch.com‘s news article titled: “Tesla, Fiat Chrysler, Tata Motors Stocks Moving Today” with publication date: February 14, 2017 was also an interesting one.

Tata Motors Limited (ADR) (NYSE:TTM) Ratings Coverage

Among 6 analysts covering TTM Tech (NYSE:TTM), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. TTM Tech had 12 analyst reports since August 6, 2015 according to SRatingsIntel. As per Monday, January 11, the company rating was maintained by Stifel Nicolaus. The stock of Tata Motors Limited (ADR) (NYSE:TTM) has “Hold” rating given on Monday, August 10 by Stifel Nicolaus. Credit Suisse downgraded the stock to “Neutral” rating in Monday, June 27 report. The company was upgraded on Tuesday, November 3 by Bernstein. The stock of Tata Motors Limited (ADR) (NYSE:TTM) earned “Mkt Perform” rating by Bernstein on Friday, September 9. Goldman Sachs downgraded Tata Motors Limited (ADR) (NYSE:TTM) on Monday, November 23 to “Sell” rating. The firm has “Outperform” rating given on Monday, November 21 by Bernstein. The firm earned “Equal-Weight” rating on Thursday, August 10 by Morgan Stanley. The rating was downgraded by Zacks on Friday, August 14 to “Hold”. The firm earned “Market Perform” rating on Friday, August 11 by Bernstein.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.