Is Tata Motors Limited (ADR) (NYSE:TTM) a superb stock to buy now? The best stock pickers are betting on the stock. The number of bullish hedge fund bets increased by 6 lately.
In today’s marketplace, there are plenty of methods shareholders can use to watch stocks. A couple of the most innovative are hedge fund and insider trading sentiment. At Insider Monkey, our research analyses have shown that, historically, those who follow the best picks of the top investment managers can outclass the market by a healthy margin (see just how much).
Equally as important, optimistic insider trading sentiment is another way to parse down the stock market universe. As the old adage goes: there are plenty of motivations for an executive to sell shares of his or her company, but just one, very obvious reason why they would initiate a purchase. Various empirical studies have demonstrated the market-beating potential of this tactic if piggybackers understand where to look (learn more here).
With all of this in mind, it’s important to take a glance at the latest action surrounding Tata Motors Limited (ADR) (NYSE:TTM).
Hedge fund activity in Tata Motors Limited (ADR) (NYSE:TTM)
At year’s end, a total of 17 of the hedge funds we track were long in this stock, a change of 55% from the third quarter. With hedgies’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were increasing their holdings meaningfully.
Of the funds we track, Fisher Asset Management, managed by Ken Fisher, holds the largest position in Tata Motors Limited (ADR) (NYSE:TTM). Fisher Asset Management has a $179 million position in the stock, comprising 0.5% of its 13F portfolio. Sitting at the No. 2 spot is Cliff Asness of AQR Capital Management, with a $36 million position; the fund has 0.2% of its 13F portfolio invested in the stock. Some other hedge funds with similar optimism include Ken Heebner’s Capital Growth Management, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital and Thomas Steyer’s Farallon Capital.
Now, key money managers have jumped into Tata Motors Limited (ADR) (NYSE:TTM) headfirst. Capital Growth Management, managed by Ken Heebner, created the most outsized position in Tata Motors Limited (ADR) (NYSE:TTM). Capital Growth Management had 29 million invested in the company at the end of the quarter. Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital also made a $19 million investment in the stock during the quarter. The other funds with new positions in the stock are Israel Englander’s Millennium Management, Louis Bacon’s Moore Global Investments, and Noam Gottesman’s GLG Partners.
How have insiders been trading Tata Motors Limited (ADR) (NYSE:TTM)?
Insider purchases made by high-level executives is best served when the company in question has experienced transactions within the past half-year. Over the last 180-day time frame, Tata Motors Limited (ADR) (NYSE:TTM) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
With the results demonstrated by Insider Monkey’s time-tested strategies, everyday investors must always keep an eye on hedge fund and insider trading activity, and Tata Motors Limited (ADR) (NYSE:TTM) is no exception.
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