Segantii Capital Management LTD Has Upped By $4.37 Million Its Tata Mtrs LTD (TTM) Position; Insteel Industries Has 0.91 Sentiment

November 14, 2017 - By Marguerite Chambers

Insteel Industries, Inc. is a manufacturer of steel wire reinforcing products for concrete construction applications. The company has market cap of $490.69 million. The Company’s activities are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. It has a 21.97 P/E ratio. The Company’s concrete reinforcing products consist of two product lines: prestressed concrete strand and welded wire reinforcement (WWR).

Segantii Capital Management Ltd increased Tata Mtrs Ltd (TTM) stake by 114.44% reported in 2017Q2 SEC filing. Segantii Capital Management Ltd acquired 132,300 shares as Tata Mtrs Ltd (TTM)’s stock rose 2.96%. The Segantii Capital Management Ltd holds 247,909 shares with $8.29 million value, up from 115,609 last quarter. Tata Mtrs Ltd now has $20.14B valuation. The stock decreased 1.16% or $0.37 during the last trading session, reaching $31.62. About 1.49 million shares traded or 4.20% up from the average. Tata Motors Limited (ADR) (NYSE:TTM) has risen 21.13% since November 14, 2016 and is uptrending. It has outperformed by 4.43% the S&P500.

Among 6 analysts covering TTM Tech (NYSE:TTM), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. TTM Tech had 13 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Sell” rating by Goldman Sachs given on Monday, November 23. The firm has “Hold” rating by Zacks given on Friday, August 14. The firm has “Outperform” rating by Bernstein given on Monday, November 21. The stock of Tata Motors Limited (ADR) (NYSE:TTM) has “Market Perform” rating given on Friday, August 11 by Bernstein. Stifel Nicolaus maintained Tata Motors Limited (ADR) (NYSE:TTM) rating on Monday, January 11. Stifel Nicolaus has “Buy” rating and $9.5 target. The stock has “Mkt Perform” rating by Bernstein on Friday, September 9. Credit Suisse upgraded the shares of TTM in report on Tuesday, November 8 to “Outperform” rating. The firm earned “Buy” rating on Friday, August 25 by Stifel Nicolaus. The firm has “Outperform” rating by Bernstein given on Tuesday, November 3. The rating was maintained by Needham with “Buy” on Thursday, August 6.

The stock decreased 0.15% or $0.04 during the last trading session, reaching $25.77. About 142,418 shares traded. Insteel Industries Inc (IIIN) has risen 28.48% since November 14, 2016 and is uptrending. It has outperformed by 11.78% the S&P500.

Robotti Robert holds 2.36% of its portfolio in Insteel Industries Inc for 238,298 shares. Profit Investment Management Llc owns 61,167 shares or 1.82% of their US portfolio. Moreover, Thomson Horstmann & Bryant Inc has 1.16% invested in the company for 272,012 shares. The Pennsylvania-based Alphaone Investment Services Llc has invested 1.06% in the stock. Monarch Partners Asset Management Llc, a Massachusetts-based fund reported 126,260 shares.

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