Tata Mtrs LTD (TTM) Shareholder Causeway Capital Management Has Lowered Its Position; Vodafone Group Plc New (VOD) Share Price Declined While Ironsides Asset Advisors Lifted Its Stake

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August 7, 2018 – By Catherine Smith

Ironsides Asset Advisors Llc increased its stake in Vodafone Group Plc New (VOD) by 215.41% based on its latest 2018Q1 regulatory filing with the SEC. Ironsides Asset Advisors Llc bought 24,725 shares as the company’s stock declined 10.20% with the market. The institutional investor held 36,203 shares of the Telecommunications equipment company at the end of 2018Q1, valued at $1.01 million, up from 11,478 at the end of the previous reported quarter. Ironsides Asset Advisors Llc who had been investing in Vodafone Group Plc New for a number of months, seems to be bullish on the $66.37 billion market cap company. The stock increased 0.17% or $0.04 during the last trading session, reaching $24.38. About 1.93 million shares traded. Vodafone Group Plc (NASDAQ:VOD) has declined 12.54% since August 7, 2017 and is downtrending. It has underperformed by 25.11% the S&P500. Some Historical VOD News: 25/04/2018 – Vodafone: Transaction Values Shareholding at $4.3B; 08/05/2018 – Financial Times: FT Exclusive: Vodafone, one of the world’s largest mobile operators, is close to an €18bn deal that will; 15/05/2018 – Vodafone GROUP PLC VOD.L – Vodafone INDIA SERVICE REVENUE DOWN 18.7%*, EBITDA DOWN 34.5%*; MERGER WITH Idea cellular EXPECTED TO CLOSE IN JUNE; 13/04/2018 – BT GROUP PLC BT.L – TELEFÓNICA UK LIMITED HAS BEEN ALLOCATED SPECTRUM FREQUENCIES 2350 – 2390 MHZ; 12/04/2018 – UK’S OFCOM – COS LIKELY TO PURCHASE DARK FIBRE (TALKTALK, THREE, Vodafone) SAID SERVICE AT HIGHER BANDWIDTHS WOULD BE SIGNIFICANTLY MORE USEFUL TO THEM; 03/05/2018 – Vodafone EGYPT CEO FROMENT-CURTIL SPEAKS IN CAIRO; 18/05/2018 – TELE COLUMBUS WOULD LIKE TO BUY SOME Vodafone ASSETS: WIWO; 11/05/2018 – ♫ Reuters Insider – UK Week Ahead: Trump-Iran impact to dominate; AstraZeneca results; German GDP; 25/04/2018 – Vodafone GROUP PLC VOD.L – BHARTI Airtel AND Vodafone WILL JOINTLY CONTROL COMBINED COMPANY; 15/05/2018 – ♫ Reuters Insider – Dialing in a new era – Vodafone CEO to step down

Causeway Capital Management Llc decreased its stake in Tata Mtrs Ltd (TTM) by 57.9% based on its latest 2018Q1 regulatory filing with the SEC. Causeway Capital Management Llc sold 66,709 shares as the company’s stock declined 26.47% with the market. The institutional investor held 48,503 shares of the auto manufacturing company at the end of 2018Q1, valued at $1.25 million, down from 115,212 at the end of the previous reported quarter. Causeway Capital Management Llc who had been investing in Tata Mtrs Ltd for a number of months, seems to be less bullish one the $12.05B market cap company. The stock decreased 1.56% or $0.29 during the last trading session, reaching $18.31. About 947,117 shares traded. Tata Motors Limited (NYSE:TTM) has declined 41.71% since August 7, 2017 and is downtrending. It has underperformed by 54.28% the S&P500. Some Historical TTM News: 23/05/2018 – TATA MOTORS 4Q JLR REV. GBP7.56B; 06/03/2018 – TATA SONS TO BUY INDIAN HOTELS STAKE FROM 3 FOUNDER TRUSTS; 17/05/2018 – MEDIA-Bhushan promoters in last-ditch effort to halt takeover by India’s Tata Steel – Mint; 16/05/2018 – TATA STEEL CFO KOUSHIK CHATTERJEE SPEAKS IN MUMBAI; 12/03/2018 – TATA SONS TO SELL UP TO 1.48 PCT STAKE IN TATA CONSULTANCY SERVICES VIA BLOCK TRADES TO RAISE $1.2 BLN – CNBCTV18; 16/05/2018 – INDIA’S TATA STEEL LTD TISC.NS – MARCH QTR CONSOL NET PROFIT 146.88 BLN RUPEES VS LOSS OF 11.68 BLN RUPEES LAST YEAR; 29/05/2018 – BTVI Live: Sources To @BTVI- Bhushan Power & Steel Resolution: CoC Meet On June 11 To Discuss Tata Steel, Liberty House Bid.…; 11/03/2018 – Financial Chron: Banks may approve Tata bid for Bhushan Power & Steel; 18/05/2018 – TATA CHEMICALS 4Q REV. 25.6B RUPEES; 22/05/2018 – YES BANK LTD YESB.NS SAYS CO RECOVERS 1.84 BLN RUPEES PURSUANT TO ACQUISITION OF BHUSHAN STEEL LIMITED BY TATA STEEL

Ironsides Asset Advisors Llc, which manages about $457.28M and $260.89 million US Long portfolio, decreased its stake in Spdr Ser Tr by 17,450 shares to 23,449 shares, valued at $1.12 million in 2018Q1, according to the filing. It also reduced its holding in Wisdomtree Tr (DLS) by 6,626 shares in the quarter, leaving it with 4,720 shares, and cut its stake in Tyson Foods Inc (NYSE:TSN).

More important recent Vodafone Group Plc (NASDAQ:VOD) news were published by: Seekingalpha.com which released: “Your 52 Top Yield, Upside, And Net Gain Nasdaq Stocks For July” on July 16, 2018, also Nasdaq.com published article titled: “Mid-Afternoon Market Update: Crude Oil Up Over 2%; RLJ Entertainment Shares Spike Higher”, Nasdaq.com published: “August 31st Options Now Available For Vodafone Group (VOD)” on July 12, 2018. More interesting news about Vodafone Group Plc (NASDAQ:VOD) was released by: Seekingalpha.com and their article: “Vodafone -1% as Italy, Spain mark earnings headwinds” with publication date: July 25, 2018.

Among 11 analysts covering Vodafone Group PLC (ADR) (NASDAQ:VOD), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. Vodafone Group PLC (ADR) had 20 analyst reports since October 19, 2015 according to SRatingsIntel. The stock of Vodafone Group Plc (NASDAQ:VOD) earned “Reduce” rating by Standpoint Research on Thursday, June 1. The firm has “Overweight” rating by Barclays Capital given on Friday, December 8. The firm has “Neutral” rating given on Thursday, May 17 by Citigroup. The rating was initiated by Standpoint Research on Tuesday, January 3 with “Accumulate”. The stock of Vodafone Group Plc (NASDAQ:VOD) earned “Buy” rating by Bank of America on Wednesday, August 9. Citigroup upgraded the stock to “Buy” rating in Wednesday, April 4 report. On Monday, November 21 the stock rating was downgraded by BNP Paribas to “Neutral”. Macquarie Research upgraded Vodafone Group Plc (NASDAQ:VOD) on Monday, October 19 to “Outperform” rating. On Tuesday, January 17 the stock rating was downgraded by HSBC to “Hold”. On Tuesday, September 20 the stock rating was initiated by Argus Research with “Hold”.

Causeway Capital Management Llc, which manages about $27.14 billion and $9.33B US Long portfolio, upped its stake in Sap Se (NYSE:SAP) by 27,798 shares to 189,562 shares, valued at $19.93M in 2018Q1, according to the filing. It also increased its holding in Mobile Telesystems Pjsc (NYSE:MBT) by 797,651 shares in the quarter, for a total of 5.71M shares, and has risen its stake in Verifone Sys Inc (NYSE:PAY).

Analysts await Tata Motors Limited (NYSE:TTM) to report earnings on August, 8. They expect $0.43 EPS, up 126.32% or $0.24 from last year’s $0.19 per share. TTM’s profit will be $282.89 million for 10.65 P/E if the $0.43 EPS becomes a reality. After $0.78 actual EPS reported by Tata Motors Limited for the previous quarter, Wall Street now forecasts -44.87% negative EPS growth.

Vodafone Group Plc (NASDAQ:VOD) Ratings Chart  Tata Mtrs LTD (TTM) Shareholder Causeway Capital Management Has Lowered Its Position; Vodafone Group Plc New (VOD) Share Price Declined While Ironsides Asset Advisors Lifted Its Stake VOD Ratings Chart

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