Triasima Portfolio Management inc. Invests $2.26 Million in MakeMyTrip Limited (NASDAQ:MMYT)

Triasima Portfolio Management inc. purchased a new position in MakeMyTrip Limited (NASDAQ:MMYT) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,122 shares of the technology company’s stock, valued at approximately $2,259,000.

Several other institutional investors have also recently made changes to their positions in MMYT. Park Place Capital Corp bought a new position in shares of MakeMyTrip in the third quarter worth $25,000. Exchange Traded Concepts LLC increased its holdings in shares of MakeMyTrip by 5.4% in the third quarter. Exchange Traded Concepts LLC now owns 36,997 shares of the technology company’s stock worth $3,439,000 after purchasing an additional 1,901 shares during the period. Rheos Capital Works Inc. bought a new position in shares of MakeMyTrip in the third quarter worth $3,718,000. Bleakley Financial Group LLC purchased a new position in MakeMyTrip in the third quarter worth $258,000. Finally, Harbour Capital Advisors LLC grew its position in MakeMyTrip by 0.9% in the third quarter. Harbour Capital Advisors LLC now owns 20,280 shares of the technology company’s stock worth $2,008,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 51.89% of the company’s stock.

MakeMyTrip Stock Performance

NASDAQ MMYT opened at $116.69 on Friday. The company has a 50-day simple moving average of $112.50 and a two-hundred day simple moving average of $103.80. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 0.19. MakeMyTrip Limited has a 12-month low of $55.40 and a 12-month high of $123.00. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of 63.42, a PEG ratio of 7.05 and a beta of 1.29.

MakeMyTrip (NASDAQ:MMYT) last posted its quarterly earnings results on Thursday, January 23rd. The technology company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.12). MakeMyTrip had a net margin of 25.42% and a return on equity of 11.46%. On average, equities analysts forecast that MakeMyTrip Limited will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of MakeMyTrip from a “hold” rating to a “sell” rating in a research report on Friday, January 24th. Bank of America upped their target price on shares of MakeMyTrip from $119.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, December 27th.

MakeMyTrip Company Profile

MakeMyTrip Limited, an online travel company, sells travel products and solutions in India, the United States, Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam, and Indonesia. The company operates through three segments: Air Ticketing, Hotels and Packages, and Bus Ticketing.