Calamos Wealth Management LLC Purchases 15,217 Shares of MakeMyTrip Limited (NASDAQ:MMYT)

Calamos Wealth Management LLC lifted its stake in MakeMyTrip Limited (NASDAQ:MMYT - Free Report) by 51.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,885 shares of the technology company's stock after purchasing an additional 15,217 shares during the period. Calamos Wealth Management LLC's holdings in MakeMyTrip were worth $2,109,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in MakeMyTrip by 478.2% during the 4th quarter. SG Americas Securities LLC now owns 51,682 shares of the technology company's stock valued at $2,428,000 after acquiring an additional 42,744 shares in the last quarter. Blue Trust Inc. increased its holdings in MakeMyTrip by 12.3% during the 4th quarter. Blue Trust Inc. now owns 7,055 shares of the technology company's stock valued at $331,000 after acquiring an additional 774 shares in the last quarter. Artisan Partners Limited Partnership purchased a new position in MakeMyTrip during the 3rd quarter valued at about $84,983,000. American Century Companies Inc. purchased a new position in MakeMyTrip during the 3rd quarter valued at about $22,602,000. Finally, Dumac Inc. purchased a new position in MakeMyTrip during the 3rd quarter valued at about $1,635,000. Institutional investors and hedge funds own 51.89% of the company's stock.

MakeMyTrip Trading Down 0.5 %

Shares of NASDAQ MMYT traded down $0.32 during midday trading on Friday, reaching $60.90. 720,861 shares of the stock were exchanged, compared to its average volume of 784,455. The company has a market capitalization of $6.46 billion, a P/E ratio of 132.39 and a beta of 1.23. MakeMyTrip Limited has a 52-week low of $22.50 and a 52-week high of $77.30. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average price of $64.15 and a 200-day moving average price of $51.63.

MakeMyTrip (NASDAQ:MMYT - Get Free Report) last released its earnings results on Tuesday, January 23rd. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.05. MakeMyTrip had a net margin of 6.93% and a return on equity of 10.13%. The business had revenue of $214.22 million for the quarter, compared to analysts' expectations of $210.01 million. Equities research analysts expect that MakeMyTrip Limited will post 0.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

MMYT has been the subject of a number of recent research reports. StockNews.com upgraded shares of MakeMyTrip from a "sell" rating to a "hold" rating in a report on Wednesday, January 24th. Macquarie downgraded shares of MakeMyTrip from an "outperform" rating to a "neutral" rating and lifted their price target for the stock from $50.00 to $60.00 in a report on Wednesday, February 21st.

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.