Private Bank & Trust Co Boosted Lowe’s Companies (LOW) Position By $340,263; Makemytrip Limited Ord (MMYT) Sellers Decreased By 5.84% Their Shorts

October 12, 2017 - By Adrian Mccoy

Private Bank & Trust Co increased Lowe’s Companies Inc (LOW) stake by 26.33% reported in 2017Q2 SEC filing. Private Bank & Trust Co acquired 4,419 shares as Lowe’s Companies Inc (LOW)’s stock rose 10.23%. The Private Bank & Trust Co holds 21,199 shares with $1.64M value, up from 16,780 last quarter. Lowe’s Companies Inc now has $67.88 billion valuation. The stock rose 0.38% or $0.31 reaching $81.49 per share. About 823,980 shares traded. Lowe’s Companies, Inc. (NYSE:LOW) has risen 5.92% since October 12, 2016 and is uptrending. It has underperformed by 10.78% the S&P500.

Makemytrip Limited Ord (NASDAQ:MMYT) had a decrease of 5.84% in short interest. MMYT’s SI was 3.82 million shares in October as released by FINRA. Its down 5.84% from 4.05M shares previously. With 515,000 avg volume, 7 days are for Makemytrip Limited Ord (NASDAQ:MMYT)’s short sellers to cover MMYT’s short positions. The SI to Makemytrip Limited Ord’s float is 8.81%. About 114,104 shares traded. MakeMyTrip Limited (NASDAQ:MMYT) has risen 111.67% since October 12, 2016 and is uptrending. It has outperformed by 94.97% the S&P500.

MakeMyTrip Limited is an online travel firm in India. The company has market cap of $2.44 billion. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. It currently has negative earnings. The Company’s divisions include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.

Among 4 analysts covering MakeMyTrip (NASDAQ:MMYT), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. MakeMyTrip had 8 analyst reports since August 12, 2015 according to SRatingsIntel. Nomura upgraded the shares of MMYT in report on Friday, June 3 to “Neutral” rating. Nomura downgraded the shares of MMYT in report on Tuesday, February 23 to “Reduce” rating. As per Friday, October 30, the company rating was downgraded by Deutsche Bank. The stock of MakeMyTrip Limited (NASDAQ:MMYT) has “Hold” rating given on Thursday, August 10 by Jefferies.

Since May 30, 2017, it had 0 insider purchases, and 2 selling transactions for $2.77 million activity. The insider Ramsay Paul D sold $1.83 million. Maltsbarger Richard D sold $936,115 worth of stock or 11,672 shares.

Private Bank & Trust Co decreased Vanguard (VNQ) stake by 36,941 shares to 279,714 valued at $23.28 million in 2017Q2. It also reduced Ishares (IVV) stake by 7,392 shares and now owns 460,266 shares. Ishares (IWN) was reduced too.

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