Mirae Asset Global Investments Increases Stake in Makemytrip Limited Mauritius (MMYT); Tyvor Capital Raised Holding in Abercrombie & Fitch Co (ANF) by $352,032

December 8, 2017 - By Max Morgan

John Tompkins increased its stake in Abercrombie & Fitch Co (ANF) by 10.38% based on its latest 2017Q2 regulatory filing with the SEC. Tyvor Capital Llc bought 29,336 shares as the company’s stock rose 2.13% with the market. The hedge fund run by John Tompkins held 311,878 shares of the clothing and shoe and accessory stores company at the end of 2017Q2, valued at $3.88M, up from 282,542 at the end of the previous reported quarter. Tyvor Capital Llc who had been investing in Abercrombie & Fitch Co for a number of months, seems to be bullish on the $1.21 billion market cap company. The stock increased 0.79% or $0.14 during the last trading session, reaching $17.79. About 2.07M shares traded. Abercrombie & Fitch Co. (NYSE:ANF) has declined 47.82% since December 8, 2016 and is downtrending. It has underperformed by 64.52% the S&P500.

Mirae Asset Global Investments increased its stake in Makemytrip Limited Mauritius (MMYT) by 934.3% based on its latest 2017Q2 regulatory filing with the SEC. Mirae Asset Global Investments bought 54,619 shares as the company’s stock rose 2.51% with the market. The institutional investor held 60,465 shares of the transportation services company at the end of 2017Q2, valued at $2.03M, up from 5,846 at the end of the previous reported quarter. Mirae Asset Global Investments who had been investing in Makemytrip Limited Mauritius for a number of months, seems to be bullish on the $2.91 billion market cap company. It closed at $28.85 lastly. It is down 111.67% since December 8, 2016 and is uptrending. It has outperformed by 94.97% the S&P500.

Among 4 analysts covering MakeMyTrip (NASDAQ:MMYT), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. MakeMyTrip has $36 highest and $16 lowest target. $26.67’s average target is -7.56% below currents $28.85 stock price. MakeMyTrip had 11 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Thursday, November 2. The stock has “Neutral” rating by Nomura on Friday, June 3. Jefferies downgraded MakeMyTrip Limited (NASDAQ:MMYT) on Thursday, August 10 to “Hold” rating. The stock of MakeMyTrip Limited (NASDAQ:MMYT) has “Reduce” rating given on Tuesday, February 23 by Nomura. The firm earned “Hold” rating on Friday, October 30 by Deutsche Bank. The firm earned “Hold” rating on Friday, October 13 by Jefferies.

Another recent and important MakeMyTrip Limited (NASDAQ:MMYT) news was published by Seekingalpha.com which published an article titled: “MakeMyTrip Still Has The Edge Over Yatra” on November 17, 2017.

Mirae Asset Global Investments, which manages about $4.74 billion and $5.76B US Long portfolio, decreased its stake in Gilead Sciences Inc (NASDAQ:GILD) by 15,809 shares to 90,891 shares, valued at $6.43M in 2017Q2, according to the filing. It also reduced its holding in Pfizer Inc (NYSE:PFE) by 69,617 shares in the quarter, leaving it with 1.05M shares, and cut its stake in China Biologic Prods Inc (NASDAQ:CBPO).

Among 31 analysts covering Abercrombie & Fitch Co. (NYSE:ANF), 6 have Buy rating, 10 Sell and 15 Hold. Therefore 19% are positive. Abercrombie & Fitch Co. has $50 highest and $9.0 lowest target. $18.30’s average target is 2.87% above currents $17.79 stock price. Abercrombie & Fitch Co. had 109 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Abercrombie & Fitch Co. (NYSE:ANF) earned “Hold” rating by Robert W. Baird on Monday, October 30. The firm earned “Buy” rating on Tuesday, August 30 by Standpoint Research. The rating was maintained by FBR Capital on Monday, May 29 with “Hold”. RBC Capital Markets maintained Abercrombie & Fitch Co. (NYSE:ANF) rating on Monday, June 12. RBC Capital Markets has “Sell” rating and $1200 target. The firm earned “Hold” rating on Friday, November 20 by Evercore. The firm has “Market Perform” rating by Telsey Advisory Group given on Monday, November 21. The stock has “Hold” rating by RBC Capital Markets on Monday, November 13. Mizuho maintained the stock with “Neutral” rating in Friday, November 18 report. Telsey Advisory Group maintained Abercrombie & Fitch Co. (NYSE:ANF) on Monday, November 23 with “Market Perform” rating. The firm earned “Neutral” rating on Friday, May 27 by Mizuho.

Tyvor Capital Llc, which manages about $514.12M US Long portfolio, decreased its stake in Gap Inc/The (NYSE:GPS) by 319,276 shares to 110,174 shares, valued at $2.42 million in 2017Q2, according to the filing. It also reduced its holding in United Continental Holdings (NYSE:UAL) by 156,313 shares in the quarter, leaving it with 166,868 shares, and cut its stake in Ross Stores Inc (NASDAQ:ROST).

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