Gabelli Funds LLC purchased a new stake in shares of Yatra Online Inc (NASDAQ:YTRA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 494,639 shares of the technology company’s stock, valued at approximately $2,038,000. Gabelli Funds LLC owned 1.08% of Yatra Online as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of YTRA. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Yatra Online during the third quarter valued at $2,589,000. First Trust Advisors LP acquired a new position in shares of Yatra Online during the second quarter valued at $1,973,000. Verition Fund Management LLC acquired a new position in shares of Yatra Online during the second quarter valued at $303,000. OMERS ADMINISTRATION Corp lifted its stake in shares of Yatra Online by 54.1% during the second quarter. OMERS ADMINISTRATION Corp now owns 164,700 shares of the technology company’s stock valued at $624,000 after acquiring an additional 57,800 shares during the period. Finally, Marshall Wace LLP lifted its stake in shares of Yatra Online by 450.5% during the first quarter. Marshall Wace LLP now owns 34,922 shares of the technology company’s stock valued at $172,000 after acquiring an additional 28,578 shares during the period. 26.81% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:YTRA traded up $0.01 during mid-day trading on Friday, hitting $4.20. The company had a trading volume of 288,900 shares, compared to its average volume of 199,424. The business’s fifty day moving average is $4.07 and its two-hundred day moving average is $4.16. Yatra Online Inc has a fifty-two week low of $3.43 and a fifty-two week high of $5.56. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $194.77 million, a P/E ratio of -5.53 and a beta of 1.05.
Several equities analysts have weighed in on YTRA shares. Zacks Investment Research reissued a “buy” rating and issued a $4.50 target price on shares of Yatra Online in a research note on Saturday, October 12th. ValuEngine raised Yatra Online from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.
Yatra Online Profile
Yatra Online, Inc operates as an online travel company in India and internationally. The company provides travel-related services, including domestic and international air ticketing, hotel bookings, homestays, holiday packages, bus ticketing, rail ticketing, and activities and ancillary services for leisure and business travelers.
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