As Luxoft Hldg INC (LXFT) Market Value Declined, Holder Kerrisdale Advisers LLC Lowered Its Holding

April 24, 2018 - By Hazel Jackson

Luxoft Holding, Inc. (NYSE:LXFT) Logo

Sahm Adrangi decreased its stake in Luxoft Hldg Inc (LXFT) by 19.6% based on its latest 2017Q4 regulatory filing with the SEC. Kerrisdale Advisers Llc sold 150,058 shares as the company’s stock declined 24.59% with the market. The hedge fund run by Sahm Adrangi held 615,456 shares of the technology company at the end of 2017Q4, valued at $34.28 million, down from 765,514 at the end of the previous reported quarter. Kerrisdale Advisers Llc who had been investing in Luxoft Hldg Inc for a number of months, seems to be less bullish one the $1.32 billion market cap company. The stock increased 2.06% or $0.8 during the last trading session, reaching $39.55. About 129,449 shares traded. Luxoft Holding, Inc. (NYSE:LXFT) has declined 31.27% since April 24, 2017 and is downtrending. It has underperformed by 42.82% the S&P500.

Analysts await Luxoft Holding, Inc. (NYSE:LXFT) to report earnings on May, 28. They expect $0.39 earnings per share, down 15.22 % or $0.07 from last year’s $0.46 per share. LXFT’s profit will be $13.06M for 25.35 P/E if the $0.39 EPS becomes a reality. After $0.67 actual earnings per share reported by Luxoft Holding, Inc. for the previous quarter, Wall Street now forecasts -41.79 % negative EPS growth.

Luxoft Holding, Inc. (NYSE:LXFT) Ratings Coverage

Among 7 analysts covering Luxoft Holding Inc (NYSE:LXFT), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Luxoft Holding Inc has $70.0 highest and $46 lowest target. $58.14’s average target is 47.00% above currents $39.55 stock price. Luxoft Holding Inc had 8 analyst reports since November 20, 2017 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, November 20 by UBS. The firm earned “Buy” rating on Thursday, February 15 by KeyBanc Capital Markets. The stock of Luxoft Holding, Inc. (NYSE:LXFT) has “Overweight” rating given on Tuesday, December 5 by KeyBanc Capital Markets. Cantor Fitzgerald upgraded it to “Buy” rating and $65.0 target in Wednesday, January 17 report. As per Thursday, February 15, the company rating was maintained by Credit Suisse. The company was downgraded on Wednesday, February 14 by Cowen & Co. The company was maintained on Wednesday, February 14 by JP Morgan.

Luxoft Holding, Inc. (NYSE:LXFT) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.