Kerrisdale Advisers LLC Trimmed Its Luxoft Hldg INC (LXFT) Holding by $8.25 Million as Stock Value Declined

April 24, 2018 - By Michael Collier

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 $34.28M, 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 $13.06 million 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 earned “Overweight” rating on Tuesday, December 5 by KeyBanc Capital Markets. The stock of Luxoft Holding, Inc. (NYSE:LXFT) has “Hold” rating given on Wednesday, February 14 by Cowen & Co. On Thursday, February 15 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The firm has “Neutral” rating given on Thursday, February 15 by Credit Suisse. UBS maintained Luxoft Holding, Inc. (NYSE:LXFT) on Monday, November 20 with “Neutral” rating. On Wednesday, February 14 the stock rating was maintained by JP Morgan with “Overweight”. The firm has “Buy” rating given on Wednesday, January 17 by Cantor Fitzgerald.

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

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