Hartwell J M Limited Partnership Has Trimmed Luxoft Holding INC (LXFT) Stake by $12.64 Million

April 17, 2018 - By Jeanette Kaplan

Luxoft Holding, Inc. (NYSE:LXFT) Logo

Hartwell J M Limited Partnership decreased its stake in Luxoft Holding Inc (LXFT) by 66.22% based on its latest 2017Q4 regulatory filing with the SEC. Hartwell J M Limited Partnership sold 229,850 shares as the company’s stock declined 24.59% with the market. The hedge fund held 117,270 shares of the technology company at the end of 2017Q4, valued at $6.53M, down from 347,120 at the end of the previous reported quarter. Hartwell J M Limited Partnership who had been investing in Luxoft Holding Inc for a number of months, seems to be less bullish one the $1.35 billion market cap company. It closed at $40.3 lastly. It is down 31.27% since April 17, 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 $13.05M for 25.83 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 had 8 analyst reports since November 20, 2017 according to SRatingsIntel. On Wednesday, February 14 the stock rating was maintained by JP Morgan with “Overweight”. The rating was upgraded by Cantor Fitzgerald to “Buy” on Wednesday, January 17. The stock of Luxoft Holding, Inc. (NYSE:LXFT) earned “Hold” rating by Cowen & Co on Wednesday, February 14. The firm has “Overweight” rating by KeyBanc Capital Markets given on Tuesday, December 5. UBS maintained Luxoft Holding, Inc. (NYSE:LXFT) rating on Monday, November 20. UBS has “Neutral” rating and $55 target. The firm earned “Neutral” rating on Thursday, February 15 by Credit Suisse. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, February 15.

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

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