Luxoft Hldg INC (LXFT) Holder Kerrisdale Advisers LLC Increased Stake

Luxoft Holding, Inc. (NYSE:LXFT) Logo

Kerrisdale Advisers Llc increased its stake in Luxoft Hldg Inc (LXFT) by 149.78% based on its latest 2018Q3 regulatory filing with the SEC. Kerrisdale Advisers Llc bought 459,033 shares as the company’s stock declined 29.42% with the market. The hedge fund held 765,514 shares of the technology company at the end of 2018Q3, valued at $36.59M, up from 306,481 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 bullish on the $1.93B market cap company. The stock increased 0.27% or $0.15 during the last trading session, reaching $57.4. About 674,435 shares traded or 23.73% up from the average. Luxoft Holding, Inc. (NYSE:LXFT) has declined 37.37% since January 14, 2018 and is downtrending. It has underperformed by 37.37% the S&P500.

More notable recent Luxoft Holding, Inc. (NYSE:LXFT) news were published by: Benzinga.com which released: “Luxoft’s Risk-Reward Improving, But Credit Suisse Says It’s Neutral Until Evidence Of Growth Emerges (NYSE:LXFT) – Benzinga” on June 04, 2018, also Seekingalpha.com with their article: “Andvari Associates Q2 2018 Letter – Seeking Alpha” published on July 25, 2018, Streetinsider.com published: “Luxoft Holding (LXFT) Buys Objective Software GmbH – StreetInsider.com” on August 07, 2018. More interesting news about Luxoft Holding, Inc. (NYSE:LXFT) were released by: Seekingalpha.com and their article: “Can Luxoft Holding Fight The Headwinds? – Seeking Alpha” published on June 14, 2018 as well as Seekingalpha.com‘s news article titled: “Luxoft Holding Inc 2019 Q2 – Results – Earnings Call Slides – Seeking Alpha” with publication date: November 15, 2018.

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

Among 5 analysts covering Luxoft Holding (NYSE:LXFT), 3 have Buy rating, 1 Sell and 1 Hold. Therefore 60% are positive. Luxoft Holding had 7 analyst reports since August 16, 2018 according to SRatingsIntel. The firm earned “Overweight” rating on Tuesday, November 13 by KeyBanc Capital Markets. The company was maintained on Friday, September 7 by KeyBanc Capital Markets. The stock has “Underweight” rating by JP Morgan on Thursday, November 15. VTB Capital upgraded Luxoft Holding, Inc. (NYSE:LXFT) rating on Friday, November 16. VTB Capital has “Buy” rating and $50 target. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Thursday, August 16 report. Cantor Fitzgerald maintained the shares of LXFT in report on Wednesday, September 5 with “Overweight” rating. The firm earned “Neutral” rating on Thursday, September 20 by Credit Suisse.

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

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