Investors Sell Xura Inc. (MESG) on Strength (MESG)
Traders sold shares of Xura Inc. (NASDAQ:MESG) on strength during trading on Friday. $0.76 million flowed into the stock on the tick-up and $16.72 million flowed out of the stock on the tick-down, for a money net flow of $15.96 million out of the stock. Of all equities tracked, Xura had the 0th highest net out-flow for the day. Xura traded up $0.19 for the day and closed at $24.61
MESG has been the subject of several research analyst reports. Zacks Investment Research cut Xura from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Craig Hallum cut Xura from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. Finally, B. Riley cut Xura from a “buy” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research note on Tuesday, May 24th.
The company has a market capitalization of $615.69 million and a P/E ratio of 4.50. The firm’s 50-day moving average is $24.49 and its 200 day moving average is $21.81.
Xura (NASDAQ:MESG) last issued its quarterly earnings results on Monday, June 27th. The company reported ($1.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.76. On average, equities analysts predict that Xura Inc. will post ($0.26) EPS for the current year.
A number of large investors recently modified their holdings of the company. Lapides Asset Management LLC increased its stake in shares of Xura by 9.6% in the fourth quarter. Lapides Asset Management LLC now owns 410,200 shares of the company’s stock valued at $10,083,000 after buying an additional 35,800 shares during the period. Nichols Asset Management LLC acquired a new position in Xura during the fourth quarter valued at about $9,340,000. Mutual of America Capital Management LLC boosted its position in Xura by 9.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 157,739 shares of the company’s stock valued at $3,877,000 after buying an additional 13,427 shares in the last quarter. EAM Investors LLC acquired a new position in Xura during the fourth quarter valued at about $1,131,000. Finally, California State Teachers Retirement System boosted its position in Xura by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 42,100 shares of the company’s stock valued at $1,035,000 after buying an additional 749 shares in the last quarter.
Xura, Inc, formerly Comverse, Inc, is a global provider of cloud-based and in-network services enablement and monetization software solutions for communication service providers (CSPs) and enterprises. The Company offers a suite of software solutions designed to support users’ connected lifestyles. The Company operates through two segments: Business Support Systems (BSS) and Digital Services.
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