Luxoft Holding Inc. (LXFT) Position Maintained by Amica Mutual Insurance Co.
Amica Mutual Insurance Co. continued to hold its stake in Luxoft Holding Inc. (NYSE:LXFT) during the third quarter, Holdings Channel reports. The firm owned 37,545 shares of the company’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in Luxoft Holding were worth $1,984,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP boosted its position in shares of Luxoft Holding by 1,599.4% in the second quarter. Quantbot Technologies LP now owns 2,906 shares of the company’s stock valued at $151,000 after buying an additional 2,735 shares in the last quarter. Nordea Investment Management AB boosted its position in Luxoft Holding by 14.8% in the second quarter. Nordea Investment Management AB now owns 617,957 shares of the company’s stock worth $32,146,000 after buying an additional 79,889 shares during the period. Henderson Group PLC acquired a new position in Luxoft Holding during the second quarter worth approximately $598,000. LMR Partners LLP acquired a new position in Luxoft Holding during the second quarter worth approximately $749,000. Finally, Candriam Luxembourg S.C.A. boosted its position in Luxoft Holding by 14.0% in the second quarter. Candriam Luxembourg S.C.A. now owns 108,000 shares of the company’s stock worth $5,618,000 after buying an additional 13,300 shares during the period. Institutional investors and hedge funds own 89.20% of the company’s stock.
Luxoft Holding Inc. (NYSE:LXFT) traded down 0.46% during midday trading on Tuesday, hitting $54.10. The company’s stock had a trading volume of 234,992 shares. The stock has a 50 day moving average of $52.50 and a 200 day moving average of $54.73. Luxoft Holding Inc. has a 52-week low of $46.58 and a 52-week high of $80.64. The company has a market cap of $1.79 billion, a PE ratio of 29.23 and a beta of 1.55.
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LXFT has been the subject of a number of research analyst reports. Zacks Investment Research cut Luxoft Holding from a “hold” rating to a “sell” rating in a report on Wednesday, August 17th. Pacific Crest reissued a “hold” rating on shares of Luxoft Holding in a report on Wednesday, November 9th. Wedbush initiated coverage on Luxoft Holding in a report on Thursday, September 8th. They set a “neutral” rating and a $62.00 price target for the company. Berenberg Bank reissued a “hold” rating on shares of Luxoft Holding in a report on Tuesday, August 16th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $55.00 price target on shares of Luxoft Holding in a report on Wednesday, August 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $67.42.
Luxoft Holding Company Profile
Luxoft Holding, Inc is a provider of software development services and information technology solutions to a client base consisting of multinational corporations. The Company’s software development services consist of custom software development and support, product engineering and testing, and technology consulting.
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