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Stuyvesant Capital Management Has Trimmed Chesapeake Energy (CHK) Position by $430,950 as Valuation Declined; Hartwell J M Limited Partnership Decreased Its Position in Luxoft Holding (LXFT) as Share Value Declined

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 $1.31B market cap company. The stock decreased 2.85% or $1.15 during the last trading session, reaching $39.2. About 283,177 shares traded. Luxoft Holding, Inc. (NYSE:LXFT) has declined 31.27% since April 20, 2017 and is downtrending. It has underperformed by 42.82% the S&P500.

Stuyvesant Capital Management decreased its stake in Chesapeake Energy Corp (CHK) by 32.47% based on its latest 2017Q4 regulatory filing with the SEC. Stuyvesant Capital Management sold 143,650 shares as the company’s stock declined 23.38% with the market. The institutional investor held 298,750 shares of the oil & gas production company at the end of 2017Q4, valued at $1.18M, down from 442,400 at the end of the previous reported quarter. Stuyvesant Capital Management who had been investing in Chesapeake Energy Corp for a number of months, seems to be less bullish one the $2.72 billion market cap company. The stock decreased 3.19% or $0.1 during the last trading session, reaching $3.03. About 29.93M shares traded. Chesapeake Energy Corporation (NYSE:CHK) has declined 42.83% since April 20, 2017 and is downtrending. It has underperformed by 54.38% the S&P500.

Among 12 analysts covering Luxoft Holding (NYSE:LXFT), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Luxoft Holding had 38 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by JP Morgan on Wednesday, February 14 with “Overweight”. Cowen & Co maintained Luxoft Holding, Inc. (NYSE:LXFT) rating on Thursday, October 12. Cowen & Co has “Buy” rating and $63.0 target. The firm has “Hold” rating by KeyBanc Capital Markets given on Thursday, September 28. The stock of Luxoft Holding, Inc. (NYSE:LXFT) earned “Hold” rating by Wedbush on Friday, August 11. The stock of Luxoft Holding, Inc. (NYSE:LXFT) has “Buy” rating given on Friday, August 11 by Cowen & Co. The stock has “Outperform” rating by Cowen & Co on Monday, December 19. The rating was maintained by Monness Crespi & Hardt with “Buy” on Thursday, November 12. The firm has “Buy” rating given on Thursday, February 15 by KeyBanc Capital Markets. On Wednesday, February 14 the stock rating was downgraded by Cowen & Co to “Hold”. The company was upgraded on Friday, January 6 by Wedbush.

Hartwell J M Limited Partnership, which manages about $535.54 million and $532.32M US Long portfolio, upped its stake in Alibaba Group (NYSE:BABA) by 27,680 shares to 131,925 shares, valued at $22.75 million in 2017Q4, according to the filing. It also increased its holding in Cl C by 330 shares in the quarter, for a total of 29,879 shares, and has risen its stake in Citigroup Inc.

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 25.13 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.

Analysts await Chesapeake Energy Corporation (NYSE:CHK) to report earnings on May, 3. They expect $0.27 EPS, up 17.39% or $0.04 from last year’s $0.23 per share. CHK’s profit will be $242.02M for 2.81 P/E if the $0.27 EPS becomes a reality. After $0.30 actual EPS reported by Chesapeake Energy Corporation for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth.

Chesapeake Energy Corporation (NYSE:CHK) Institutional Positions Chart

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