What Do Hedge Funds Think of Luxoft Holding Inc (LXFT)?

As industrywide interest jumped, key money managers have jumped into Luxoft Holding Inc (NYSE:LXFT) headfirst. Prince Street Capital Management, managed by David Halpert, established the biggest position in Luxoft Holding Inc (NYSE:LXFT). Prince Street Capital Management had $4.3 million invested in the company at the end of the quarter. Neil Chriss’s Hutchin Hill Capital also initiated a $2.3 million position during the quarter. The only other fund with a brand new LXFT position is Chao Ku’s Nine Chapters Capital Management.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Luxoft Holding Inc (NYSE:LXFT) but similarly valued. We will take a look at Phibro Animal Health Corp (NASDAQ:PAHC), Stag Industrial Inc (NYSE:STAG), Seritage Growth Properties (NYSE:SRG), and Oxford Industries, Inc. (NYSE:OXM). All of these stocks’ market caps match LXFT’s market cap.

As you can see these stocks had an average of 17.75 hedge funds with bullish positions and the average amount invested in these stocks was $183 million. That figure was $131 million in LXFT’s case. Seritage Growth Properties (NYSE:SRG) is the most popular stock in this table. On the other hand Stag Industrial Inc (NYSE:STAG) is the least popular one with only 9 bullish hedge fund positions. Luxoft Holding Inc (NYSE:LXFT) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard SRG might be a better candidate to consider a long position.