Why Nobilis Health, Sunrun, Luxoft Holding and Two Other Stocks Are Surging Today?

Momo Nearing a Buyout

Momo Inc (ADR) (NASDAQ:MOMO) climbed by another 4% today as the concerns over China blocking its buyout on regulatory issues are fizzling out. Previously, China’s regulatory authorities announced that they would analyze the effects of delisting companies in the U.S to sell shares in the mainland at higher valuations. However, analysts think that the chances of Momo going private are strong. According to a regulatory filing in April, Alibaba Group Holding Ltd (NYSE:BABA) joined the group that is interested in buying Momo. The involvement of Alibaba boosts the prospects of Momo’s privatization. Nine investors that we track were long Momo Inc (ADR) (NASDAQ:MOMO) at the end of 2015, versus five funds a quarter earlier.

Sunrun Posts Surprise Profit

Shares of Sunrun Inc (NASDAQ:RUN) have surged by more than 10% today after the company surprised investors with its first-quarter results. The San Francisco-based solar company reported EPS of $0.13, better than the estimated loss of $0.48. Revenue in the quarter came in at $99 million, above analysts’ expectations of $87.7 million. In a statement, the company said that it expects deployment of around 285 MW in 2016. The primary focus of the company will be to deliver NPV of above $1 per watt in the second half of the year. A total of 15 hedge funds from our database amassed $199.8 million worth of shares of Sunrun Inc (NASDAQ:RUN) heading into 2016.

Luxoft Holding Beats Fourth Quarter Estimates

Luxoft Holding Inc (NYSE:LXFT)’s stock has escalated by more than 7% after the company surpassed analysts’ estimates in its fiscal fourth-quarter financial results. The Switzerland-based software development company’s net income on an adjusted basis was $0.56 per share, up from $0.46 per share in the same period a year earlier, and higher than the estimated $0.48, while its revenue in the quarter increased by 23.2% on the year to $169.2 million, better than the expected $166.3 million. For 2017, the company expects a revenue of at least $780.9 million. Overall, 15 funds from our database reported long positions in Luxoft Holding Inc (NYSE:LXFT) as of the end of the last year, having amassed $91 million worth of stock.

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