LMR Partners LLP bought a new position in shares of Xura Inc. (NASDAQ:MESG) during the second quarter, Holdings Channel reports. The fund bought 50,000 shares of the company’s stock, valued at approximately $1,221,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sphinx Trading LP bought a new position in shares of Xura during the second quarter worth about $122,000. FNY Managed Accounts LLC acquired a new stake in Xura during the second quarter valued at about $244,000. Barclays PLC acquired a new stake in Xura during the first quarter valued at about $548,000. AXA boosted its stake in Xura by 300.9% in the first quarter. AXA now owns 35,120 shares of the company’s stock valued at $691,000 after buying an additional 26,359 shares during the last quarter. Finally, Steinberg Asset Management LLC boosted its stake in Xura by 16.0% in the first quarter. Steinberg Asset Management LLC now owns 282,090 shares of the company’s stock valued at $5,549,000 after buying an additional 38,835 shares during the last quarter.
Xura Inc. (NASDAQ:MESG) remained flat at $25.00 during mid-day trading on Friday. Xura Inc. has a 12 month low of $17.51 and a 12 month high of $26.63. The firm’s 50 day moving average price is $24.77 and its 200-day moving average price is $22.24.
Several analysts recently issued reports on the company. Zacks Investment Research raised Xura from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Friday, July 22nd. B. Riley reissued a “neutral” rating and issued a $25.00 target price on shares of Xura in a research note on Saturday, August 27th. Finally, Craig Hallum cut Xura from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th.
Xura, Inc, formerly Comverse, Inc, is a provider of digital communications solutions for communication service providers (CSPs), enterprises and application providers. The Company offers digital communications solutions to create monetizable services with both existing and emerging technologies, such as voice over long-term evolution (VoLTE), rich communication services (RCS) credit orchestration and Internet protocol (IP) messaging and Web real-time communications (WebRTC).