Rubric Capital Management Lowers stake in Xura Inc (MESG)

Xura Inc (MESG) : Rubric Capital Management reduced its stake in Xura Inc by 86.61% during the most recent quarter end. The investment management company now holds a total of 149,390 shares of Xura Inc which is valued at $3,719,811 after selling 966,610 shares in Xura Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Xura Inc makes up approximately 43.49% of Rubric Capital Management’s portfolio.

Other Hedge Funds, Including , D. E. Shaw boosted its stake in MESG in the latest quarter, The investment management firm added 38,717 additional shares and now holds a total of 149,652 shares of Xura Inc which is valued at $3,726,335. Xura Inc makes up approx 0.01% of D. E. Shaw’s portfolio. Ontario Teachers Pension Plan Board added MESG to its portfolio by purchasing 24,300 company shares during the most recent quarter which is valued at $605,070. Xura Inc makes up approx 0.01% of Ontario Teachers Pension Plan Board’s portfolio. Oppenheimerfunds added MESG to its portfolio by purchasing 31,056 company shares during the most recent quarter which is valued at $773,294.Blackrock Institutional Trust Company N.a. reduced its stake in MESG by selling 6,465 shares or 1.06% in the most recent quarter. The Hedge Fund company now holds 606,308 shares of MESG which is valued at $15,097,069. Sg Americas Securities added MESG to its portfolio by purchasing 343,382 company shares during the most recent quarter which is valued at $8,533,043. Xura Inc makes up approx 0.06% of Sg Americas Securities’s portfolio.

Many Wall Street Analysts have commented on Xura Inc. Xura Inc was Downgraded by Craig Hallum to ” Hold” on Jun 30, 2016.

Xura Inc. formerly Comverse Inc. is a global provider of cloud-based and in-network services enablement and monetization software solutions for communication service providers (CSPs) and enterprises. The Company offers a suite of software solutions designed to support users’ connected lifestyles. The Company operates through two segments: Business Support Systems (BSS) and Digital Services. The BSS segment conducts the Company’s converged prepaid and postpaid billing and active customer management systems business along with its policy solutions products. The Digital Services segment conducts the Company’s digital services business and includes groups engaged in product management delivery support professional services research and development and product sales support. The Company’s product suite is offered through domains such as BSS Digital Services Enterprise Monetization Solutions and Managed and Professional Services.

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