Russell Investments Group Ltd. acquired a new position in shares of LuxUrban Hotels Inc. (NASDAQ:LUXH – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 256,607 shares of the company’s stock, valued at approximately $1,532,000.
Several other large investors also recently bought and sold shares of LUXH. Citigroup Inc. acquired a new position in LuxUrban Hotels in the 3rd quarter valued at $53,000. Ancora Advisors LLC raised its position in shares of LuxUrban Hotels by 71.9% in the third quarter. Ancora Advisors LLC now owns 255,776 shares of the company’s stock valued at $1,192,000 after buying an additional 107,012 shares during the last quarter. Barclays PLC purchased a new position in shares of LuxUrban Hotels in the third quarter worth about $36,000. Calamos Advisors LLC acquired a new position in LuxUrban Hotels during the fourth quarter worth about $714,000. Finally, Perritt Capital Management Inc. purchased a new stake in LuxUrban Hotels during the 3rd quarter valued at about $93,000. 28.46% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on LUXH. Maxim Group reissued a “hold” rating on shares of LuxUrban Hotels in a research note on Wednesday. Northland Securities cut LuxUrban Hotels from an “outperform” rating to a “market perform” rating in a report on Monday, May 6th. Finally, Jonestrading reaffirmed a “buy” rating and set a $4.00 target price (down from $10.00) on shares of LuxUrban Hotels in a research note on Wednesday, April 17th.
View Our Latest Report on LuxUrban Hotels
LuxUrban Hotels Price Performance
NASDAQ:LUXH opened at $0.40 on Friday. LuxUrban Hotels Inc. has a 52 week low of $0.39 and a 52 week high of $6.88. The stock’s fifty day moving average is $1.30 and its two-hundred day moving average is $3.28. The company has a market capitalization of $16.74 million, a P/E ratio of -0.17 and a beta of -0.93. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.23.
LuxUrban Hotels (NASDAQ:LUXH – Get Free Report) last released its quarterly earnings results on Monday, April 15th. The company reported ($0.20) earnings per share (EPS) for the quarter. LuxUrban Hotels had a negative net margin of 77.31% and a negative return on equity of 65.31%. The company had revenue of $27.51 million during the quarter. Equities analysts expect that LuxUrban Hotels Inc. will post 0.17 EPS for the current year.
LuxUrban Hotels Profile
LuxUrban Hotels Inc utilizes an asset light business model to lease entire hotels on a long-term basis and rent out hotel rooms in the properties it leases. It manages a portfolio of hotel rooms in New York, Washington DC, Miami Beach, New Orleans, and Los Angeles. The company was formerly known as CorpHousing Group Inc and changed its name to LuxUrban Hotels Inc in November 2022.
Further Reading
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