Maxim Group reaffirmed their hold rating on shares of LuxUrban Hotels (NASDAQ:LUXH – Free Report) in a research note released on Wednesday morning, MarketBeat reports.
Several other analysts have also recently weighed in on the stock. Northland Securities cut shares of LuxUrban Hotels from an outperform rating to a market perform rating in a research report on Monday, May 6th. Jonestrading reaffirmed a buy rating and set a $4.00 price target (down previously from $10.00) on shares of LuxUrban Hotels in a research note on Wednesday, April 17th.
LuxUrban Hotels Price Performance
NASDAQ:LUXH opened at $0.50 on Wednesday. The firm has a market capitalization of $22.21 million, a price-to-earnings ratio of -0.21 and a beta of -0.93. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.60 and a current ratio of 0.39. The stock has a fifty day moving average of $1.26 and a 200 day moving average of $3.25. LuxUrban Hotels has a 52-week low of $0.39 and a 52-week high of $6.88.
LuxUrban Hotels (NASDAQ:LUXH – Get Free Report) last issued its quarterly earnings results on Monday, April 15th. The company reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $27.51 million for the quarter. LuxUrban Hotels had a negative net margin of 77.31% and a negative return on equity of 303.00%. On average, research analysts expect that LuxUrban Hotels will post 0.17 EPS for the current fiscal year.
Institutional Investors Weigh In On LuxUrban Hotels
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC purchased a new position in LuxUrban Hotels in the 3rd quarter worth approximately $36,000. Citigroup Inc. purchased a new position in shares of LuxUrban Hotels in the third quarter worth $53,000. Perritt Capital Management Inc. bought a new stake in LuxUrban Hotels during the 3rd quarter valued at $93,000. Bleakley Financial Group LLC bought a new stake in LuxUrban Hotels in the 1st quarter worth $98,000. Finally, Simplicity Wealth LLC bought a new stake in LuxUrban Hotels in the 1st quarter worth $98,000. Institutional investors own 28.46% of the company’s stock.
LuxUrban Hotels Company 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.
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