Luxottica Group SpA (NYSE:LUX) shares saw unusually-high trading volume on Thursday . Approximately 68,266 shares were traded during mid-day trading, a decline of 16% from the previous session’s volume of 81,385 shares.The stock last traded at $46.93 and had previously closed at $47.54.

LUX has been the subject of a number of research reports. Zacks Investment Research raised Luxottica Group SpA from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Credit Suisse Group AG initiated coverage on Luxottica Group SpA in a report on Wednesday, June 15th. They set an “outperform” rating for the company. Raymond James Financial Inc. raised Luxottica Group SpA from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 4th. Finally, TheStreet downgraded Luxottica Group SpA from a “buy” rating to a “hold” rating in a report on Tuesday, March 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold”.

The firm’s 50-day moving average is $52.07 and its 200 day moving average is $56.15. The company has a market capitalization of $22.64 billion and a P/E ratio of 25.40.

A number of large investors recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of Luxottica Group SpA by 29.4% in the fourth quarter. Wells Fargo & Company MN now owns 20,133 shares of the company’s stock valued at $1,306,000 after buying an additional 4,571 shares during the period. WBI Investments Inc. bought a new stake in shares of Luxottica Group SpA during the fourth quarter valued at $1,510,000. Comerica Bank increased its stake in shares of Luxottica Group SpA by 5.0% in the fourth quarter. Comerica Bank now owns 25,974 shares of the company’s stock valued at $1,593,000 after buying an additional 1,231 shares during the period. World Asset Management Inc increased its stake in shares of Luxottica Group SpA by 2.4% in the fourth quarter. World Asset Management Inc now owns 25,600 shares of the company’s stock valued at $1,660,000 after buying an additional 590 shares during the period. Finally, Azimuth Capital Management LLC increased its stake in shares of Luxottica Group SpA by 7.2% in the fourth quarter. Azimuth Capital Management LLC now owns 52,885 shares of the company’s stock valued at $3,430,000 after buying an additional 3,530 shares during the period.

Luxottica Group S.p.A. is a holding company. The Company is engaged in the design, manufacture and distribution of fashion, luxury, sport and performance eyewear. It operates in two industry segments: manufacturing and wholesale distribution, and retail distribution. Through its manufacturing and wholesale distribution operations, the Company is engaged in the design, manufacturing, wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.