Luxottica Group SpA (NYSE:LUX) saw unusually-high trading volume on Thursday . Approximately 68,266 shares traded hands during 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 topic of several research analyst reports. Zacks Investment Research upgraded shares of Luxottica Group SpA from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Credit Suisse Group AG started coverage on shares of Luxottica Group SpA in a research note on Wednesday, June 15th. They issued an “outperform” rating for the company. Raymond James Financial Inc. raised shares of Luxottica Group SpA from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 4th. Finally, TheStreet lowered shares of Luxottica Group SpA from a “buy” rating to a “hold” rating in a research note on Tuesday, March 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Luxottica Group SpA currently has a consensus rating of “Hold”.

The stock has a market capitalization of $22.97 billion and a PE ratio of 25.88. The firm has a 50-day moving average price of $51.87 and a 200-day moving average price of $56.03.

A number of large investors have recently bought and sold shares of the company. Neuberger Berman Group LLC raised its stake in Luxottica Group SpA by 1.1% in the fourth quarter. Neuberger Berman Group LLC now owns 348,942 shares of the company’s stock valued at $22,632,000 after buying an additional 3,721 shares during the period. Morgan Stanley raised its stake in Luxottica Group SpA by 3.9% in the fourth quarter. Morgan Stanley now owns 172,562 shares of the company’s stock valued at $11,192,000 after buying an additional 6,537 shares during the period. Azimuth Capital Management LLC raised its stake in 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. Comerica Bank raised its stake in 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. Finally, WBI Investments Inc. purchased a new stake in Luxottica Group SpA during the fourth quarter valued at $1,510,000.

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.

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