Luxottica Group SpA (NYSE:LUX) saw strong trading volume on Friday . 244,579 shares traded hands during mid-day trading, an increase of 152% from the previous session’s volume of 97,089 shares.The stock last traded at $49.54 and had previously closed at $50.17.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Luxottica Group SpA from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. TheStreet downgraded Luxottica Group SpA from a “buy” rating to a “hold” rating in a report on Tuesday, March 22nd. Credit Suisse Group AG assumed coverage on Luxottica Group SpA in a report on Wednesday, June 15th. They issued an “outperform” rating on the stock. Finally, Raymond James Financial Inc. upgraded Luxottica Group SpA from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold”.

The stock’s 50 day moving average price is $50.98 and its 200 day moving average price is $55.50. The stock has a market capitalization of $23.80 billion and a PE ratio of 26.84.

Several hedge funds and institutional investors recently modified their holdings of the company. WBI Investments Inc. bought a new position in shares of Luxottica Group SpA during the fourth quarter worth approximately $1,510,000. Wells Fargo & Company MN boosted its position 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 worth $1,306,000 after buying an additional 4,571 shares in the last quarter. Azimuth Capital Management LLC boosted its position 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 worth $3,430,000 after buying an additional 3,530 shares in the last quarter. Comerica Bank boosted its position 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 worth $1,593,000 after buying an additional 1,231 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of Luxottica Group SpA by 3.9% in the fourth quarter. Morgan Stanley now owns 172,562 shares of the company’s stock worth $11,192,000 after buying an additional 6,537 shares in the last quarter.

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. The Company operates through two segments: manufacturing and wholesale distribution, and retail distribution. Through its manufacturing and wholesale distribution operations, the Company is engaged in 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.