NGAM Advisors L.P. boosted its stake in Luxottica Group SpA (NYSE:LUX) by 8.7% during the second quarter, Holdings Channel reports. The firm owned 59,174 shares of the company’s stock after buying an additional 4,750 shares during the period. NGAM Advisors L.P.’s holdings in Luxottica Group SpA were worth $3,449,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LUX. Parallel Advisors LLC boosted its position in shares of Luxottica Group SpA by 3.5% in the first quarter. Parallel Advisors LLC now owns 1,981 shares of the company’s stock valued at $115,000 after buying an additional 67 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Luxottica Group SpA by 0.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,351 shares of the company’s stock valued at $129,000 after buying an additional 17 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of Luxottica Group SpA during the first quarter valued at about $130,000. US Bancorp DE boosted its position in shares of Luxottica Group SpA by 4.0% in the first quarter. US Bancorp DE now owns 3,095 shares of the company’s stock valued at $170,000 after buying an additional 120 shares during the period. Finally, Banque Pictet & Cie SA purchased a new position in shares of Luxottica Group SpA during the first quarter valued at about $277,000. 1.68% of the stock is owned by institutional investors and hedge funds.

Luxottica Group SpA (NYSE:LUX) opened at 60.90 on Thursday. The stock’s 50 day moving average is $59.03 and its 200 day moving average is $56.83. Luxottica Group SpA has a 12-month low of $44.85 and a 12-month high of $62.57.

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Several brokerages have issued reports on LUX. Morgan Stanley raised shares of Luxottica Group SpA from an “equal weight” rating to an “overweight” rating in a report on Tuesday, June 13th. Zacks Investment Research raised shares of Luxottica Group SpA from a “sell” rating to a “hold” rating in a report on Saturday, May 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $49.00.

About Luxottica Group SpA

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.

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Institutional Ownership by Quarter for Luxottica Group SpA (NYSE:LUX)

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