LuxUrban Hotels Inc. (NASDAQ:LUXH) Director Sells $276,674.19 in Stock

LuxUrban Hotels Inc. (NASDAQ:LUXHGet Free Report) Director Brian Ferdinand sold 709,421 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $0.39, for a total transaction of $276,674.19. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Brian Ferdinand also recently made the following trade(s):

  • On Tuesday, May 28th, Brian Ferdinand sold 3,820 shares of LuxUrban Hotels stock. The stock was sold at an average price of $18.98, for a total transaction of $72,503.60.

LuxUrban Hotels Stock Up 2.5 %

Shares of LUXH opened at $0.25 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.39 and a current ratio of 0.39. LuxUrban Hotels Inc. has a 52 week low of $0.21 and a 52 week high of $6.88. The stock has a market capitalization of $10.96 million, a price-to-earnings ratio of -0.10 and a beta of -1.35. The stock has a fifty day moving average of $0.57 and a 200-day moving average of $2.54.

LuxUrban Hotels (NASDAQ:LUXHGet Free Report) last posted its earnings results on Monday, May 13th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.20). The firm had revenue of $29.10 million during the quarter, compared to the consensus estimate of $28.70 million. LuxUrban Hotels had a negative net margin of 77.31% and a negative return on equity of 303.00%. As a group, sell-side analysts anticipate that LuxUrban Hotels Inc. will post -0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LuxUrban Hotels

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. acquired a new stake in LuxUrban Hotels in the third quarter valued at $53,000. Russell Investments Group Ltd. acquired a new stake in LuxUrban Hotels during the 4th quarter valued at approximately $1,532,000. Jump Financial LLC bought a new position in LuxUrban Hotels during the 4th quarter worth approximately $217,000. Perritt Capital Management Inc. lifted its position in shares of LuxUrban Hotels by 684.0% in the 4th quarter. Perritt Capital Management Inc. now owns 156,800 shares of the company’s stock worth $936,000 after purchasing an additional 136,800 shares during the period. Finally, Ancora Advisors LLC boosted its stake in shares of LuxUrban Hotels by 71.9% in the 3rd quarter. Ancora Advisors LLC now owns 255,776 shares of the company’s stock valued at $1,192,000 after purchasing an additional 107,012 shares during the last quarter. 28.46% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LUXH has been the topic of a number of research analyst reports. Jonestrading reaffirmed a “buy” rating and issued a $4.00 target price (down previously from $10.00) on shares of LuxUrban Hotels in a report on Wednesday, April 17th. Maxim Group reiterated a “hold” rating on shares of LuxUrban Hotels in a research report on Wednesday, May 15th. Finally, Northland Securities cut shares of LuxUrban Hotels from an “outperform” rating to a “market perform” rating in a report on Monday, May 6th.

Get Our Latest Analysis on LUXH

About LuxUrban Hotels

(Get Free Report)

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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Insider Buying and Selling by Quarter for LuxUrban Hotels (NASDAQ:LUXH)

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