SPX Gestao de Recursos Ltda Buys New Shares in LuxExperience B.V. – Sponsored ADR $LUXE

SPX Gestao de Recursos Ltda purchased a new position in shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 373,910 shares of the company’s stock, valued at approximately $3,178,000. SPX Gestao de Recursos Ltda owned 0.44% of LuxExperience B.V. as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. R Squared Ltd acquired a new position in shares of LuxExperience B.V. in the 3rd quarter valued at about $140,000. Fiscal Wisdom Wealth Management LLC acquired a new stake in LuxExperience B.V. during the 3rd quarter worth approximately $236,000. Zweig DiMenna Associates LLC acquired a new stake in LuxExperience B.V. during the 3rd quarter worth approximately $6,372,000. GSA Capital Partners LLP purchased a new position in LuxExperience B.V. in the third quarter valued at approximately $211,000. Finally, State of Wyoming acquired a new position in LuxExperience B.V. during the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

LuxExperience B.V. Price Performance

LuxExperience B.V. stock opened at $8.98 on Friday. LuxExperience B.V. – Sponsored ADR has a 12-month low of $6.18 and a 12-month high of $11.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.12 and a quick ratio of 0.83. The stock has a market cap of $769.59 million, a P/E ratio of 2.08 and a beta of 1.08. The business’s fifty day moving average price is $8.74.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Zacks Research downgraded shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. B. Riley Financial assumed coverage on shares of LuxExperience B.V. in a report on Thursday, January 15th. They set a “buy” rating and a $12.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LuxExperience B.V. in a research report on Monday, December 29th. Jefferies Financial Group initiated coverage on LuxExperience B.V. in a research report on Wednesday, January 14th. They issued a “hold” rating and a $9.00 price objective on the stock. Finally, JPMorgan Chase & Co. downgraded LuxExperience B.V. from an “overweight” rating to a “neutral” rating and set a $10.00 target price for the company. in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $10.33.

LuxExperience B.V. Profile

MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, the rest of Europe, and internationally. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.