LuxUrban Hotels Inc. (NASDAQ:LUXH - Get Free Report) Director Brian Ferdinand sold 709,421 shares of LuxUrban Hotels stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $0.39, for a total value of $276,674.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Brian Ferdinand also recently made the following trade(s):
- On Tuesday, May 28th, Brian Ferdinand sold 3,820 shares of LuxUrban Hotels stock. The shares were sold at an average price of $18.98, for a total value of $72,503.60.
LuxUrban Hotels Stock Up 3.3 %
Shares of NASDAQ LUXH opened at $0.24 on Tuesday. The company has a market capitalization of $10.70 million, a price-to-earnings ratio of -0.10 and a beta of -1.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.39. The business has a 50-day moving average of $0.63 and a two-hundred day moving average of $2.61. LuxUrban Hotels Inc. has a 1 year low of $0.21 and a 1 year high of $6.88.
LuxUrban Hotels (NASDAQ:LUXH - Get Free Report) last announced its quarterly earnings results on Monday, May 13th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.20). LuxUrban Hotels had a negative return on equity of 303.00% and a negative net margin of 77.31%. The business had revenue of $29.10 million for the quarter, compared to analysts' expectations of $28.70 million. On average, analysts forecast that LuxUrban Hotels Inc. will post -0.12 earnings per share for the current fiscal year.
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LUXH has been the subject of a number of recent research reports. Maxim Group reiterated a "hold" rating on shares of LuxUrban Hotels in a report on Wednesday, May 15th. Jonestrading reiterated a "buy" rating and issued a $4.00 target price (down from $10.00) on shares of LuxUrban Hotels in a report on Wednesday, April 17th. Finally, Northland Securities downgraded LuxUrban Hotels from an "outperform" rating to a "market perform" rating in a report on Monday, May 6th.
Read Our Latest Stock Report on LuxUrban Hotels
Institutional Trading of LuxUrban Hotels
Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC acquired a new stake in shares of LuxUrban Hotels during the third quarter worth about $36,000. Citigroup Inc. acquired a new position in LuxUrban Hotels during the 3rd quarter worth approximately $53,000. Perritt Capital Management Inc. acquired a new position in LuxUrban Hotels during the 3rd quarter worth approximately $93,000. Simplicity Wealth LLC acquired a new position in LuxUrban Hotels during the 1st quarter worth approximately $98,000. Finally, Bleakley Financial Group LLC acquired a new position in LuxUrban Hotels during the 1st quarter worth approximately $98,000. Institutional investors and hedge funds own 28.46% of the company's stock.
LuxUrban Hotels Company Profile
(
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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