LuxUrban Hotels (NASDAQ:LUXH – Get Free Report)‘s stock had its “buy” rating reaffirmed by investment analysts at Jonestrading in a report released on Wednesday, Benzinga reports. They presently have a $4.00 target price on the stock, down from their previous target price of $10.00. Jonestrading’s target price would suggest a potential upside of 339.56% from the company’s previous close.
LuxUrban Hotels Stock Down 15.0 %
Shares of LUXH opened at $0.91 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. The firm has a market cap of $38.05 million, a P/E ratio of -0.43 and a beta of -1.47. The company’s 50-day moving average price is $2.09 and its 200 day moving average price is $3.79. LuxUrban Hotels has a 12-month low of $0.73 and a 12-month high of $6.88.
Institutional Trading of LuxUrban Hotels
Several institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC purchased a new stake in shares of LuxUrban Hotels in the 3rd quarter valued at $36,000. Citigroup Inc. acquired a new stake in shares of LuxUrban Hotels during the third quarter worth about $53,000. Goldman Sachs Group Inc. purchased a new position in shares of LuxUrban Hotels in the fourth quarter valued at approximately $68,000. Citadel Advisors LLC purchased a new stake in LuxUrban Hotels during the 2nd quarter worth approximately $36,000. Finally, Renaissance Technologies LLC acquired a new stake in LuxUrban Hotels during the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 28.46% of the company’s stock.
About LuxUrban Hotels
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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