LuxUrban Hotels (NASDAQ:LUXH) Stock Rating Lowered by Northland Securities

Northland Securities lowered shares of LuxUrban Hotels (NASDAQ:LUXH) from an outperform rating to a market perform rating in a research report released on Monday morning, Marketbeat.com reports.

Separately, Jonestrading reiterated a buy rating and issued a $4.00 price objective (down previously from $10.00) on shares of LuxUrban Hotels in a report on Wednesday, April 17th.

LuxUrban Hotels Stock Down 9.0 %

Shares of NASDAQ:LUXH opened at $0.70 on Monday. LuxUrban Hotels has a fifty-two week low of $0.69 and a fifty-two week high of $6.88. The firm’s 50 day moving average price is $1.54 and its 200 day moving average price is $3.42. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.23. The stock has a market cap of $29.32 million, a price-to-earnings ratio of -0.33 and a beta of -0.93.

LuxUrban Hotels (NASDAQ:LUXH) last announced its quarterly earnings data on Monday, April 15th. The company reported ($0.20) earnings per share for the quarter. The firm had revenue of $27.51 million during the quarter. LuxUrban Hotels had a negative net margin of 69.25% and a negative return on equity of 11.23%. As a group, equities research analysts predict that LuxUrban Hotels will post 0.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LuxUrban Hotels

A number of institutional investors and hedge funds have recently bought and sold shares of LUXH. Barclays PLC acquired a new stake in shares of LuxUrban Hotels in the third quarter valued at approximately $36,000. Citigroup Inc. acquired a new stake in LuxUrban Hotels during the 3rd quarter worth $53,000. Perritt Capital Management Inc. purchased a new position in LuxUrban Hotels during the 3rd quarter worth $93,000. Quadrature Capital Ltd acquired a new position in LuxUrban Hotels in the fourth quarter valued at $139,000. Finally, Jump Financial LLC purchased a new stake in shares of LuxUrban Hotels in the fourth quarter valued at about $217,000. 28.46% of the stock is owned by hedge funds and other institutional investors.

LuxUrban Hotels Company Profile

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.