LuxUrban Hotels (NASDAQ:LUXH) Earns Buy Rating from Jonestrading

Jonestrading reaffirmed their buy rating on shares of LuxUrban Hotels (NASDAQ:LUXH) in a research note published on Wednesday, Benzinga reports. Jonestrading currently has a $4.00 target price on the stock, down from their previous target price of $10.00.

LuxUrban Hotels Stock Down 6.1 %

LUXH opened at $0.85 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $35.74 million, a price-to-earnings ratio of -0.40 and a beta of -1.47. The business has a 50-day moving average of $2.04 and a two-hundred day moving average of $3.76. LuxUrban Hotels has a 12 month low of $0.73 and a 12 month high of $6.88.

Institutional Trading of LuxUrban Hotels

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC purchased a new stake in LuxUrban Hotels in the 3rd quarter valued at about $36,000. Citigroup Inc. purchased a new stake in LuxUrban Hotels in the 3rd quarter valued at about $53,000. Goldman Sachs Group Inc. purchased a new stake in LuxUrban Hotels in the 4th quarter valued at about $68,000. Citadel Advisors LLC purchased a new stake in LuxUrban Hotels in the 2nd quarter valued at about $36,000. Finally, Renaissance Technologies LLC purchased a new stake in LuxUrban Hotels in the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 28.46% of the company’s stock.

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.