LuxUrban Hotels Inc. to Post Q4 2024 Earnings of $0.06 Per Share, Zacks Small Cap Forecasts (NASDAQ:LUXH)

LuxUrban Hotels Inc. (NASDAQ:LUXH) – Equities research analysts at Zacks Small Cap issued their Q4 2024 EPS estimates for LuxUrban Hotels in a note issued to investors on Tuesday, April 23rd. Zacks Small Cap analyst T. Kerr anticipates that the company will post earnings per share of $0.06 for the quarter. The consensus estimate for LuxUrban Hotels’ current full-year earnings is $0.56 per share.

Separately, Jonestrading reaffirmed a “buy” rating and issued a $4.00 target price (down from $10.00) on shares of LuxUrban Hotels in a research report on Wednesday, April 17th.

LuxUrban Hotels Stock Up 9.2 %

Shares of NASDAQ:LUXH opened at $0.95 on Thursday. LuxUrban Hotels has a 1 year low of $0.73 and a 1 year high of $6.88. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $1.91 and a 200 day simple moving average of $3.66.

LuxUrban Hotels (NASDAQ:LUXH) last released its earnings results on Monday, April 15th. The company reported ($0.20) earnings per share (EPS) for the quarter. LuxUrban Hotels had a negative return on equity of 11.23% and a negative net margin of 69.25%. The company had revenue of $27.51 million during the quarter.

Institutional Trading of LuxUrban Hotels

Large investors have recently added to or reduced their stakes in the business. Barclays PLC bought a new position in shares of LuxUrban Hotels during the 3rd quarter valued at $36,000. EAM Investors LLC acquired a new stake in shares of LuxUrban Hotels in the third quarter worth about $537,000. Ancora Advisors LLC boosted its stake in shares of LuxUrban Hotels by 71.9% during the 3rd quarter. Ancora Advisors LLC now owns 255,776 shares of the company’s stock worth $1,192,000 after acquiring an additional 107,012 shares in the last quarter. Perritt Capital Management Inc. acquired a new position in shares of LuxUrban Hotels during the 3rd quarter valued at about $93,000. Finally, Citigroup Inc. bought a new position in shares of LuxUrban Hotels in the 3rd quarter valued at approximately $53,000. 28.46% of the stock is owned by institutional investors.

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.