Northland Capmk Comments on LuxUrban Hotels Inc.’s Q3 2024 Earnings (NASDAQ:LUXH)

LuxUrban Hotels Inc. (NASDAQ:LUXH) – Investment analysts at Northland Capmk lowered their Q3 2024 EPS estimates for shares of LuxUrban Hotels in a research note issued on Monday, May 6th. Northland Capmk analyst N. Chokshi now expects that the company will post earnings of $0.05 per share for the quarter, down from their prior forecast of $0.07. The consensus estimate for LuxUrban Hotels’ current full-year earnings is $0.30 per share. Northland Capmk also issued estimates for LuxUrban Hotels’ Q3 2025 earnings at $0.07 EPS and Q4 2025 earnings at $0.07 EPS.

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

Other equities research analysts have also recently issued research reports about the stock. Jonestrading restated a “buy” rating and set a $4.00 target price (down previously from $10.00) on shares of LuxUrban Hotels in a research note on Wednesday, April 17th. Northland Securities downgraded shares of LuxUrban Hotels from an “outperform” rating to a “market perform” rating in a research report on Monday.

LuxUrban Hotels Stock Down 9.0 %

LUXH stock opened at $0.70 on Tuesday. The business’s 50-day moving average price is $1.54 and its 200-day moving average price is $3.42. The stock has a market cap of $29.32 million, a P/E ratio of -0.33 and a beta of -0.93. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.23. LuxUrban Hotels has a twelve month low of $0.69 and a twelve month high of $6.88.

Hedge Funds Weigh In On LuxUrban Hotels

Several hedge funds have recently added to or reduced their stakes in LUXH. Citigroup Inc. purchased a new stake in LuxUrban Hotels during the third quarter worth $53,000. Ancora Advisors LLC boosted its position in LuxUrban Hotels by 71.9% during the third quarter. Ancora Advisors LLC now owns 255,776 shares of the company’s stock worth $1,192,000 after purchasing an additional 107,012 shares in the last quarter. Barclays PLC acquired a new stake in LuxUrban Hotels in the third quarter valued at approximately $36,000. Calamos Advisors LLC purchased a new stake in shares of LuxUrban Hotels in the fourth quarter valued at approximately $714,000. Finally, Perritt Capital Management Inc. purchased a new stake in shares of LuxUrban Hotels in the third quarter valued at approximately $93,000. 28.46% of the stock is currently owned by 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.