LuxUrban Hotels Inc. (NASDAQ:LUXH) Director Leonard Toboroff Purchases 147,058 Shares

LuxUrban Hotels Inc. (NASDAQ:LUXH) Director Leonard Toboroff bought 147,058 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were bought at an average price of $0.17 per share, with a total value of $24,999.86. Following the purchase, the director now owns 1,143,691 shares in the company, valued at approximately $194,427.47. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

LuxUrban Hotels Price Performance

LuxUrban Hotels stock traded down $0.01 during midday trading on Wednesday, hitting $0.19. The company’s stock had a trading volume of 2,256,172 shares, compared to its average volume of 1,041,023. LuxUrban Hotels Inc. has a 1-year low of $0.16 and a 1-year high of $6.88. The company has a 50-day moving average price of $0.30 and a two-hundred day moving average price of $1.89. The company has a market cap of $8.66 million, a price-to-earnings ratio of -0.08 and a beta of -1.40.

LuxUrban Hotels (NASDAQ:LUXH) last issued its quarterly earnings data on Monday, May 13th. The company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.20). LuxUrban Hotels had a negative return on equity of 303.00% and a negative net margin of 77.31%. The business had revenue of $29.10 million during the quarter, compared to analyst estimates of $28.70 million. Sell-side analysts forecast that LuxUrban Hotels Inc. will post -0.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Maxim Group restated a “hold” rating on shares of LuxUrban Hotels in a research note on Wednesday, May 15th. 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. Finally, Northland Securities cut shares of LuxUrban Hotels from an “outperform” rating to a “market perform” rating in a research note on Monday, May 6th.

Hedge Funds Weigh In On LuxUrban Hotels

Hedge funds have recently bought and sold shares of the company. Citigroup Inc. bought a new position in LuxUrban Hotels in the 3rd quarter valued at about $53,000. Simplicity Wealth LLC bought a new position in LuxUrban Hotels in the 1st quarter valued at about $98,000. Bleakley Financial Group LLC bought a new stake in shares of LuxUrban Hotels during the 1st quarter valued at approximately $98,000. Quadrature Capital Ltd bought a new stake in shares of LuxUrban Hotels during the 4th quarter valued at approximately $139,000. Finally, Jump Financial LLC bought a new stake in shares of LuxUrban Hotels during the 4th quarter valued at approximately $217,000. 28.46% of the stock is 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.