Luxor Capital Group LP Invests $5.83 Million in LuxExperience B.V. – Sponsored ADR $LUXE

Luxor Capital Group LP acquired a new stake in LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 686,404 shares of the company’s stock, valued at approximately $5,834,000.

Other institutional investors have also added to or reduced their stakes in the company. State of Wyoming bought a new stake in LuxExperience B.V. during the third quarter worth $49,000. GSA Capital Partners LLP bought a new position in shares of LuxExperience B.V. in the 3rd quarter valued at $211,000. Zweig DiMenna Associates LLC acquired a new position in shares of LuxExperience B.V. during the 3rd quarter worth $6,372,000. Fiscal Wisdom Wealth Management LLC acquired a new position in shares of LuxExperience B.V. during the 3rd quarter worth $236,000. Finally, R Squared Ltd bought a new stake in shares of LuxExperience B.V. during the 3rd quarter worth $140,000. 10.07% of the stock is currently owned by institutional investors and hedge funds.

LuxExperience B.V. Price Performance

NYSE:LUXE opened at $8.24 on Tuesday. LuxExperience B.V. – Sponsored ADR has a one year low of $6.18 and a one year high of $11.38. The company has a current ratio of 2.12, a quick ratio of 0.83 and a debt-to-equity ratio of 0.12. The firm has a market cap of $706.17 million, a P/E ratio of 1.91 and a beta of 1.08. The stock’s 50 day simple moving average is $8.75.

Analyst Upgrades and Downgrades

LUXE has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered LuxExperience B.V. from an “overweight” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research note on Wednesday, February 18th. Jefferies Financial Group started coverage on LuxExperience B.V. in a research note on Wednesday, January 14th. They set a “hold” rating and a $9.00 target price for the company. Zacks Research cut shares of LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. Weiss Ratings restated a “hold (c-)” rating on shares of LuxExperience B.V. in a research note on Monday, December 29th. Finally, B. Riley Financial started coverage on shares of LuxExperience B.V. in a report on Thursday, January 15th. They set a “buy” rating and a $12.00 price target on the stock. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.33.

LuxExperience B.V. Profile

MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, the rest of Europe, and internationally. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.