LuxUrban Hotels Inc. (NASDAQ:LUXH – Get Free Report) CFO Michael C. James acquired 352,941 shares of the company’s stock in a transaction on Monday, July 15th. The shares were acquired at an average cost of $0.17 per share, for a total transaction of $59,999.97. Following the completion of the acquisition, the chief financial officer now owns 1,624,941 shares of the company’s stock, valued at $276,239.97. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
LuxUrban Hotels Stock Down 10.0 %
Shares of LUXH opened at $0.15 on Friday. The business’s 50-day moving average price is $0.27 and its 200-day moving average price is $1.83. LuxUrban Hotels Inc. has a twelve month low of $0.15 and a twelve month high of $6.88. The stock has a market cap of $6.90 million, a PE ratio of -0.07 and a beta of -1.40.
LuxUrban Hotels (NASDAQ:LUXH – Get Free Report) last announced its quarterly earnings results 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 net margin of 77.31% and a negative return on equity of 303.00%. The company had revenue of $29.10 million for the quarter, compared to the consensus estimate of $28.70 million. Analysts expect that LuxUrban Hotels Inc. will post -0.12 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on LUXH
Institutional Investors Weigh In On LuxUrban Hotels
Several hedge funds and other institutional investors have recently modified their holdings of LUXH. Russell Investments Group Ltd. bought a new position in shares of LuxUrban Hotels in the fourth quarter worth approximately $1,532,000. Perritt Capital Management Inc. increased its position in shares of LuxUrban Hotels by 684.0% in the fourth quarter. Perritt Capital Management Inc. now owns 156,800 shares of the company’s stock worth $936,000 after purchasing an additional 136,800 shares during the last quarter. Calamos Advisors LLC bought a new position in shares of LuxUrban Hotels in the fourth quarter worth approximately $714,000. Simplicity Wealth LLC bought a new position in shares of LuxUrban Hotels in the first quarter worth approximately $98,000. Finally, Bleakley Financial Group LLC bought a new position in shares of LuxUrban Hotels in the first quarter worth approximately $98,000. 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.
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