Zweig DiMenna Associates LLC Has $4.28 Million Position in LuxExperience B.V. – Sponsored ADR $LUXE

Zweig DiMenna Associates LLC lowered its stake in LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) by 31.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 512,000 shares of the company’s stock after selling 237,700 shares during the period. Zweig DiMenna Associates LLC’s holdings in LuxExperience B.V. were worth $4,275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sylebra Capital LLC acquired a new stake in shares of LuxExperience B.V. in the third quarter valued at approximately $31,351,000. Portolan Capital Management LLC acquired a new stake in shares of LuxExperience B.V. in the third quarter valued at approximately $13,271,000. Cannell Capital LLC acquired a new stake in shares of LuxExperience B.V. in the third quarter valued at approximately $8,891,000. Invesco Ltd. acquired a new stake in shares of LuxExperience B.V. in the third quarter valued at approximately $7,292,000. Finally, Capricorn Fund Managers Ltd acquired a new stake in shares of LuxExperience B.V. in the fourth quarter valued at approximately $6,303,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

Analyst Ratings Changes

LUXE has been the topic of a number of recent research reports. TD Cowen lowered their target price on shares of LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating for the company in a report on Wednesday, May 20th. JPMorgan Chase & Co. lowered their target price on shares of LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Weiss Ratings lowered shares of LuxExperience B.V. from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. Finally, Wall Street Zen lowered shares of LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $9.50.

LuxExperience B.V. Trading Up 1.5%

Shares of NYSE LUXE opened at $7.05 on Friday. The company’s fifty day moving average is $8.15 and its 200-day moving average is $8.62. The stock has a market cap of $603.75 million, a price-to-earnings ratio of 1.72 and a beta of 1.16. LuxExperience B.V. – Sponsored ADR has a twelve month low of $6.54 and a twelve month high of $11.38. The company has a quick ratio of 0.81, a current ratio of 2.33 and a debt-to-equity ratio of 0.13.

About LuxExperience B.V.

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.