SPX Gestao de Recursos Ltda Makes New Investment in LuxExperience B.V. – Sponsored ADR $LUXE

SPX Gestao de Recursos Ltda bought a new stake in LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 373,910 shares of the company’s stock, valued at approximately $3,178,000.

A number of other hedge funds have also made changes to their positions in LUXE. State of Wyoming acquired a new stake in LuxExperience B.V. in the third quarter valued at $49,000. R Squared Ltd bought a new stake in shares of LuxExperience B.V. in the 3rd quarter worth about $140,000. GSA Capital Partners LLP bought a new stake in shares of LuxExperience B.V. in the 3rd quarter worth about $211,000. Fiscal Wisdom Wealth Management LLC acquired a new stake in shares of LuxExperience B.V. in the 3rd quarter valued at about $236,000. Finally, Zweig DiMenna Associates LLC bought a new position in shares of LuxExperience B.V. during the third quarter worth about $6,372,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on LUXE. JPMorgan Chase & Co. downgraded LuxExperience B.V. from an “overweight” rating to a “neutral” rating and set a $10.00 price target for the company. in a research note on Wednesday, February 18th. Zacks Research downgraded LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a report on Monday, January 26th. B. Riley Financial began coverage on LuxExperience B.V. in a research report on Thursday, January 15th. They issued a “buy” rating and a $12.00 target price for the company. Weiss Ratings reissued a “hold (c-)” rating on shares of LuxExperience B.V. in a research report on Monday, December 29th. Finally, Jefferies Financial Group initiated coverage on LuxExperience B.V. in a research note on Wednesday, January 14th. They set a “hold” rating and a $9.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.33.

LuxExperience B.V. Stock Down 4.3%

Shares of NYSE LUXE opened at $8.98 on Friday. The company has a quick ratio of 0.83, a current ratio of 2.12 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $8.74. LuxExperience B.V. – Sponsored ADR has a 52-week low of $6.18 and a 52-week high of $11.38. The company has a market capitalization of $769.59 million, a PE ratio of 2.08 and a beta of 1.08.

LuxExperience B.V. Company 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.