LuxUrban Hotels Inc. (NASDAQ:LUXH) CEO Brian Ferdinand Buys 50,000 Shares

LuxUrban Hotels Inc. (NASDAQ:LUXH – Get Rating) CEO Brian Ferdinand acquired 50,000 shares of the stock in a transaction dated Friday, May 19th. The shares were acquired at an average cost of $3.30 per share, with a total value of $165,000.00. Following the completion of the transaction, the chief executive officer now owns 180,825 shares in the company, valued at approximately $596,722.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

LuxUrban Hotels Stock Up 17.8 %

LUXH opened at $3.50 on Friday. The firm’s 50 day moving average is $2.80. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.36. The stock has a market cap of $113.47 million and a P/E ratio of -6.48. LuxUrban Hotels Inc. has a 52 week low of $1.24 and a 52 week high of $5.00.

LuxUrban Hotels (NASDAQ:LUXH – Get Rating) last posted its quarterly earnings data on Monday, March 27th. The company reported ($0.34) EPS for the quarter. The company had revenue of $12.95 million for the quarter. LuxUrban Hotels had a negative net margin of 23.62% and a negative return on equity of 80.87%.

Analysts Set New Price Targets

A number of analysts recently issued reports on LUXH shares. Craig Hallum started coverage on LuxUrban Hotels in a research report on Monday, April 10th. They issued a “buy” rating and a $10.00 target price for the company. Maxim Group upped their target price on LuxUrban Hotels from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, March 29th.

Hedge Funds Weigh In On LuxUrban Hotels

A hedge fund recently bought a new stake in LuxUrban Hotels stock. Ancora Advisors LLC bought a new position in shares of LuxUrban Hotels Inc. (NASDAQ:LUXH – Get Rating) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 126,071 shares of the company’s stock, valued at approximately $347,000. Ancora Advisors LLC owned approximately 0.39% of LuxUrban Hotels at the end of the most recent quarter.

About LuxUrban Hotels

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CorpHousing Group Inc acquires and manages a portfolio of short-term rental properties in metropolitan cities in the United States. The company operates properties by leveraging technology to identify, acquire, manage, and market properties to business and vacation travelers under the consumer brand, LuxUrban.