LuxUrban Hotels (NASDAQ:LUXH) Earns “Buy” Rating from Jonestrading

LuxUrban Hotels (NASDAQ:LUXH)‘s stock had its “buy” rating restated by stock analysts at Jonestrading in a research report issued on Wednesday, Benzinga reports. They currently have a $10.00 target price on the stock.

LuxUrban Hotels Stock Performance

Shares of LUXH opened at $1.38 on Wednesday. The business’s fifty day simple moving average is $2.94 and its two-hundred day simple moving average is $4.06. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.23. LuxUrban Hotels has a 12 month low of $1.31 and a 12 month high of $6.88. The company has a market cap of $50.84 million, a price-to-earnings ratio of -1.23 and a beta of -1.33.

Institutional Trading of LuxUrban Hotels

Institutional investors have recently added to or reduced their stakes in the business. Ancora Advisors LLC bought a new position in shares of LuxUrban Hotels during the 1st quarter valued at $347,000. LPL Financial LLC bought a new position in shares of LuxUrban Hotels during the 2nd quarter valued at $180,000. Geode Capital Management LLC bought a new position in shares of LuxUrban Hotels during the 2nd quarter valued at $352,000. BlackRock Inc. bought a new position in shares of LuxUrban Hotels during the 2nd quarter valued at $71,000. Finally, Renaissance Technologies LLC bought a new position in shares of LuxUrban Hotels during the 2nd quarter valued at $41,000. 28.46% of the stock is currently owned by hedge funds and other 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.