LuxUrban Hotels Inc. (NASDAQ:LUXH – Free Report) – Investment analysts at Zacks Small Cap issued their Q4 2024 EPS estimates for LuxUrban Hotels in a research report issued to clients and investors on Tuesday, April 23rd. Zacks Small Cap analyst T. Kerr anticipates that the company will earn $0.06 per share for the quarter. The consensus estimate for LuxUrban Hotels’ current full-year earnings is $0.56 per share.
Separately, Jonestrading reissued a “buy” rating and issued a $4.00 price objective (down from $10.00) on shares of LuxUrban Hotels in a research report on Wednesday, April 17th.
LuxUrban Hotels Stock Performance
NASDAQ LUXH opened at $1.03 on Thursday. The firm has a market capitalization of $43.10 million, a P/E ratio of -0.48 and a beta of -1.47. The firm’s fifty day moving average price is $1.84 and its two-hundred day moving average price is $3.62. LuxUrban Hotels has a 1 year low of $0.73 and a 1 year high of $6.88. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.23.
LuxUrban Hotels (NASDAQ:LUXH – Get Free Report) last posted its quarterly earnings results on Monday, April 15th. The company reported ($0.20) earnings per share (EPS) for the quarter. LuxUrban Hotels had a negative return on equity of 11.23% and a negative net margin of 69.25%. The firm had revenue of $27.51 million for the quarter.
Hedge Funds Weigh In On LuxUrban Hotels
Several large investors have recently modified their holdings of the stock. Simplicity Wealth LLC bought a new position in shares of LuxUrban Hotels in the first quarter valued at about $98,000. Quadrature Capital Ltd bought a new position in shares of LuxUrban Hotels in the fourth quarter valued at about $139,000. Perritt Capital Management Inc. raised 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 valued at $936,000 after purchasing an additional 136,800 shares during the period. Jump Financial LLC bought a new position in shares of LuxUrban Hotels in the fourth quarter valued at about $217,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of LuxUrban Hotels in the fourth quarter valued at about $1,532,000. 28.46% of the stock is owned by institutional investors.
About LuxUrban Hotels
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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