Q3 2024 Earnings Estimate for LuxUrban Hotels Inc. Issued By Northland Capmk (NASDAQ:LUXH)

LuxUrban Hotels Inc. (NASDAQ:LUXH) – Research analysts at Northland Capmk decreased their Q3 2024 earnings per share (EPS) estimates for shares of LuxUrban Hotels in a report issued on Monday, May 6th. Northland Capmk analyst N. Chokshi now expects that the company will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.07. The consensus estimate for LuxUrban Hotels’ current full-year earnings is $0.30 per share. Northland Capmk also issued estimates for LuxUrban Hotels’ Q3 2025 earnings at $0.07 EPS and Q4 2025 earnings at $0.07 EPS.

A number of other analysts have also recently weighed in on LUXH. Jonestrading reaffirmed a “buy” rating and issued a $4.00 price target (down previously from $10.00) on shares of LuxUrban Hotels in a research report on Wednesday, April 17th. Northland Securities lowered LuxUrban Hotels from an “outperform” rating to a “market perform” rating in a report on Monday.

LuxUrban Hotels Stock Down 6.9 %

LUXH stock opened at $0.77 on Tuesday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.23. The firm has a market cap of $32.22 million, a PE ratio of -0.36 and a beta of -0.93. LuxUrban Hotels has a 1 year low of $0.71 and a 1 year high of $6.88. The company has a fifty day simple moving average of $1.57 and a 200 day simple moving average of $3.44.

LuxUrban Hotels (NASDAQ:LUXH) last posted its earnings results on Monday, April 15th. The company reported ($0.20) EPS for the quarter. LuxUrban Hotels had a negative return on equity of 11.23% and a negative net margin of 69.25%. The business had revenue of $27.51 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LUXH. Citigroup Inc. acquired a new stake in shares of LuxUrban Hotels in the third quarter valued at about $53,000. Ancora Advisors LLC grew its holdings in LuxUrban Hotels by 71.9% in the 3rd quarter. Ancora Advisors LLC now owns 255,776 shares of the company’s stock valued at $1,192,000 after buying an additional 107,012 shares during the last quarter. Barclays PLC bought a new position in LuxUrban Hotels in the 3rd quarter worth approximately $36,000. Calamos Advisors LLC acquired a new position in shares of LuxUrban Hotels during the fourth quarter worth approximately $714,000. Finally, Perritt Capital Management Inc. bought a new stake in shares of LuxUrban Hotels in the third quarter valued at approximately $93,000. Institutional investors and hedge funds own 28.46% of the company’s stock.

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.