LuxUrban Hotels (NASDAQ:LUXH) Stock Rating Reaffirmed by Jonestrading

Posted by Lauren Steadman on Apr 19th, 2024

LuxUrban Hotels (NASDAQ:LUXH – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at Jonestrading in a report released on Wednesday, Benzinga reports. They currently have a $4.00 price target on the stock, down from their prior price target of $10.00. Jonestrading’s price target indicates a potential upside of 339.56% from the company’s previous close.

LuxUrban Hotels Stock Down 15.0 %

NASDAQ:LUXH opened at $0.91 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $38.05 million, a PE ratio of -0.43 and a beta of -1.47. The company has a 50-day moving average of $2.09 and a 200 day moving average of $3.79. LuxUrban Hotels has a 1-year low of $0.73 and a 1-year high of $6.88.

Institutional Trading of LuxUrban Hotels

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC purchased a new stake in shares of LuxUrban Hotels during the 3rd quarter worth $36,000. Citadel Advisors LLC bought a new stake in shares of LuxUrban Hotels in the 2nd quarter valued at about $36,000. Renaissance Technologies LLC purchased a new position in shares of LuxUrban Hotels in the 2nd quarter worth approximately $41,000. Citigroup Inc. bought a new position in shares of LuxUrban Hotels during the 3rd quarter worth approximately $53,000. Finally, Goldman Sachs Group Inc. purchased a new stake in LuxUrban Hotels during the fourth quarter valued at approximately $68,000. Institutional investors own 28.46% of the company’s stock.

LuxUrban Hotels Company Profile

(Get Free Report)

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.