Zweig DiMenna Associates LLC Has $4.72 Million Stake in LuxExperience B.V. – Sponsored ADR $LUXE

Zweig DiMenna Associates LLC grew its stake in shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) by 15.2% in the first quarter, HoldingsChannel.com reports. The firm owned 590,000 shares of the company’s stock after purchasing an additional 78,000 shares during the period. Zweig DiMenna Associates LLC’s holdings in LuxExperience B.V. were worth $4,720,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Luxor Capital Group LP bought a new position in shares of LuxExperience B.V. in the third quarter valued at approximately $5,834,000. Capricorn Fund Managers Ltd bought a new stake in LuxExperience B.V. during the fourth quarter worth $6,303,000. Nixon Capital LLC bought a new stake in LuxExperience B.V. during the fourth quarter worth $10,711,000. GSA Capital Partners LLP raised its position in LuxExperience B.V. by 586.2% in the 4th quarter. GSA Capital Partners LLP now owns 170,290 shares of the company’s stock valued at $1,422,000 after buying an additional 145,472 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in LuxExperience B.V. in the 4th quarter valued at $125,000. 10.07% of the stock is owned by institutional investors.

LuxExperience B.V. Stock Up 2.0%

LUXE opened at $7.82 on Wednesday. LuxExperience B.V. – Sponsored ADR has a twelve month low of $6.54 and a twelve month high of $11.38. The company’s 50-day moving average price is $7.59 and its two-hundred day moving average price is $8.25. The stock has a market cap of $670.26 million, a price-to-earnings ratio of 1.91 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 2.33 and a debt-to-equity ratio of 0.13.

Wall Street Analysts Forecast Growth

LUXE has been the topic of several recent analyst reports. TD Cowen dropped their price objective on LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Wall Street Zen downgraded shares of LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a report on Monday, May 18th. Weiss Ratings lowered shares of LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. cut their price target on shares of LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, LuxExperience B.V. currently has an average rating of “Hold” and an average price target of $9.50.

LuxExperience B.V. Company Profile

MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, the rest of Europe, and internationally. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.