Solas Capital Management LLC Takes $2.56 Million Position in LuxExperience B.V. – Sponsored ADR $LUXE

Solas Capital Management LLC purchased a new position in shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 344,529 shares of the company’s stock, valued at approximately $2,560,000. LuxExperience B.V. comprises 1.4% of Solas Capital Management LLC’s portfolio, making the stock its 18th biggest position.

Several other large investors also recently bought and sold shares of the business. Stoic Point Capital Management LLC increased its holdings in shares of LuxExperience B.V. by 58.8% in the first quarter. Stoic Point Capital Management LLC now owns 1,640,509 shares of the company’s stock valued at $13,124,000 after purchasing an additional 607,240 shares during the last quarter. DJE Kapital AG purchased a new stake in LuxExperience B.V. in the 1st quarter valued at $6,119,000. Luxor Capital Group LP grew its holdings in LuxExperience B.V. by 11.9% in the 1st quarter. Luxor Capital Group LP now owns 920,435 shares of the company’s stock valued at $7,363,000 after buying an additional 98,200 shares in the last quarter. Nixon Capital LLC acquired a new stake in shares of LuxExperience B.V. in the 4th quarter worth $10,711,000. Finally, Zweig DiMenna Associates LLC increased its stake in shares of LuxExperience B.V. by 15.2% in the 1st quarter. Zweig DiMenna Associates LLC now owns 590,000 shares of the company’s stock worth $4,720,000 after acquiring an additional 78,000 shares during the last quarter. Hedge funds and other institutional investors own 10.07% of the company’s stock.

LuxExperience B.V. Stock Down 0.8%

Shares of NYSE:LUXE opened at $7.30 on Thursday. The firm has a market capitalization of $625.61 million, a PE ratio of 1.78 and a beta of 1.06. LuxExperience B.V. – Sponsored ADR has a 1 year low of $6.54 and a 1 year high of $11.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.33 and a quick ratio of 0.81. The firm’s 50-day moving average is $7.88 and its two-hundred day moving average is $8.07.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research report on Monday, May 18th. TD Cowen lifted their target price on shares of LuxExperience B.V. from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of LuxExperience B.V. in a report on Friday, August 28th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $9.75.

About LuxExperience B.V.

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.