LuxUrban Hotels Inc. (NASDAQ:LUXH) Director Sells $276,674.19 in Stock

LuxUrban Hotels Inc. (NASDAQ:LUXH) Director Brian Ferdinand sold 709,421 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $0.39, for a total transaction of $276,674.19. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Brian Ferdinand also recently made the following trade(s):

• On Tuesday, May 28th, Brian Ferdinand sold 3,820 shares of LuxUrban Hotels stock. The shares were sold at an average price of $18.98, for a total transaction of $72,503.60.

LuxUrban Hotels Stock Up 2.5 %

Shares of NASDAQ:LUXH opened at $0.25 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.39. The firm has a market capitalization of $10.96 million, a PE ratio of -0.10 and a beta of -1.35. The firm’s 50-day moving average is $0.57 and its two-hundred day moving average is $2.54. LuxUrban Hotels Inc. has a 1 year low of $0.21 and a 1 year high of $6.88.

LuxUrban Hotels (NASDAQ:LUXH) last issued its quarterly earnings results on Monday, May 13th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.20). The business had revenue of $29.10 million for the quarter, compared to analysts’ expectations of $28.70 million. LuxUrban Hotels had a negative return on equity of 303.00% and a negative net margin of 77.31%. Analysts predict that LuxUrban Hotels Inc. will post -0.12 EPS for the current year.

Institutional Trading of LuxUrban Hotels

A number of institutional investors and hedge funds have recently bought and sold shares of LUXH. Russell Investments Group Ltd. purchased a new stake in LuxUrban Hotels during the fourth quarter worth about $1,532,000. Perritt Capital Management Inc. grew its position in shares of LuxUrban Hotels by 684.0% during the fourth quarter. Perritt Capital Management Inc. now owns 156,800 shares of the company’s stock worth $936,000 after buying an additional 136,800 shares in the last quarter. Calamos Advisors LLC acquired a new position in shares of LuxUrban Hotels during the fourth quarter worth about $714,000. EAM Investors LLC acquired a new position in shares of LuxUrban Hotels during the third quarter worth about $537,000. Finally, Ancora Advisors LLC grew its position in shares of LuxUrban Hotels by 71.9% during the third quarter. Ancora Advisors LLC now owns 255,776 shares of the company’s stock worth $1,192,000 after buying an additional 107,012 shares in the last quarter. 28.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Maxim Group restated a “hold” rating on shares of LuxUrban Hotels in a report on Wednesday, May 15th. Northland Securities lowered shares of LuxUrban Hotels from an “outperform” rating to a “market perform” rating in a report on Monday, May 6th. Finally, Jonestrading restated a “buy” rating and issued a $4.00 price objective (down from $10.00) on shares of LuxUrban Hotels in a report on Wednesday, April 17th.

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.