LuxUrban Hotels Inc. (NASDAQ:LUXH – Free Report) – Zacks Small Cap issued their Q4 2024 earnings per share estimates for shares of LuxUrban Hotels in a report issued on Tuesday, April 23rd. Zacks Small Cap analyst T. Kerr forecasts that the company will post earnings of $0.06 per share for the quarter. The consensus estimate for LuxUrban Hotels’ current full-year earnings is $0.56 per share.
Separately, Jonestrading restated a “buy” rating and issued a $4.00 target price (down previously from $10.00) on shares of LuxUrban Hotels in a research note on Wednesday, April 17th.
LuxUrban Hotels Stock Performance
NASDAQ:LUXH opened at $1.14 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $47.66 million, a price-to-earnings ratio of -0.54 and a beta of -1.47. The firm’s fifty day moving average price is $1.87 and its 200 day moving average price is $3.65. LuxUrban Hotels has a 1-year low of $0.73 and a 1-year high of $6.88.
LuxUrban Hotels (NASDAQ:LUXH – Get Free Report) last announced its earnings results on Monday, April 15th. The company reported ($0.20) earnings per share for the quarter. LuxUrban Hotels had a negative net margin of 69.25% and a negative return on equity of 11.23%. The company had revenue of $27.51 million during the quarter.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. acquired a new stake in shares of LuxUrban Hotels during the 3rd quarter valued at approximately $53,000. Ancora Advisors LLC raised its stake in shares of LuxUrban Hotels by 71.9% during the 3rd 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 during the last quarter. Barclays PLC purchased a new stake in shares of LuxUrban Hotels in the 3rd quarter worth about $36,000. Calamos Advisors LLC purchased a new position in LuxUrban Hotels during the 4th quarter valued at about $714,000. Finally, Perritt Capital Management Inc. acquired 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.
LuxUrban Hotels Company Profile
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.
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