LuxUrban Hotels (NASDAQ:LUXH) Given “Buy” Rating at Jonestrading

Jonestrading restated their buy rating on shares of LuxUrban Hotels (NASDAQ:LUXH) in a research note published on Wednesday morning, Benzinga reports. They currently have a $4.00 price objective on the stock, down from their prior price objective of $10.00.

LuxUrban Hotels Price Performance

NASDAQ LUXH opened at $1.07 on Wednesday. The company has a market cap of $39.42 million, a price-to-earnings ratio of -0.50 and a beta of -1.47. 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 stock’s fifty day moving average price is $2.13 and its 200 day moving average price is $3.81. LuxUrban Hotels has a 1 year low of $0.73 and a 1 year high of $6.88.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Barclays PLC acquired a new position in LuxUrban Hotels in the 3rd quarter worth approximately $36,000. Citadel Advisors LLC purchased a new position in shares of LuxUrban Hotels during the second quarter worth $36,000. Renaissance Technologies LLC purchased a new position in shares of LuxUrban Hotels during the second quarter worth $41,000. Citigroup Inc. acquired a new position in LuxUrban Hotels during the third quarter valued at $53,000. Finally, Goldman Sachs Group Inc. purchased a new stake in LuxUrban Hotels in the fourth quarter valued at $68,000. 28.46% of the stock is currently owned by hedge funds and other institutional investors.

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.