LuxUrban Hotels Inc. (NASDAQ:LUXH – Free Report) – Investment analysts at Zacks Small Cap issued their Q4 2024 earnings estimates for LuxUrban Hotels in a research note issued to investors on Tuesday, April 23rd. Zacks Small Cap analyst T. Kerr expects that the company will post earnings per share of $0.06 for the quarter. The consensus estimate for LuxUrban Hotels’ current full-year earnings is $0.56 per share.
Separately, Jonestrading reaffirmed a “buy” rating and issued a $4.00 price objective (down previously from $10.00) on shares of LuxUrban Hotels in a research note on Wednesday, April 17th.
LuxUrban Hotels Trading Down 9.6 %
LuxUrban Hotels stock opened at $1.03 on Thursday. The company has a 50 day moving average price of $1.84 and a 200 day moving average price of $3.62. LuxUrban Hotels has a 52 week low of $0.73 and a 52 week high of $6.88. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market capitalization of $43.10 million, a price-to-earnings ratio of -0.48 and a beta of -1.47.
LuxUrban Hotels (NASDAQ:LUXH – Get Free Report) last posted its quarterly earnings data on Monday, April 15th. The company reported ($0.20) EPS for the quarter. LuxUrban Hotels had a negative return on equity of 11.23% and a negative net margin of 69.25%. The firm had revenue of $27.51 million during the quarter.
Hedge Funds Weigh In On LuxUrban Hotels
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LUXH. Barclays PLC purchased a new stake in LuxUrban Hotels in the 3rd quarter worth approximately $36,000. EAM Investors LLC purchased a new stake in LuxUrban Hotels in the 3rd quarter worth approximately $537,000. Ancora Advisors LLC lifted its position in LuxUrban Hotels by 71.9% in 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 in the last quarter. Perritt Capital Management Inc. purchased a new stake in LuxUrban Hotels in the 3rd quarter worth approximately $93,000. Finally, Citigroup Inc. purchased a new stake in LuxUrban Hotels in the 3rd quarter worth approximately $53,000. Institutional investors and hedge funds own 28.46% of the company’s stock.
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.
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