Gofen & Glossberg LLC IL raised its stake in Luxottica Group SpA (NYSE:LUX) by 2.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 168,713 shares of the company’s stock after buying an additional 4,196 shares during the period. Gofen & Glossberg LLC IL’s holdings in Luxottica Group SpA were worth $8,068,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LUX. Envestnet Asset Management Inc. boosted its stake in shares of Luxottica Group SpA by 4.0% in the first quarter. Envestnet Asset Management Inc. now owns 29,873 shares of the company’s stock valued at $1,643,000 after buying an additional 1,152 shares in the last quarter. Logan Capital Management Inc. boosted its stake in shares of Luxottica Group SpA by 21.0% in the first quarter. Logan Capital Management Inc. now owns 8,652 shares of the company’s stock valued at $476,000 after buying an additional 1,500 shares in the last quarter. Avalon Advisors LLC boosted its stake in shares of Luxottica Group SpA by 8.3% in the first quarter. Avalon Advisors LLC now owns 15,181 shares of the company’s stock valued at $835,000 after buying an additional 1,158 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Luxottica Group SpA by 1.2% in the second quarter. Fisher Asset Management LLC now owns 879,336 shares of the company’s stock valued at $41,918,000 after buying an additional 10,478 shares in the last quarter. Finally, Harding Loevner LP boosted its stake in shares of Luxottica Group SpA by 154.9% in the second quarter. Harding Loevner LP now owns 50,746 shares of the company’s stock valued at $2,479,000 after buying an additional 30,839 shares in the last quarter. 1.21% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Luxottica Group SpA (NYSE:LUX)

Shares of Luxottica Group SpA (NYSE:LUX) traded up 2.12% during trading on Monday, hitting $52.97. 355,667 shares of the stock traded hands. The company has a 50 day moving average price of $48.86 and a 200 day moving average price of $49.89. Luxottica Group SpA has a 12 month low of $44.85 and a 12 month high of $68.50. The firm has a market cap of $25.40 billion, a price-to-earnings ratio of 29.86 and a beta of 0.69.

A number of analysts have commented on the stock. Zacks Investment Research raised shares of Luxottica Group SpA from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Wednesday, September 28th. Royal Bank Of Canada cut shares of Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 8th. RBC Capital Markets cut shares of Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 8th. Bank of America Corp. reaffirmed a “sell” rating and set a $41.00 price target on shares of Luxottica Group SpA in a research report on Thursday, September 29th. Finally, Deutsche Bank AG raised shares of Luxottica Group SpA from a “hold” rating to a “buy” rating in a research report on Tuesday, September 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $48.50.

About Luxottica Group SpA

Luxottica Group S.p.A. is a holding company. The Company is engaged in the design, manufacture and distribution of fashion, luxury, sport and performance eyewear. The Company operates through two segments: manufacturing and wholesale distribution, and retail distribution. Through its manufacturing and wholesale distribution operations, the Company is engaged in design, manufacturing, wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products.

5 Day Chart for NYSE:LUX

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