LuxExperience B.V. – Sponsored ADR $LUXE Shares Acquired by Luxor Capital Group LP

Luxor Capital Group LP lifted its stake in shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) by 11.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 920,435 shares of the company’s stock after acquiring an additional 98,200 shares during the quarter. LuxExperience B.V. accounts for about 0.5% of Luxor Capital Group LP’s portfolio, making the stock its 20th largest position. Luxor Capital Group LP’s holdings in LuxExperience B.V. were worth $7,363,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. UBS Group AG purchased a new position in LuxExperience B.V. in the third quarter valued at $1,166,000. Invesco Ltd. purchased a new stake in LuxExperience B.V. during the 3rd quarter worth about $7,292,000. Sylebra Capital LLC purchased a new stake in LuxExperience B.V. during the 3rd quarter worth about $31,351,000. Boothbay Fund Management LLC acquired a new stake in LuxExperience B.V. in the 3rd quarter valued at about $1,705,000. Finally, Millennium Management LLC acquired a new stake in LuxExperience B.V. in the 3rd quarter valued at about $134,000. 10.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on LUXE. TD Cowen lowered their price objective on LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating for the company in a research report on Wednesday, May 20th. Weiss Ratings cut shares of LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. reduced their target price on shares of LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Finally, Wall Street Zen downgraded shares of LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $9.50.

LuxExperience B.V. Trading Up 0.6%

NYSE:LUXE opened at $8.01 on Friday. The stock has a 50-day simple moving average of $7.57 and a 200-day simple moving average of $8.23. The stock has a market cap of $686.11 million, a P/E ratio of 1.96 and a beta of 1.07. LuxExperience B.V. – Sponsored ADR has a 1 year low of $6.54 and a 1 year high of $11.38. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 2.33.

About LuxExperience B.V.

MYT Netherlands Parent B.V., through its subsidiary, Mytheresa Group GmbH, operates a luxury e-commerce platform for fashion consumers in Germany, the United States, the rest of Europe, and internationally. The company sells clothes, bags, shoes, accessories, and fine jewelry through online and retail stores. It serves high-income luxury consumers. The company was founded in 1987 and is based in Munich, Germany.