Zweig DiMenna Associates LLC Has $4.28 Million Stock Holdings in LuxExperience B.V. – Sponsored ADR $LUXE

Zweig DiMenna Associates LLC lessened its holdings in LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) by 31.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 512,000 shares of the company’s stock after selling 237,700 shares during the period. Zweig DiMenna Associates LLC owned approximately 0.60% of LuxExperience B.V. worth $4,275,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LUXE. Sylebra Capital LLC acquired a new position in LuxExperience B.V. in the third quarter worth about $31,351,000. Portolan Capital Management LLC acquired a new position in LuxExperience B.V. in the third quarter worth about $13,271,000. Cannell Capital LLC acquired a new position in LuxExperience B.V. in the third quarter worth about $8,891,000. Invesco Ltd. acquired a new position in LuxExperience B.V. in the third quarter worth about $7,292,000. Finally, Capricorn Fund Managers Ltd acquired a new position in LuxExperience B.V. in the fourth quarter worth about $6,303,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

LuxExperience B.V. Stock Performance

Shares of LuxExperience B.V. stock opened at $7.05 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.33 and a quick ratio of 0.81. The firm has a market cap of $603.75 million, a P/E ratio of 1.72 and a beta of 1.16. The firm has a 50 day simple moving average of $8.15 and a 200 day simple moving average of $8.62. LuxExperience B.V. – Sponsored ADR has a fifty-two week low of $6.54 and a fifty-two week high of $11.38.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LUXE. Wall Street Zen cut shares of LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research note on Monday, May 18th. Weiss Ratings cut shares of LuxExperience B.V. from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. TD Cowen decreased their price objective on shares of LuxExperience B.V. from $12.00 to $8.00 and set a “buy” rating on the stock in a research note on Wednesday, May 20th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, LuxExperience B.V. has an average rating of “Hold” and a consensus price target of $9.50.

LuxExperience B.V. Company Profile

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.