Zweig DiMenna Associates LLC Has $4.72 Million Stake in LuxExperience B.V. – Sponsored ADR $LUXE

Zweig DiMenna Associates LLC increased its position in shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) by 15.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 590,000 shares of the company’s stock after acquiring an additional 78,000 shares during the period. Zweig DiMenna Associates LLC owned about 0.69% of LuxExperience B.V. worth $4,720,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC bought a new position in LuxExperience B.V. in the fourth quarter valued at about $26,000. Larson Financial Group LLC bought a new stake in shares of LuxExperience B.V. during the fourth quarter worth about $52,000. HRT Financial LP bought a new stake in shares of LuxExperience B.V. during the fourth quarter worth about $114,000. XTX Topco Ltd acquired a new position in shares of LuxExperience B.V. in the fourth quarter valued at approximately $125,000. Finally, Americana Partners LLC acquired a new position in shares of LuxExperience B.V. in the fourth quarter valued at approximately $127,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

LuxExperience B.V. Stock Performance

Shares of LUXE stock opened at $7.82 on Wednesday. The company has a current ratio of 2.33, a quick ratio of 0.81 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $7.59 and a two-hundred day simple moving average of $8.25. LuxExperience B.V. – Sponsored ADR has a 12 month low of $6.54 and a 12 month high of $11.38. The firm has a market capitalization of $670.26 million, a PE ratio of 1.91 and a beta of 1.07.

Wall Street Analyst Weigh In

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

LuxExperience B.V. 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.