Shares of Luxottica Group, S.p.A. (OTCMKTS:LUXTY) have earned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company.

A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Luxottica Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Royal Bank Of Canada lowered shares of Luxottica Group from a “sector perform” rating to an “underperform” rating in a research report on Thursday, September 21st. Finally, Societe Generale lowered shares of Luxottica Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th.

Luxottica Group (OTCMKTS LUXTY) opened at $60.00 on Thursday. Luxottica Group has a 12 month low of $49.74 and a 12 month high of $62.57. The company has a current ratio of 1.53, a quick ratio of 1.10 and a debt-to-equity ratio of 0.32.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bluestein R H & Co. lifted its position in shares of Luxottica Group by 6.5% during the third quarter. Bluestein R H & Co. now owns 16,503 shares of the company’s stock valued at $920,000 after purchasing an additional 1,000 shares in the last quarter. BB&T Securities LLC bought a new stake in Luxottica Group in the third quarter worth about $1,133,000. Kornitzer Capital Management Inc. KS raised its position in Luxottica Group by 2.3% in the third quarter. Kornitzer Capital Management Inc. KS now owns 351,950 shares of the company’s stock worth $19,676,000 after acquiring an additional 7,895 shares during the period. Boston Financial Mangement LLC raised its position in Luxottica Group by 0.9% in the third quarter. Boston Financial Mangement LLC now owns 308,125 shares of the company’s stock worth $17,172,000 after acquiring an additional 2,837 shares during the period. Finally, Eqis Capital Management Inc. raised its position in Luxottica Group by 18.5% in the third quarter. Eqis Capital Management Inc. now owns 11,682 shares of the company’s stock worth $651,000 after acquiring an additional 1,822 shares during the period. 0.45% of the stock is currently owned by institutional investors.

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Luxottica Group Company Profile

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.

Analyst Recommendations for Luxottica Group (OTCMKTS:LUXTY)

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