Northland Capmk Research Analysts Lower Earnings Estimates for LuxUrban Hotels Inc. (NASDAQ:LUXH)

LuxUrban Hotels Inc. (NASDAQ:LUXH) – Equities research analysts at Northland Capmk reduced their Q3 2024 earnings estimates for shares of LuxUrban Hotels in a research note issued to investors on Monday, May 6th. Northland Capmk analyst N. Chokshi now forecasts that the company will earn $0.05 per share for the quarter, down from their previous forecast of $0.07. The consensus estimate for LuxUrban Hotels’ current full-year earnings is $0.30 per share. Northland Capmk also issued estimates for LuxUrban Hotels’ Q3 2025 earnings at $0.07 EPS and Q4 2025 earnings at $0.07 EPS.

LuxUrban Hotels (NASDAQ:LUXH) last posted its quarterly earnings data on Monday, April 15th. The company reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $27.51 million for the quarter. LuxUrban Hotels had a negative net margin of 69.25% and a negative return on equity of 11.23%.

LUXH has been the subject of several other reports. Northland Securities lowered shares of LuxUrban Hotels from an “outperform” rating to a “market perform” rating in a research report on Monday. Jonestrading restated a “buy” rating and issued a $4.00 target price (down previously from $10.00) on shares of LuxUrban Hotels in a research report on Wednesday, April 17th.

LuxUrban Hotels Stock Performance

Shares of LUXH opened at $0.83 on Tuesday. The stock has a 50-day moving average price of $1.61 and a 200-day moving average price of $3.46. The company has a market cap of $34.61 million, a PE ratio of -0.39 and a beta of -0.93. LuxUrban Hotels has a 12-month low of $0.73 and a 12-month high of $6.88. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.23.

Hedge Funds Weigh In On LuxUrban Hotels

Several hedge funds and other institutional investors have recently modified their holdings of the company. Simplicity Wealth LLC purchased a new position in LuxUrban Hotels during the first quarter valued at $98,000. Quadrature Capital Ltd bought a new position in shares of LuxUrban Hotels in the 4th quarter worth about $139,000. Perritt Capital Management Inc. boosted its stake in LuxUrban Hotels by 684.0% during the fourth quarter. Perritt Capital Management Inc. now owns 156,800 shares of the company’s stock worth $936,000 after acquiring an additional 136,800 shares in the last quarter. Jump Financial LLC purchased a new stake in LuxUrban Hotels in the fourth quarter worth about $217,000. Finally, Russell Investments Group Ltd. bought a new position in LuxUrban Hotels during the 4th quarter valued at approximately $1,532,000. 28.46% of the stock is owned by institutional investors.

LuxUrban Hotels Company Profile

LuxUrban Hotels Inc utilizes an asset light business model to lease entire hotels on a long-term basis and rent out hotel rooms in the properties it leases. It manages a portfolio of hotel rooms in New York, Washington DC, Miami Beach, New Orleans, and Los Angeles. The company was formerly known as CorpHousing Group Inc and changed its name to LuxUrban Hotels Inc in November 2022.