Insider Buying: LuxUrban Hotels Inc. (NASDAQ:LUXH) Director Acquires $100,000.00 in Stock

LuxUrban Hotels Inc. (NASDAQ:LUXH) Director Elan Blutinger purchased 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average cost of $0.25 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the director now directly owns 721,856 shares in the company, valued at approximately $180,464. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

LuxUrban Hotels Trading Up 21.5 %

LUXH opened at $0.36 on Monday. The firm has a market capitalization of $16.21 million, a price-to-earnings ratio of -0.15 and a beta of -0.93. The company’s 50 day simple moving average is $1.07 and its two-hundred day simple moving average is $3.10. LuxUrban Hotels Inc. has a 1-year low of $0.24 and a 1-year high of $6.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.39 and a quick ratio of 0.39.

LuxUrban Hotels (NASDAQ:LUXH) last announced its quarterly earnings data on Monday, April 15th. The company reported ($0.20) EPS for the quarter. The company had revenue of $27.51 million for the quarter. LuxUrban Hotels had a negative return on equity of 303.00% and a negative net margin of 77.31%. Analysts expect that LuxUrban Hotels Inc. will post -0.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LUXH. Barclays PLC purchased a new stake in shares of LuxUrban Hotels in the third quarter valued at about $36,000. Citigroup Inc. purchased a new stake in shares of LuxUrban Hotels in the 3rd quarter valued at approximately $53,000. Perritt Capital Management Inc. acquired a new stake in shares of LuxUrban Hotels during the 3rd quarter worth approximately $93,000. Quadrature Capital Ltd purchased a new stake in shares of LuxUrban Hotels during the 4th quarter valued at approximately $139,000. Finally, Jump Financial LLC purchased a new stake in shares of LuxUrban Hotels during the 4th quarter valued at approximately $217,000. Institutional investors and hedge funds own 28.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Northland Securities downgraded LuxUrban Hotels from an “outperform” rating to a “market perform” rating in a research report on Monday, May 6th. Jonestrading restated a “buy” rating and issued a $4.00 price objective (down previously from $10.00) on shares of LuxUrban Hotels in a report on Wednesday, April 17th. Finally, Maxim Group reaffirmed a “hold” rating on shares of LuxUrban Hotels in a report on Wednesday, May 15th.

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.