Capricorn Fund Managers Ltd Boosts Holdings in LuxExperience B.V. – Sponsored ADR $LUXE

Capricorn Fund Managers Ltd increased its stake in shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) by 35.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 1,023,172 shares of the company’s stock after purchasing an additional 268,263 shares during the quarter. LuxExperience B.V. comprises about 1.3% of Capricorn Fund Managers Ltd’s portfolio, making the stock its 29th biggest position. Capricorn Fund Managers Ltd’s holdings in LuxExperience B.V. were worth $8,155,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SPX Gestao de Recursos Ltda acquired a new stake in shares of LuxExperience B.V. in the 3rd quarter valued at about $3,178,000. UBS Group AG acquired a new position in shares of LuxExperience B.V. in the 3rd quarter valued at $1,166,000. Invesco Ltd. purchased a new stake in LuxExperience B.V. in the 3rd quarter valued at $7,292,000. Portolan Capital Management LLC acquired a new stake in LuxExperience B.V. during the 3rd quarter worth $13,271,000. Finally, Sylebra Capital LLC acquired a new stake in LuxExperience B.V. during the 3rd quarter worth $31,351,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on LUXE. TD Cowen dropped 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. Weiss Ratings lowered LuxExperience B.V. from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. dropped their price target on LuxExperience B.V. from $10.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Finally, Wall Street Zen downgraded LuxExperience B.V. from a “sell” rating to a “strong sell” rating in a research note on Monday, May 18th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, LuxExperience B.V. has an average rating of “Hold” and an average price target of $9.50.

LuxExperience B.V. Stock Down 0.8%

LUXE stock opened at $7.44 on Wednesday. LuxExperience B.V. – Sponsored ADR has a one year low of $6.54 and a one year high of $11.38. The stock has a market capitalization of $637.52 million, a PE ratio of 1.82 and a beta of 1.08. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.81 and a current ratio of 2.33. The company has a fifty day moving average of $7.83 and a 200-day moving average of $8.33.

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.