Kornitzer Capital Management Inc. KS Grows Position in Luxottica Group SpA (LUX)
Kornitzer Capital Management Inc. KS increased its position in shares of Luxottica Group SpA (NYSE:LUX) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 351,950 shares of the company’s stock after purchasing an additional 7,895 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Luxottica Group SpA were worth $19,676,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its holdings in shares of Luxottica Group SpA by 12.6% during the second quarter. Parallel Advisors LLC now owns 2,230 shares of the company’s stock worth $128,000 after purchasing an additional 249 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Luxottica Group SpA during the first quarter worth about $130,000. US Bancorp DE lifted its holdings in shares of Luxottica Group SpA by 26.3% during the second quarter. US Bancorp DE now owns 3,908 shares of the company’s stock worth $228,000 after purchasing an additional 813 shares during the period. Sei Investments Co. lifted its holdings in shares of Luxottica Group SpA by 66.8% during the second quarter. Sei Investments Co. now owns 6,324 shares of the company’s stock worth $369,000 after purchasing an additional 2,532 shares during the period. Finally, HighTower Advisors LLC acquired a new stake in shares of Luxottica Group SpA during the first quarter worth about $362,000. 1.68% of the stock is owned by hedge funds and other institutional investors.
Shares of Luxottica Group SpA (NYSE LUX) traded down $60.84 during trading hours on Monday, reaching $0.07. The company’s stock had a trading volume of 60,000 shares, compared to its average volume of 40,446. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.37 and a quick ratio of 0.96. Luxottica Group SpA has a one year low of $49.74 and a one year high of $62.57.
Separately, Royal Bank Of Canada downgraded Luxottica Group SpA from a “sector perform” rating to an “underperform” rating in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $50.00.
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Luxottica Group SpA 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.
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