Portolan Capital Management LLC Makes New Investment in LuxExperience B.V. – Sponsored ADR $LUXE

Portolan Capital Management LLC purchased a new position in shares of LuxExperience B.V. – Sponsored ADR (NYSE:LUXE) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,561,266 shares of the company’s stock, valued at approximately $13,271,000.

A number of other institutional investors have also modified their holdings of LUXE. Invesco Ltd. purchased a new position in shares of LuxExperience B.V. during the third quarter valued at approximately $7,292,000. Zweig DiMenna Associates LLC purchased a new stake in LuxExperience B.V. in the 3rd quarter worth approximately $6,372,000. SPX Gestao de Recursos Ltda acquired a new position in LuxExperience B.V. in the 3rd quarter valued at $3,178,000. UBS Group AG acquired a new position in LuxExperience B.V. in the 3rd quarter valued at $1,166,000. Finally, Fiscal Wisdom Wealth Management LLC purchased a new position in shares of LuxExperience B.V. during the 3rd quarter worth $236,000. Institutional investors and hedge funds own 10.07% of the company’s stock.

LuxExperience B.V. Stock Down 2.3%

Shares of LUXE opened at $8.12 on Friday. LuxExperience B.V. – Sponsored ADR has a fifty-two week low of $6.18 and a fifty-two week high of $11.38. The company has a fifty day moving average of $8.75. The firm has a market cap of $695.97 million, a price-to-earnings ratio of 1.88 and a beta of 1.08. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.83 and a current ratio of 2.12.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LUXE shares. Jefferies Financial Group initiated coverage on LuxExperience B.V. in a report on Wednesday, January 14th. They set a “hold” rating and a $9.00 price objective on the stock. B. Riley Financial started coverage on LuxExperience B.V. in a research report on Thursday, January 15th. They set a “buy” rating and a $12.00 target price on the stock. Zacks Research lowered LuxExperience B.V. from a “hold” rating to a “strong sell” rating in a research note on Monday, January 26th. Weiss Ratings restated a “hold (c-)” rating on shares of LuxExperience B.V. in a report on Monday, December 29th. Finally, JPMorgan Chase & Co. downgraded shares of LuxExperience B.V. from an “overweight” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $10.33.

About LuxExperience B.V.

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.