Solas Capital Management LLC Takes $2.56 Million Position in LuxExperience B.V. - Sponsored ADR $LUXE

Key Points

• Solas Capital Management acquired 344,529 LuxExperience shares worth approximately $2.56 million, representing 1.4% of its portfolio and about 0.40% of the company.
• Institutional investors own 10.07% of LuxExperience, with several hedge funds recently establishing new positions.
• LUXE shares opened at $7.30, below the analyst consensus target of $9.75. Ratings are mixed, resulting in an overall “Hold” consensus.

Solas Capital Management LLC bought a new position in LuxExperience B.V. - Sponsored ADR (NYSE:LUXE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 344,529 shares of the company's stock, valued at approximately $2,560,000. LuxExperience B.V. comprises 1.4% of Solas Capital Management LLC's portfolio, making the stock its 18th largest position. Solas Capital Management LLC owned approximately 0.40% of LuxExperience B.V. as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC acquired a new position in shares of LuxExperience B.V. in the fourth quarter valued at about $52,000. HRT Financial LP acquired a new position in LuxExperience B.V. in the 4th quarter worth approximately $114,000. XTX Topco Ltd purchased a new position in LuxExperience B.V. during the 4th quarter worth approximately $125,000. Americana Partners LLC acquired a new stake in LuxExperience B.V. during the 4th quarter valued at approximately $127,000. Finally, Millennium Management LLC purchased a new stake in shares of LuxExperience B.V. in the 3rd quarter valued at $134,000. Institutional investors and hedge funds own 10.07% of the company's stock.

LuxExperience B.V. Price Performance

Shares of NYSE LUXE opened at $7.30 on Thursday. 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 firm has a fifty day moving average of $7.88 and a 200 day moving average of $8.07. The firm has a market cap of $625.61 million, a PE ratio of 1.78 and a beta of 1.06. LuxExperience B.V. - Sponsored ADR has a one year low of $6.54 and a one year high of $11.38.

Analyst Ratings Changes

LUXE has been the subject of a number of research reports. Weiss Ratings restated a "hold (c-)" rating on shares of LuxExperience B.V. in a research report on Friday, August 28th. TD Cowen upped their target price on LuxExperience B.V. from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Wednesday, August 19th. Finally, Wall Street Zen cut LuxExperience B.V. from a "sell" rating to a "strong sell" rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $9.75.

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.

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