Luxottica Group SpA (LUX) Downgraded to “Underperform” at Royal Bank Of Canada
Separately, Morgan Stanley upgraded shares of Luxottica Group SpA from an equal weight rating to an overweight rating in a research report on Tuesday, June 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $49.00.
Luxottica Group SpA (NYSE:LUX) traded up 0.41% during midday trading on Thursday, reaching $60.90. The company had a trading volume of 349,483 shares. The stock’s 50 day moving average is $57.21 and its 200 day moving average is $57.69. Luxottica Group SpA has a one year low of $44.85 and a one year high of $62.57.
Institutional investors and hedge funds have recently made changes to their positions in the business. UBS Group AG raised its position in Luxottica Group SpA by 9.0% during the first quarter. UBS Group AG now owns 15,180 shares of the company’s stock valued at $836,000 after purchasing an additional 1,250 shares in the last quarter. Boston Financial Mangement LLC raised its position in Luxottica Group SpA by 25.0% during the second quarter. Boston Financial Mangement LLC now owns 305,288 shares of the company’s stock valued at $17,792,000 after purchasing an additional 61,068 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Luxottica Group SpA during the first quarter valued at approximately $1,233,000. Eqis Capital Management Inc. raised its position in Luxottica Group SpA by 31.2% during the second quarter. Eqis Capital Management Inc. now owns 9,860 shares of the company’s stock valued at $575,000 after purchasing an additional 2,342 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in Luxottica Group SpA by 12.6% during the second quarter. Parallel Advisors LLC now owns 2,230 shares of the company’s stock valued at $128,000 after purchasing an additional 249 shares in the last quarter. Institutional investors and hedge funds own 1.68% of the company’s stock.
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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