UBS Group AG raised its stake in Luxottica Group SpA (NYSE:LUX) by 9.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,180 shares of the company’s stock after buying an additional 1,250 shares during the period. UBS Group AG’s holdings in Luxottica Group SpA were worth $836,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of LUX. Parallel Advisors LLC raised its position in Luxottica Group SpA by 3.5% in the first quarter. Parallel Advisors LLC now owns 1,981 shares of the company’s stock valued at $115,000 after buying an additional 67 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Luxottica Group SpA by 0.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,351 shares of the company’s stock valued at $129,000 after buying an additional 17 shares during the period. US Bancorp DE raised its position in Luxottica Group SpA by 4.0% in the first quarter. US Bancorp DE now owns 3,095 shares of the company’s stock valued at $170,000 after buying an additional 120 shares during the period. Banque Pictet & Cie SA acquired a new position in Luxottica Group SpA during the first quarter valued at about $277,000. Finally, Greenleaf Trust acquired a new position in Luxottica Group SpA during the first quarter valued at about $280,000. 1.68% of the stock is owned by hedge funds and other institutional investors.
Shares of Luxottica Group SpA (NYSE LUX) opened at 60.90 on Friday. Luxottica Group SpA has a 52 week low of $44.85 and a 52 week high of $62.57. The firm’s 50-day moving average is $59.65 and its 200 day moving average is $56.17.
Several research analysts recently issued reports on LUX shares. Zacks Investment Research raised shares of Luxottica Group SpA from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th. Morgan Stanley raised shares of Luxottica Group SpA from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Luxottica Group SpA currently has an average rating of “Hold” and an average target price of $49.00.
About Luxottica Group SpA
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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