Ameriprise Financial Inc. lowered its stake in shares of Luxottica Group SpA (NYSE:LUX) by 3.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,133 shares of the company’s stock after selling 187 shares during the period. Ameriprise Financial Inc.’s holdings in Luxottica Group SpA were worth $282,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. WCM Investment Management CA boosted its stake in Luxottica Group SpA by 2.7% in the first quarter. WCM Investment Management CA now owns 1,289,065 shares of the company’s stock valued at $70,963,000 after buying an additional 33,837 shares during the period. Karp Capital Management Corp bought a new stake in Luxottica Group SpA during the first quarter valued at $8,304,000. Harding Loevner LP boosted its stake in Luxottica Group SpA by 17.0% in the first quarter. Harding Loevner LP now owns 76,203 shares of the company’s stock valued at $4,195,000 after buying an additional 11,085 shares during the period. TD Asset Management Inc. bought a new stake in Luxottica Group SpA during the first quarter valued at $3,200,000. Finally, Wells Fargo & Company MN boosted its stake in Luxottica Group SpA by 15.3% in the first quarter. Wells Fargo & Company MN now owns 36,930 shares of the company’s stock valued at $2,033,000 after buying an additional 4,898 shares during the period. Hedge funds and other institutional investors own 1.68% of the company’s stock.
Shares of Luxottica Group SpA (NYSE:LUX) traded up 0.41% during midday trading on Friday, reaching $60.90. 349,483 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $58.38 and its 200-day moving average is $56.93. Luxottica Group SpA has a 12-month low of $44.85 and a 12-month high of $62.57.
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LUX has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Luxottica Group SpA from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th. 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target 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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