Virtu KCG Holdings LLC grew its stake in Luxottica Group SpA (NYSE:LUX) by 118.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,836 shares of the company’s stock after buying an additional 4,783 shares during the period. Virtu KCG Holdings LLC’s holdings in Luxottica Group SpA were worth $515,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the business. Parametric Portfolio Associates LLC lifted its position in shares of Luxottica Group SpA by 3.2% in the second quarter. Parametric Portfolio Associates LLC now owns 249,026 shares of the company’s stock worth $14,513,000 after buying an additional 7,613 shares during the last quarter. Summit Global Investments acquired a new stake in shares of Luxottica Group SpA in the second quarter worth about $614,000. Sawtooth Solutions LLC lifted its position in shares of Luxottica Group SpA by 4.1% in the second quarter. Sawtooth Solutions LLC now owns 12,424 shares of the company’s stock worth $724,000 after buying an additional 487 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Luxottica Group SpA by 12.6% in the second quarter. Parallel Advisors LLC now owns 2,230 shares of the company’s stock worth $128,000 after buying an additional 249 shares during the last quarter. Finally, Geneva Advisors LLC lifted its position in shares of Luxottica Group SpA by 11.6% in the second quarter. Geneva Advisors LLC now owns 39,231 shares of the company’s stock worth $2,286,000 after buying an additional 4,065 shares during the last quarter. 1.68% of the stock is owned by institutional investors.
A number of analysts have weighed in on the company. Royal Bank Of Canada cut Luxottica Group SpA from a “sector perform” rating to an “underperform” rating in a research report on Thursday, September 21st. Morgan Stanley raised 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, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $50.00.
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Shares of Luxottica Group SpA (NYSE LUX) opened at 60.90 on Wednesday. The firm has a 50 day moving average price of $56.87 and a 200-day moving average price of $57.92. Luxottica Group SpA has a 12 month low of $44.85 and a 12 month high of $62.57.
Luxottica Group SpA 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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