The Bradley Foster & Sargent Inc. CT Decreases Stake in Luxottica Group SpA (LUX)

The Bradley Foster & Sargent Inc. CT Decreases Stake in Luxottica Group SpA (LUX)

Bradley Foster & Sargent Inc. CT decreased its stake in Luxottica Group SpA (NYSE:LUX) by 8.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,745 shares of the company’s stock after selling 1,550 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Luxottica Group SpA were worth $849,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of LUX. Gofen & Glossberg LLC IL boosted its position in shares of Luxottica Group SpA by 2.6% in the third quarter. Gofen & Glossberg LLC IL now owns 168,713 shares of the company’s stock valued at $8,068,000 after buying an additional 4,196 shares during the period. Harding Loevner LP boosted its position in Luxottica Group SpA by 37.7% in the third quarter. Harding Loevner LP now owns 69,856 shares of the company’s stock valued at $3,340,000 after buying an additional 19,110 shares during the last quarter. Royal Bank of Canada boosted its position in Luxottica Group SpA by 71.9% in the second quarter. Royal Bank of Canada now owns 75,937 shares of the company’s stock valued at $3,712,000 after buying an additional 31,756 shares during the last quarter. Toronto Dominion Bank boosted its position in Luxottica Group SpA by 16.7% in the second quarter. Toronto Dominion Bank now owns 2,800 shares of the company’s stock valued at $138,000 after buying an additional 400 shares during the last quarter. Finally, State of Tennessee Treasury Department bought a new position in Luxottica Group SpA during the second quarter valued at $4,599,000. 1.23% of the stock is currently owned by institutional investors and hedge funds.

Luxottica Group SpA (NYSE:LUX) traded down 2.62% during trading on Thursday, hitting $54.63. 57,767 shares of the company’s stock were exchanged. The firm has a market cap of $26.20 billion, a price-to-earnings ratio of 31.97 and a beta of 0.70. Luxottica Group SpA has a 12-month low of $44.85 and a 12-month high of $62.56. The company’s 50-day moving average price is $53.05 and its 200 day moving average price is $49.80.

Several research analysts have recently weighed in on LUX shares. Zacks Investment Research raised shares of Luxottica Group SpA from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Wednesday, September 28th. Bank of America Corp. reissued a “sell” rating and set a $41.00 price objective on shares of Luxottica Group SpA in a report on Thursday, September 29th. Barclays PLC reissued a “buy” rating on shares of Luxottica Group SpA in a report on Sunday. Goldman Sachs Group Inc. reissued a “hold” rating on shares of Luxottica Group SpA in a report on Thursday. Finally, Societe Generale cut shares of Luxottica Group SpA from a “buy” rating to a “hold” rating in a report on Thursday, January 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus 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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