Ameriprise Financial Inc. Cuts Position in Luxottica Group SpA (LUX)

Ameriprise Financial Inc. decreased its position 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 firm 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. World Asset Management Inc boosted its position in shares of Luxottica Group SpA by 1.4% in the first quarter. World Asset Management Inc now owns 30,171 shares of the company’s stock worth $1,661,000 after buying an additional 403 shares during the period. Comerica Bank boosted its position in shares of Luxottica Group SpA by 2.0% in the first quarter. Comerica Bank now owns 31,292 shares of the company’s stock worth $1,824,000 after buying an additional 607 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Luxottica Group SpA by 51.8% in the first quarter. Bank of New York Mellon Corp now owns 11,205 shares of the company’s stock worth $618,000 after buying an additional 3,826 shares during the period. US Bancorp DE boosted its position in shares of Luxottica Group SpA by 4.0% in the first quarter. US Bancorp DE now owns 3,095 shares of the company’s stock worth $170,000 after buying an additional 120 shares during the period. Finally, Eqis Capital Management Inc. boosted its position in shares of Luxottica Group SpA by 58.5% in the first quarter. Eqis Capital Management Inc. now owns 7,518 shares of the company’s stock worth $414,000 after buying an additional 2,776 shares during the period. 1.68% of the stock is currently owned by hedge funds and other institutional investors.

Luxottica Group SpA (NYSE LUX) traded up 0.41% during mid-day trading on Friday, reaching $60.90. 349,483 shares of the company’s stock traded hands. Luxottica Group SpA has a 12 month low of $44.85 and a 12 month high of $62.57. The firm’s 50-day moving average price is $58.38 and its 200 day moving average price is $56.93.

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A number of research analysts have recently commented 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 research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. Luxottica Group SpA currently has an average rating of “Hold” and a consensus 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.

Institutional Ownership by Quarter for Luxottica Group SpA (NYSE:LUX)

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