The stock last traded at $60.90 a bit higher than the 50 day moving average which is $56.77 and which is slightly above the 200 day moving average of $57.91. The 50 day moving average was up $4.13 or +7.28% whereas the 200 day moving average was up $2.99 or +5.17%. Trading was light with 0 shares changing hands on Tuesday. Overall, volume was down 100.00% under the stocks normal daily volume.
Additionally, here are a few investment firms who have increased or decreased their stake in (LUX). William Blair Investment Management, LLC cut its holdings by shedding 4,879 shares a decrease of 8.1% in the quarter. William Blair Investment Management, LLC currently owns 55,352 shares with a value of $3,226,000. The total value of its holdings decreased 2.7%. Eqis Capital Management, Inc. expanded its stake by buying 1,822 shares an increase of 18.5%. Eqis Capital Management, Inc. claims 11,682 shares valued at $651,000. The value of the position overall is up by 13.2%.
As of the end of the quarter Fisher Asset Management, LLC had disposed of a total of 3,221 shares trimming its stake by 0.4%. The value in dollars went from $47,283,000 to $45,579,000 a change of $1,704,000 for the reporting period. As of quarter end Douglas Lane & Associates, LLC had sold 14,437 shares trimming its holdings by 47.9%. The value of the total investment in Luxottica Group, S.p.A. decreased from $1,740,000 to $877,000 decreasing 49.6% quarter to quarter.
Luxottica Group S.p.A., incorporated in 1981, is a holding company. The Company is involved in design, manufacture and distribution of fashion, luxury, sport and performance eyewear. The Business’s product design, development and manufacturing take place in over six production facilities in Italy, three factories in China, one production facility in Brazil and one production facility in the United States for sports 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 involved in the design, manufacturing, wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products. Through its retail operations, the Company owns and operates approximately 6,590 retail locations around the world and franchises an additional over 780 locations through its subsidiaries, Luxottica Retail North America, Inc., Sunglass Hut Trading, LLC, OPSM Group Limited, Oakley, Inc. (Oakley) and Multiopticas Internacional S.L. It operates its retail segment through its retail brands, which include LensCrafters, Sunglass Hut, Pearle Vision, ILORI, The Optical Shop of Aspen, GMO, OPSM, Laubman & Pank, Oakley O Stores and Vaults, David Clulow, and its retail licensed brands, Sears Optical and Target Optical..Advertisement