4 hours Ago By ABMN Staff
Legal & General Group Plc lessened its stake in shares of Lucid Group, Inc. ( NASDAQ:LCID – Free Report ) by 16.7% in the 4th quarter, HoldingsChannel.
com reports. The firm owned 948,346 shares of the company’s stock after selling 190,777 shares during the period. Legal & General Group Plc’s holdings in Lucid Group were worth $2,864,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. purchased a new position in Lucid Group during the fourth quarter valued at approximately $28,000.
Proficio Capital Partners LLC bought a new stake in shares of Lucid Group during the 4th quarter valued at $31,000. First National Corp MA ADV purchased a new position in shares of Lucid Group during the 4th quarter valued at $32,000. Yousif Capital Management LLC bought a new position in Lucid Group in the 4th quarter worth $32,000.
Finally, Citizens Financial Group Inc. RI purchased a new stake in Lucid Group in the 4th quarter worth $32,000. 75.
17% of the stock is owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth LCID has been the subject of a number of recent analyst reports. Bank of America lowered Lucid Group from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $3.
00 to $1.00 in a research note on Wednesday, February 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Lucid Group in a report on Wednesday, February 26th.
Stifel Nicolaus lowered their target price on shares of Lucid Group from $3.50 to $3.00 and set a “hold” rating on the stock in a report on Thursday, February 27th.
Redburn Atlantic cut shares of Lucid Group from a “neutral” rating to a “sell” rating and cut their target price for the company from $3.50 to $1.13 in a research note on Monday, February 24th.
Finally, Robert W. Baird lifted their price target on shares of Lucid Group from $2.00 to $3.
00 and gave the company a “neutral” rating in a report on Monday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Lucid Group currently has a consensus rating of “Hold” and an average target price of $2.
68. Lucid Group Stock Performance Lucid Group stock opened at $2.39 on Thursday.
The company has a quick ratio of 3.26, a current ratio of 3.71 and a debt-to-equity ratio of 0.
77. Lucid Group, Inc. has a twelve month low of $1.
93 and a twelve month high of $4.43. The company’s 50-day moving average price is $2.
43 and its 200-day moving average price is $2.60. The company has a market cap of $7.
25 billion, a PE ratio of -1.78 and a beta of 0.88.
About Lucid Group ( Free Report ) Lucid Group, Inc a technology company, designs, engineers, manufactures, and sells electric vehicles (EV), EV powertrains, and battery systems. It also designs and develops proprietary software in-house for Lucid vehicles. The company sells vehicles directly to consumers through its retail sales network and direct online sales, including Lucid Financial Services.
See Also Want to see what other hedge funds are holding LCID? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lucid Group, Inc. ( NASDAQ:LCID – Free Report ).
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