2 weeks Ago By ABMN Staff
Federated Hermes Inc. grew its position in shares of Lucid Group, Inc. ( NASDAQ:LCID – Free Report ) by 1,695.
9% during the 4th quarter, Holdings Channel reports. The firm owned 31,410 shares of the company’s stock after purchasing an additional 29,661 shares during the period. Federated Hermes Inc.
’s holdings in Lucid Group were worth $95,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc.
acquired a new position in Lucid Group during the fourth quarter worth about $780,000. Norges Bank acquired a new position in shares of Lucid Group in the 4th quarter worth approximately $9,446,000. Nisa Investment Advisors LLC raised its holdings in shares of Lucid Group by 4,301.
7% in the 4th quarter. Nisa Investment Advisors LLC now owns 255,300 shares of the company’s stock worth $771,000 after purchasing an additional 249,500 shares in the last quarter. Empowered Funds LLC acquired a new stake in Lucid Group during the fourth quarter valued at approximately $301,000.
Finally, New York State Common Retirement Fund boosted its holdings in Lucid Group by 5.7% during the fourth quarter. New York State Common Retirement Fund now owns 517,238 shares of the company’s stock worth $1,562,000 after buying an additional 28,000 shares in the last quarter.
Institutional investors own 75.17% of the company’s stock. Analyst Upgrades and Downgrades A number of brokerages have recently issued reports on LCID.
Benchmark reaffirmed a “buy” rating and set a $5.00 target price on shares of Lucid Group in a research report on Friday, March 7th. Bank of America cut shares of Lucid Group from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $3.
00 to $1.00 in a report on Wednesday, February 26th. Cantor Fitzgerald restated a “neutral” rating and set a $3.
00 price target on shares of Lucid Group in a report on Thursday, April 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Lucid Group in a research note on Wednesday, February 26th. Finally, Stifel Nicolaus cut their target price on shares of Lucid Group from $3.
50 to $3.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock.
According to data from MarketBeat, Lucid Group currently has an average rating of “Hold” and an average target price of $2.69. Lucid Group Stock Performance Shares of LCID stock opened at $2.
38 on Friday. The firm has a market cap of $7.21 billion, a P/E ratio of -1.
78 and a beta of 0.88. The company has a debt-to-equity ratio of 0.
77, a current ratio of 3.71 and a quick ratio of 3.26.
Lucid Group, Inc. has a fifty-two week low of $1.93 and a fifty-two week high of $4.
43. The stock’s 50-day moving average is $2.48 and its two-hundred day moving average is $2.
62. Lucid Group Profile ( 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.
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