EP Wealth Advisors LLC lifted its stake in shares of Lucid Group, Inc. (NASDAQ:LCID – Get Rating) by 8.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,127 shares of the company’s stock after buying an additional 1,057 shares during the period. EP Wealth Advisors LLC’s holdings in Lucid Group were worth $225,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of LCID. 1832 Asset Management L.P. purchased a new position in Lucid Group in the first quarter worth $25,000. Catalyst Capital Advisors LLC purchased a new position in Lucid Group in the first quarter worth $29,000. First Manhattan Co. boosted its position in Lucid Group by 666.7% in the first quarter. First Manhattan Co. now owns 1,150 shares of the company’s stock worth $29,000 after purchasing an additional 1,000 shares during the last quarter. Tradition Wealth Management LLC boosted its position in Lucid Group by 1,048.1% in the first quarter. Tradition Wealth Management LLC now owns 1,194 shares of the company’s stock worth $30,000 after purchasing an additional 1,090 shares during the last quarter. Finally, Parallel Advisors LLC purchased a new position in Lucid Group in the first quarter worth $32,000. Hedge funds and other institutional investors own 70.31% of the company’s stock.
Lucid Group Stock Performance
NASDAQ:LCID opened at 11.26 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.21 and a current ratio of 5.04. Lucid Group, Inc. has a 52-week low of 10.89 and a 52-week high of 57.44. The firm has a market cap of $18.92 billion, a price-to-earnings ratio of -7.93 and a beta of 0.62. The business’s fifty day moving average is 13.75 and its 200 day moving average is 16.48.
Analysts Set New Price Targets
Lucid Group Company Profile
Lucid Group, Inc a technology and automotive company, develops electric vehicle (EV) technologies. The company designs, engineers, and builds electric vehicles, EV powertrains, and battery systems. As of December 31, 2021, it operates twenty retail studios in the United States. Lucid Group, Inc was founded in 2007 and is headquartered in Newark, California.
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