Goldman Sachs Group Inc. Cuts Stake in LiveWire Group, Inc. $LVWR

Goldman Sachs Group Inc. lowered its stake in shares of LiveWire Group, Inc. (NYSE:LVWR) by 53.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,354 shares of the company’s stock after selling 50,053 shares during the quarter. Goldman Sachs Group Inc.’s holdings in LiveWire Group were worth $89,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Rhumbline Advisers boosted its position in LiveWire Group by 21.9% during the first quarter. Rhumbline Advisers now owns 17,655 shares of the company’s stock valued at $35,000 after purchasing an additional 3,167 shares in the last quarter. 0.88% of the stock is owned by hedge funds and other institutional investors.

LiveWire Group Stock Performance

Shares of NYSE LVWR opened at $4.75 on Wednesday. The company has a market cap of $967.77 million, a PE ratio of -11.87 and a beta of 1.69. The business has a 50-day simple moving average of $4.16 and a two-hundred day simple moving average of $3.41. LiveWire Group, Inc. has a fifty-two week low of $0.93 and a fifty-two week high of $9.04.

LiveWire Group (NYSE:LVWR) last issued its quarterly earnings results on Wednesday, July 30th. The company reported ($0.09) earnings per share for the quarter. The business had revenue of $5.87 million during the quarter. LiveWire Group had a negative return on equity of 77.81% and a negative net margin of 350.82%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised LiveWire Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 2nd.

LiveWire Group Profile

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.