Calamos Advisors LLC Invests $1.59 Million in Lucid Group, Inc. $LCID

Calamos Advisors LLC acquired a new stake in shares of Lucid Group, Inc. (NASDAQ:LCID) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 150,000 shares of the company’s stock, valued at approximately $1,586,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Tudor Investment Corp ET AL bought a new stake in Lucid Group in the third quarter valued at $1,361,978,000. Uber Technologies Inc acquired a new position in shares of Lucid Group during the third quarter valued at $326,283,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Lucid Group by 39.2% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,309,476 shares of the company’s stock worth $25,973,000 after acquiring an additional 3,465,542 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Lucid Group by 112.0% during the first quarter. Goldman Sachs Group Inc. now owns 5,440,620 shares of the company’s stock worth $13,166,000 after acquiring an additional 2,874,603 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Lucid Group by 93.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,485,715 shares of the company’s stock worth $9,465,000 after acquiring an additional 2,167,882 shares during the period. 75.17% of the stock is currently owned by institutional investors.

Lucid Group Price Performance

NASDAQ:LCID opened at $5.93 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.25 and a debt-to-equity ratio of 3.00. The business’s 50-day moving average price is $9.29 and its 200 day moving average price is $12.00. Lucid Group, Inc. has a 52-week low of $5.93 and a 52-week high of $33.70. The firm has a market cap of $1.94 billion, a P/E ratio of -0.49 and a beta of 1.16.

Analyst Ratings Changes

A number of research analysts have issued reports on LCID shares. Zacks Research raised shares of Lucid Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lucid Group in a report on Friday, March 27th. Royal Bank Of Canada reduced their price objective on Lucid Group from $10.00 to $8.00 and set a “sector perform” rating for the company in a research report on Monday, April 13th. TD Cowen reissued a “hold” rating and issued a $10.00 price objective (down from $19.00) on shares of Lucid Group in a report on Wednesday, April 15th. Finally, Bank of America initiated coverage on Lucid Group in a research report on Wednesday, March 4th. They issued an “underperform” rating and a $10.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $12.25.

Lucid Group Company Profile

Lucid Group, Inc is a California-based electric vehicle manufacturer specializing in the design, engineering and production of luxury electric sedans. Its flagship model, the Lucid Air, features a proprietary battery and powertrain architecture that emphasizes energy efficiency, extended driving range and high performance. In addition to passenger vehicles, Lucid offers charging solutions and software-enabled services aimed at optimizing the ownership experience and accelerating adoption of zero-emission transportation.

The company was founded in 2007 under the name Atieva, initially focusing on battery technology and electric powertrains for other automakers before transitioning to its own branded vehicles.