Cresset Asset Management LLC Sells 137,700 Shares of Lucid Group, Inc. $LCID

Cresset Asset Management LLC lowered its stake in shares of Lucid Group, Inc. (NASDAQ:LCID) by 84.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,757 shares of the company’s stock after selling 137,700 shares during the quarter. Cresset Asset Management LLC’s holdings in Lucid Group were worth $589,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Valeo Financial Advisors LLC lifted its stake in Lucid Group by 9.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 11,926 shares of the company’s stock valued at $25,000 after acquiring an additional 1,055 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in shares of Lucid Group in the 2nd quarter worth $30,000. Brown Advisory Inc. raised its holdings in shares of Lucid Group by 47.5% in the second quarter. Brown Advisory Inc. now owns 15,530 shares of the company’s stock valued at $33,000 after purchasing an additional 5,000 shares during the last quarter. Heritage Wealth Advisors lifted its position in shares of Lucid Group by 43.5% during the second quarter. Heritage Wealth Advisors now owns 16,500 shares of the company’s stock valued at $35,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Silverlake Wealth Management LLC purchased a new position in Lucid Group during the second quarter worth about $39,000. 75.17% of the stock is owned by hedge funds and other institutional investors.

Lucid Group Price Performance

LCID opened at $10.68 on Thursday. Lucid Group, Inc. has a fifty-two week low of $9.12 and a fifty-two week high of $33.70. The firm has a 50-day moving average of $10.51 and a 200 day moving average of $14.91. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.83 and a current ratio of 1.25. The firm has a market cap of $3.50 billion, a P/E ratio of -0.88 and a beta of 1.12.

Lucid Group (NASDAQ:LCID) last announced its quarterly earnings data on Tuesday, February 24th. The company reported ($3.08) EPS for the quarter, missing the consensus estimate of ($2.49) by ($0.59). The company had revenue of $522.73 million during the quarter, compared to the consensus estimate of $473.08 million. Lucid Group had a negative return on equity of 138.82% and a negative net margin of 207.87%.The business’s revenue was up 122.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.22) EPS. On average, research analysts expect that Lucid Group, Inc. will post -1.25 EPS for the current year.

Trending Headlines about Lucid Group

Here are the key news stories impacting Lucid Group this week:

• Positive Sentiment: Lucid began rolling out Apple CarPlay and Android Auto to Lucid Gravity via an over‑the‑air update, and the features are standard on new Gravity SUVs (Air already has them). This improves owner experience, reduces dealer intervention and signals Lucid’s OTA software capability — a concrete product upgrade that can support resale value and customer satisfaction. Read More.
• Positive Sentiment: Investor Day (March 12) is being positioned as a major strategic milestone: Lucid will outline its path to improved profitability and scale, and it plans a fireside chat with Uber’s President/COO about next‑gen robotaxi partnership possibilities — news that can re‑rate the stock if investors see credible commercialization and partner economics. Read More.
• Neutral Sentiment: Lucid published its Investor Day agenda ahead of the event, signaling transparency and a structured narrative to present to the market; this is informative but not a standalone catalyst absent new financial or commercial targets. Read More.
• Neutral Sentiment: Management presentations and conference appearances (Cantor Global transcript) give investors more detail on strategy and execution; useful for modeling but typically neutral until new guidance or targets are provided. Read More.
• Neutral Sentiment: Media and analyst pieces (Finbold, MSN) debate whether Lucid is a buy ahead of Investor Day — these can amplify sentiment swings but are opinion‑driven rather than new company facts. Read More. | Read More.
• Neutral Sentiment: Other industry/regional stories (e.g., supplier/plant redevelopment) and unrelated company rebrands (LucidHealth’s LucidSolutions rename) appeared in the feed; these have limited direct impact on Lucid Group’s near‑term stock performance. Read More. | Read More.
• Negative Sentiment: Recent fundamentals remain a drag: the last quarter showed a revenue beat but a wide EPS miss and deeply negative margins and ROE. Until Investor Day provides a credible path to sustained profitability or new commercial contracts materialize, execution risk and capital intensity keep upside guarded. (Background earnings detail: revenue beat but EPS missed consensus.)

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LCID. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lucid Group in a research report on Monday, December 29th. Zacks Research upgraded Lucid Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 5th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $10.00 target price on shares of Lucid Group in a report on Wednesday, February 25th. Stifel Nicolaus decreased their price target on Lucid Group from $21.00 to $17.00 and set a “hold” rating for the company in a research report on Monday, November 17th. Finally, Benchmark reiterated a “buy” rating on shares of Lucid Group in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $12.50.

About Lucid Group

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.