Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Lucid Group, Inc. (NASDAQ:LCID – Get Rating) by 16.4% during the second quarter, HoldingsChannel reports. The firm owned 229,757 shares of the company’s stock after purchasing an additional 32,289 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Lucid Group were worth $3,942,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. increased its stake in Lucid Group by 8.3% during the second quarter. Stratos Wealth Partners LTD. now owns 12,658 shares of the company’s stock valued at $217,000 after acquiring an additional 965 shares during the period. US Bancorp DE increased its stake in Lucid Group by 297.6% during the second quarter. US Bancorp DE now owns 55,737 shares of the company’s stock valued at $956,000 after acquiring an additional 41,720 shares during the period. Harel Insurance Investments & Financial Services Ltd. bought a new position in Lucid Group during the second quarter valued at about $97,000. Swiss National Bank increased its stake in Lucid Group by 0.5% during the second quarter. Swiss National Bank now owns 1,792,000 shares of the company’s stock valued at $30,751,000 after acquiring an additional 9,300 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Lucid Group in the 2nd quarter valued at approximately $755,000. 70.31% of the stock is currently owned by institutional investors.
Lucid Group Stock Down 1.7 %
NASDAQ:LCID opened at 11.26 on Friday. The stock’s fifty day moving average price is 13.75 and its two-hundred day moving average price is 16.50. Lucid Group, Inc. has a 52-week low of 10.89 and a 52-week high of 57.44. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.21 and a current ratio of 5.04. The company has a market cap of $18.92 billion, a price-to-earnings ratio of -7.93 and a beta of 0.62.
Wall Street Analysts Forecast Growth
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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