Quadrature Capital Ltd Invests $280,000 in Lilium (NASDAQ:LILM)

Quadrature Capital Ltd acquired a new stake in Lilium (NASDAQ:LILM) during the fourth quarter, Holdings Channel.com reports. The firm acquired 238,187 shares of the company’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in shares of Lilium in the fourth quarter valued at approximately $33,000. NewEdge Wealth LLC bought a new position in Lilium in the 4th quarter worth $289,000. Longitude Cayman Ltd. lifted its position in Lilium by 4.7% during the 4th quarter. Longitude Cayman Ltd. now owns 1,120,000 shares of the company’s stock worth $1,322,000 after acquiring an additional 50,000 shares during the last quarter. Finally, AWM Investment Company Inc. bought a new stake in Lilium during the third quarter valued at about $1,609,000. 8.30% of the stock is currently owned by institutional investors and hedge funds.

Lilium Stock Performance

NASDAQ:LILM opened at $0.77 on Wednesday. Lilium has a one year low of $0.60 and a one year high of $1.90. The company has a fifty day moving average price of $0.95 and a 200 day moving average price of $0.97.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their price objective on Lilium from $3.00 to $2.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th.

Lilium Profile

Lilium N.V. engages in the research and development of electric vertical takeoff and landing aircrafts and jet for use in high-speed air transport system for people and goods. It also provides aircraft manufacturer services, including training services, maintenance operations, material management and global distribution, flight operations support, ground service equipment, and digital solutions.