VIRGINIA RETIREMENT SYSTEMS ET Al Raises Holdings in Galaxy Digital Inc. $GLXY

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Galaxy Digital Inc. (NASDAQ:GLXY) by 1,524.2% in the fourth quarter, HoldingsChannel reports. The firm owned 107,200 shares of the company’s stock after acquiring an additional 100,600 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Galaxy Digital were worth $2,397,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Galaxy Digital by 27.5% during the 4th quarter. Vanguard Group Inc. now owns 20,669,893 shares of the company’s stock worth $462,310,000 after purchasing an additional 4,463,782 shares during the period. Invesco Ltd. purchased a new stake in Galaxy Digital during the 2nd quarter worth $53,233,000. Tidal Investments LLC purchased a new stake in Galaxy Digital during the 2nd quarter worth $48,452,000. Rovida Investment Management Ltd boosted its position in Galaxy Digital by 21.2% during the 3rd quarter. Rovida Investment Management Ltd now owns 1,861,200 shares of the company’s stock worth $62,890,000 after purchasing an additional 325,000 shares during the period. Finally, Moore Capital Management LP boosted its position in Galaxy Digital by 32.0% during the 3rd quarter. Moore Capital Management LP now owns 1,362,250 shares of the company’s stock worth $46,069,000 after purchasing an additional 330,000 shares during the period.

Galaxy Digital Stock Performance

NASDAQ:GLXY opened at $29.61 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.70 and a quick ratio of 1.60. The firm has a 50-day moving average of $23.64 and a two-hundred day moving average of $25.42. The stock has a market cap of $11.54 billion and a P/E ratio of -61.69. Galaxy Digital Inc. has a 1-year low of $16.43 and a 1-year high of $45.92.

Galaxy Digital (NASDAQ:GLXY) last issued its quarterly earnings results on Tuesday, April 28th. The company reported ($0.49) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.10. Galaxy Digital had a negative net margin of 0.54% and a negative return on equity of 2.30%. The business had revenue of $10.21 billion for the quarter. During the same period in the previous year, the business posted ($0.86) EPS. On average, research analysts expect that Galaxy Digital Inc. will post -0.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GLXY has been the subject of a number of research reports. HC Wainwright decreased their price target on shares of Galaxy Digital from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Wall Street Zen raised shares of Galaxy Digital from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Citigroup upped their price target on shares of Galaxy Digital from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 18th. Weiss Ratings cut shares of Galaxy Digital from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, March 5th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $55.00 price objective on shares of Galaxy Digital in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.50.

Galaxy Digital Company Profile

Galaxy Digital Holdings Ltd. (NASDAQ:GLXY) is a diversified financial services and investment management firm dedicated to the digital assets and blockchain technology sectors. Established in 2018 by Mike Novogratz, the company operates across trading, asset management, principal investing and advisory services. Galaxy Digital caters to institutional clients, high-net-worth investors and corporations seeking exposure to cryptocurrencies, decentralized finance (DeFi) protocols and other blockchain-based assets.

In its trading division, Galaxy Digital provides market-making, execution and over-the-counter (OTC) solutions for a wide range of digital tokens.