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

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of Galaxy Digital Inc. (NASDAQ:GLXY) by 1,524.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,200 shares of the company’s stock after buying an additional 100,600 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Galaxy Digital were worth $2,397,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in Galaxy Digital by 20.8% in the third quarter. CWM LLC now owns 1,419 shares of the company’s stock valued at $48,000 after purchasing an additional 244 shares during the period. Victory Capital Management Inc. lifted its position in Galaxy Digital by 2.1% in the third quarter. Victory Capital Management Inc. now owns 19,596 shares of the company’s stock valued at $663,000 after purchasing an additional 411 shares during the period. Belpointe Asset Management LLC lifted its position in Galaxy Digital by 6.8% in the third quarter. Belpointe Asset Management LLC now owns 13,641 shares of the company’s stock valued at $461,000 after purchasing an additional 867 shares during the period. Raymond James Financial Inc. lifted its position in Galaxy Digital by 6.7% in the third quarter. Raymond James Financial Inc. now owns 13,768 shares of the company’s stock valued at $465,000 after purchasing an additional 868 shares during the period. Finally, IFP Advisors Inc lifted its position in Galaxy Digital by 40.6% in the third quarter. IFP Advisors Inc now owns 5,388 shares of the company’s stock valued at $182,000 after purchasing an additional 1,555 shares during the period.

Galaxy Digital Price Performance

GLXY stock opened at $29.61 on Friday. The firm has a 50 day moving average of $23.64 and a 200-day moving average of $25.42. Galaxy Digital Inc. has a 12-month low of $16.43 and a 12-month high of $45.92. The company has a current ratio of 1.70, a quick ratio of 1.60 and a debt-to-equity ratio of 0.94. The company has a market cap of $11.54 billion and a price-to-earnings ratio of -61.69.

Galaxy Digital (NASDAQ:GLXY) last posted its quarterly earnings results on Tuesday, April 28th. The company reported ($0.49) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $10.21 billion during the quarter. During the same quarter in the previous year, the business posted ($0.86) earnings per share. As a group, equities analysts expect that Galaxy Digital Inc. will post -0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GLXY has been the subject of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating and issued a $37.00 price objective on shares of Galaxy Digital in a research report on Wednesday, April 29th. Citigroup raised their price objective on shares of Galaxy Digital from $25.00 to $28.00 and gave the company a “neutral” rating in a research report on Wednesday, March 18th. Citizens Jmp restated a “market outperform” rating and issued a $55.00 price objective on shares of Galaxy Digital in a research report on Wednesday, April 29th. Piper Sandler reduced their price objective on shares of Galaxy Digital from $42.00 to $36.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Finally, Weiss Ratings downgraded shares of Galaxy Digital from a “hold (c)” rating to a “sell (d+)” rating in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Galaxy Digital has a consensus rating of “Moderate Buy” and an average target price of $39.50.

About Galaxy Digital

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.