Swedbank AB Raises Stock Position in Workhorse Group Inc. (NASDAQ:WKHS)

Swedbank AB lifted its position in Workhorse Group Inc. (NASDAQ:WKHS) by 46.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 95,796 shares of the company’s stock after purchasing an additional 30,294 shares during the period. Swedbank AB’s holdings in Workhorse Group were worth $67,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WKHS. Jane Street Group LLC lifted its holdings in shares of Workhorse Group by 91.6% in the 3rd quarter. Jane Street Group LLC now owns 40,742 shares of the company’s stock worth $35,000 after buying an additional 19,473 shares during the period. Virtu Financial LLC purchased a new stake in Workhorse Group in the third quarter worth about $51,000. Cubist Systematic Strategies LLC bought a new position in Workhorse Group during the 2nd quarter worth about $55,000. Sei Investments Co. bought a new position in Workhorse Group during the 2nd quarter worth about $69,000. Finally, Geode Capital Management LLC increased its position in Workhorse Group by 76.9% during the 3rd quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock valued at $246,000 after purchasing an additional 123,150 shares during the period. Institutional investors own 15.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. TD Cowen boosted their price objective on shares of Workhorse Group from $0.25 to $1.25 and gave the stock a “hold” rating in a research note on Wednesday, November 20th. StockNews.com raised Workhorse Group to a “sell” rating in a research report on Friday, January 10th.

Workhorse Group Stock Down 1.4 %

WKHS stock opened at $0.52 on Monday. Workhorse Group Inc. has a 52 week low of $0.49 and a 52 week high of $8.18. The stock has a market capitalization of $21.14 million, a PE ratio of -0.06 and a beta of 2.70. The firm has a 50 day moving average of $0.82 and a 200 day moving average of $0.91.

Workhorse Group Company Profile

Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers commercial vehicles under the Workhorse brand. The company was formerly known as AMP Holding Inc and changed its name to Workhorse Group Inc in April 2015.