Swedbank AB Purchases 30,294 Shares of Workhorse Group Inc. (NASDAQ:WKHS)

Swedbank AB boosted its holdings in Workhorse Group Inc. (NASDAQ:WKHS) by 46.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 95,796 shares of the company’s stock after buying an additional 30,294 shares during the period. Swedbank AB owned 0.23% of Workhorse Group worth $67,000 as of its most recent SEC filing.

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

Workhorse Group Stock Performance

Shares of WKHS opened at $0.52 on Monday. The stock has a market capitalization of $21.14 million, a PE ratio of -0.06 and a beta of 2.70. The company’s fifty day moving average is $0.82 and its 200 day moving average is $0.91. Workhorse Group Inc. has a fifty-two week low of $0.49 and a fifty-two week high of $8.18.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WKHS shares. TD Cowen raised their target price on shares of Workhorse Group from $0.25 to $1.25 and gave the company a “hold” rating in a research note on Wednesday, November 20th. StockNews.com upgraded Workhorse Group to a “sell” rating in a research report on Friday, January 10th.

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.