Cibc World Market Inc. Has $916,000 Stake in The Lion Electric Company (NYSE:LEV)

Cibc World Market Inc. lowered its stake in shares of The Lion Electric Company (NYSE:LEVGet Rating) by 5.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 217,683 shares of the company’s stock after selling 13,396 shares during the quarter. Cibc World Market Inc.’s holdings in Lion Electric were worth $916,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Shell Asset Management Co. increased its stake in Lion Electric by 40.7% during the 2nd quarter. Shell Asset Management Co. now owns 6,774 shares of the company’s stock worth $28,000 after acquiring an additional 1,959 shares during the period. CIBC Asset Management Inc increased its stake in Lion Electric by 2.4% during the 1st quarter. CIBC Asset Management Inc now owns 89,598 shares of the company’s stock worth $753,000 after acquiring an additional 2,114 shares during the period. Wolverine Asset Management LLC increased its stake in Lion Electric by 11.9% during the 2nd quarter. Wolverine Asset Management LLC now owns 23,080 shares of the company’s stock worth $97,000 after acquiring an additional 2,451 shares during the period. Vanguard Group Inc. increased its stake in Lion Electric by 17.5% during the 1st quarter. Vanguard Group Inc. now owns 34,022 shares of the company’s stock worth $285,000 after acquiring an additional 5,061 shares during the period. Finally, Lake Street Financial LLC increased its stake in Lion Electric by 22.2% during the 1st quarter. Lake Street Financial LLC now owns 30,830 shares of the company’s stock worth $259,000 after acquiring an additional 5,600 shares during the period. Institutional investors own 43.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Veritas Investment Research assumed coverage on Lion Electric in a research note on Thursday, August 25th. They set a “sell” rating on the stock. National Bankshares decreased their price target on Lion Electric from $9.00 to $4.50 and set an “outperform” rating on the stock in a research note on Friday, November 4th. DA Davidson decreased their price target on Lion Electric to $5.00 in a research note on Wednesday, November 16th. Raymond James decreased their price target on Lion Electric from $5.00 to $4.50 and set a “market perform” rating on the stock in a research note on Monday, November 14th. Finally, B. Riley assumed coverage on Lion Electric in a research note on Tuesday, September 27th. They issued a “buy” rating and a $5.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $7.41.

Lion Electric Stock Down 3.2 %

Shares of LEV opened at $3.01 on Monday. The company has a market capitalization of $586.08 million, a PE ratio of 12.04 and a beta of 2.17. The Lion Electric Company has a 12 month low of $2.36 and a 12 month high of $11.63. The stock’s 50-day moving average price is $3.02 and its two-hundred day moving average price is $4.21. The company has a current ratio of 3.18, a quick ratio of 1.59 and a debt-to-equity ratio of 0.12.

Lion Electric Profile

(Get Rating)

The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. Its products include battery systems, chassis, bus bodies, and truck cabins. The company also distributes truck and bus parts, as well as accessories.

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Institutional Ownership by Quarter for Lion Electric (NYSE:LEV)

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