Verition Fund Management LLC Buys New Shares in Workhorse Group Inc. (NASDAQ:WKHS)

Verition Fund Management LLC bought a new stake in shares of Workhorse Group Inc. (NASDAQ:WKHS – Get Rating) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,772 shares of the company’s stock, valued at approximately $31,000.

A number of other large investors also recently modified their holdings of WKHS. MetLife Investment Management LLC increased its holdings in shares of Workhorse Group by 47.7% in the 3rd quarter. MetLife Investment Management LLC now owns 78,634 shares of the company’s stock worth $226,000 after buying an additional 25,392 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Workhorse Group by 164.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 21,205 shares of the company’s stock valued at $61,000 after purchasing an additional 13,185 shares during the last quarter. New York State Common Retirement Fund grew its stake in Workhorse Group by 34.8% in the 3rd quarter. New York State Common Retirement Fund now owns 105,162 shares of the company’s stock worth $302,000 after acquiring an additional 27,145 shares in the last quarter. Virtu Financial LLC bought a new position in Workhorse Group in the 3rd quarter worth about $159,000. Finally, Jump Financial LLC bought a new position in Workhorse Group in the 3rd quarter worth about $414,000. Hedge funds and other institutional investors own 32.09% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on WKHS. B. Riley dropped their target price on shares of Workhorse Group from $5.00 to $4.00 in a research note on Friday, December 9th. Cowen upped their price target on shares of Workhorse Group to $5.00 in a research report on Monday, December 12th. Finally, BTIG Research lowered their price target on shares of Workhorse Group to $8.00 in a research report on Tuesday, November 15th.

Workhorse Group Stock Down 2.5 %

NASDAQ:WKHS opened at $1.59 on Friday. Workhorse Group Inc. has a 52 week low of $1.40 and a 52 week high of $5.39. The firm has a 50 day moving average of $1.98 and a 200 day moving average of $2.32. The stock has a market capitalization of $272.16 million, a price-to-earnings ratio of -2.15 and a beta of 2.85.

Workhorse Group Company Profile

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Workhorse Group, Inc is a technology company, which engages in the provision of sustainable solutions to the commercial transportation sector. It operates as an original equipment manufacturer, which designs and builds battery-electric vehicles including trucks and aircraft. The firm also creates all-electric delivery trucks and drone systems.