Rhumbline Advisers Cuts Position in LiveWire Group, Inc. (NYSE:LVWR)

Rhumbline Advisers decreased its holdings in shares of LiveWire Group, Inc. (NYSE:LVWR) by 18.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,967 shares of the company’s stock after selling 3,898 shares during the period. Rhumbline Advisers’ holdings in LiveWire Group were worth $130,000 as of its most recent SEC filing.

Separately, Bank of New York Mellon Corp raised its position in LiveWire Group by 3.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 47,209 shares of the company’s stock worth $362,000 after buying an additional 1,530 shares during the last quarter. Institutional investors and hedge funds own 0.88% of the company’s stock.

LiveWire Group Stock Up 4.2 %

NYSE LVWR opened at $6.21 on Monday. The firm has a market capitalization of $1.26 billion, a P/E ratio of -11.29 and a beta of 0.96. The company has a 50-day moving average price of $6.57 and a 200-day moving average price of $6.90. LiveWire Group, Inc. has a 52 week low of $5.20 and a 52 week high of $12.04.

LiveWire Group (NYSE:LVWR) last announced its quarterly earnings data on Thursday, July 25th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.03. LiveWire Group had a negative return on equity of 52.93% and a negative net margin of 277.31%. The company had revenue of $6.45 million during the quarter.

About LiveWire Group

LiveWire Group, Inc manufactures electric motorcycles in the United States and internationally. It operates in two segments Electric Motorcycles and STACYC. The company designs and sells electric motorcycles and parts, accessories, and apparel; and electric balance bikes for kids. It serves wholesalers, independent dealers, retailers, and through online.