Geode Capital Management LLC Grows Holdings in Workhorse Group Inc. (NASDAQ:WKHS)

Geode Capital Management LLC grew its stake in Workhorse Group Inc. (NASDAQ:WKHS) by 76.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 283,270 shares of the company’s stock after acquiring an additional 123,150 shares during the period. Geode Capital Management LLC’s holdings in Workhorse Group were worth $246,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Workhorse Group in the 2nd quarter valued at approximately $55,000. Jane Street Group LLC raised its stake 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 valued at $35,000 after acquiring an additional 19,473 shares during the period. Finally, Sei Investments Co. purchased a new stake in shares of Workhorse Group in the 2nd quarter valued at approximately $69,000. 15.98% of the stock is owned by hedge funds and other institutional investors.

Workhorse Group Stock Down 4.6 %

NASDAQ WKHS opened at $0.73 on Tuesday. Workhorse Group Inc. has a 52 week low of $0.57 and a 52 week high of $8.18. The stock has a market capitalization of $29.83 million, a PE ratio of -0.09 and a beta of 2.70. The firm has a 50 day moving average of $0.95 and a two-hundred day moving average of $1.01.

Analysts Set New Price Targets

WKHS has been the topic of several recent research reports. StockNews.com raised shares of Workhorse Group to a “sell” rating in a research note on Friday. TD Cowen upped their target price 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.

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.