Sei Investments Co. Buys New Position in Workhorse Group Inc. (NASDAQ:WKHS)

Sei Investments Co. bought a new stake in Workhorse Group Inc. (NASDAQ:WKHS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 44,034 shares of the company’s stock, valued at approximately $69,000. Sei Investments Co. owned approximately 0.23% of Workhorse Group as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Workhorse Group by 4.6% during the first quarter. Vanguard Group Inc. now owns 10,323,640 shares of the company’s stock valued at $2,422,000 after acquiring an additional 453,085 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Workhorse Group by 83.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 330,457 shares of the company’s stock valued at $78,000 after acquiring an additional 149,960 shares during the last quarter. Finally, Swedbank AB purchased a new position in shares of Workhorse Group in the first quarter valued at $303,000. Institutional investors own 15.98% of the company’s stock.

Analysts Set New Price Targets

Separately, TD Cowen reduced their price target on Workhorse Group from $3.00 to $0.25 and set a “hold” rating for the company in a research report on Wednesday, August 21st.

Workhorse Group Stock Performance

NASDAQ:WKHS opened at $0.79 on Friday. The stock has a fifty day moving average of $0.85 and a 200 day moving average of $2.29. Workhorse Group Inc. has a 52-week low of $0.57 and a 52-week high of $9.97. The firm has a market capitalization of $19.29 million, a price-to-earnings ratio of -0.08 and a beta of 2.52.

Workhorse Group (NASDAQ:WKHS) last released its quarterly earnings data on Monday, August 19th. The company reported ($1.40) EPS for the quarter, hitting the consensus estimate of ($1.40). The firm had revenue of $0.84 million for the quarter, compared to the consensus estimate of $3.00 million. Workhorse Group had a negative return on equity of 163.23% and a negative net margin of 1,366.25%. During the same quarter in the previous year, the business earned ($2.40) earnings per share. Equities analysts forecast that Workhorse Group Inc. will post -4.65 earnings per share for the current fiscal year.

Workhorse Group 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.