Posted by admin on Aug 5th, 2022

Arizona State Retirement System increased its stake in shares of Workhorse Group Inc. (NASDAQ:WKHS – Get Rating) by 40.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 42,165 shares of the company’s stock after acquiring an additional 12,141 shares during the period. Arizona State Retirement System’s holdings in Workhorse Group were worth $211,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new stake in shares of Workhorse Group in the 4th quarter valued at $98,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Workhorse Group in the fourth quarter valued at about $234,000. Cim Investment Management Inc. lifted its holdings in shares of Workhorse Group by 247.6% in the fourth quarter. Cim Investment Management Inc. now owns 35,686 shares of the company’s stock valued at $190,000 after purchasing an additional 25,421 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Workhorse Group by 310.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 16,715 shares of the company’s stock worth $73,000 after acquiring an additional 12,638 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Workhorse Group during the fourth quarter worth about $231,000. Institutional investors own 33.80% of the company’s stock.

NASDAQ:WKHS opened at $4.49 on Friday. Workhorse Group Inc. has a 12 month low of $2.11 and a 12 month high of $10.68. The stock has a market capitalization of $734.17 million, a PE ratio of -1.87 and a beta of 2.90. The company has a current ratio of 8.78, a quick ratio of 8.19 and a debt-to-equity ratio of 0.16. The firm’s 50 day moving average is $3.02 and its 200 day moving average is $3.31.

Workhorse Group (NASDAQ:WKHS – Get Rating) last announced its earnings results on Tuesday, May 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.03). The company had revenue of $0.01 million for the quarter, compared to the consensus estimate of $0.28 million. During the same period in the previous year, the business earned ($1.04) EPS. Sell-side analysts expect that Workhorse Group Inc. will post -0.51 earnings per share for the current year.

Separately, DA Davidson dropped their price objective on Workhorse Group from $5.00 to $3.00 in a research note on Monday, May 16th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.90.

Workhorse Group Inc, a technology company, engages in design, manufacture, and sale of zero-emission commercial vehicles in the United States. The company offers electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, a custom-designed purpose-built all-electric drone system.

Want to see what other hedge funds are holding WKHS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workhorse Group Inc. (NASDAQ:WKHS – Get Rating).

Receive News & Ratings for Workhorse Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Workhorse Group and related companies with MarketBeat.com's FREE daily email newsletter.

SVB Leerink Boosts Repligen (NASDAQ:RGEN) Price Target to $250.00

Arizona State Retirement System Acquires 1,186 Shares of Janus International Group, Inc. (NYSE:JBI)