Workhorse Group Inc. (NASDAQ:WKHS) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD boosted its stake in shares of Workhorse Group Inc. (NASDAQ:WKHS) by 33.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 58,848 shares of the company’s stock after buying an additional 14,639 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Workhorse Group were worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Global Wealth Management Investment Advisory Inc. grew its position in shares of Workhorse Group by 37.3% in the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 2,855 shares of the company’s stock valued at $56,000 after purchasing an additional 775 shares during the last quarter. Sterling Investment Advisors Ltd. grew its position in shares of Workhorse Group by 271.4% in the fourth quarter. Sterling Investment Advisors Ltd. now owns 1,300 shares of the company’s stock valued at $26,000 after purchasing an additional 950 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Workhorse Group by 1.0% in the fourth quarter. Alliancebernstein L.P. now owns 115,200 shares of the company’s stock valued at $2,279,000 after purchasing an additional 1,100 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Workhorse Group in the fourth quarter valued at approximately $28,000. Finally, Eudaimonia Partners LLC acquired a new stake in shares of Workhorse Group in the third quarter valued at approximately $43,000. Institutional investors own 21.43% of the company’s stock.

WKHS has been the topic of several recent analyst reports. Oppenheimer downgraded shares of Workhorse Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 24th. Colliers Securities reaffirmed a “hold” rating on shares of Workhorse Group in a research note on Monday, March 8th. Roth Capital cut their price target on shares of Workhorse Group from $19.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 2nd. Finally, TheStreet raised shares of Workhorse Group from an “e+” rating to a “c-” rating in a research note on Tuesday, March 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Workhorse Group presently has a consensus rating of “Hold” and an average price target of $19.88.

Shares of WKHS stock opened at $11.65 on Friday. The company’s fifty day simple moving average is $14.85 and its 200-day simple moving average is $22.35. Workhorse Group Inc. has a 52 week low of $1.97 and a 52 week high of $42.96. The company has a market cap of $1.48 billion, a PE ratio of -6.30, a P/E/G ratio of 9.07 and a beta of 2.80.

Workhorse Group (NASDAQ:WKHS) last issued its earnings results on Sunday, February 28th. The company reported $3.22 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $3.35. The business had revenue of $0.65 million during the quarter, compared to analysts’ expectations of $1.25 million. As a group, equities analysts forecast that Workhorse Group Inc. will post 0.07 earnings per share for the current fiscal year.

In related news, insider Gregory T. Ackerson sold 6,445 shares of the firm’s stock in a transaction on Wednesday, January 27th. The shares were sold at an average price of $37.50, for a total transaction of $241,687.50. Following the completion of the sale, the insider now directly owns 97,335 shares of the company’s stock, valued at approximately $3,650,062.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Duane Hughes sold 200,000 shares of the firm’s stock in a transaction on Tuesday, January 26th. The shares were sold at an average price of $29.00, for a total transaction of $5,800,000.00. Following the sale, the chief executive officer now directly owns 320,085 shares of the company’s stock, valued at $9,282,465. The disclosure for this sale can be found here. In the last three months, insiders sold 391,445 shares of company stock worth $11,750,738. Insiders own 5.90% of the company’s stock.

Workhorse Group Company Profile

Workhorse Group Inc, a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency.

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Institutional Ownership by Quarter for Workhorse Group (NASDAQ:WKHS)

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