Virtu Financial LLC Invests $51,000 in Workhorse Group Inc. (NASDAQ:WKHS)

Virtu Financial LLC acquired a new stake in shares of Workhorse Group Inc. (NASDAQ:WKHS) during the third quarter, according to its most recent filing with the SEC. The fund acquired 58,163 shares of the company’s stock, valued at approximately $51,000. Virtu Financial LLC owned 0.24% of Workhorse Group as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in WKHS. Jane Street Group LLC increased its position in shares of Workhorse Group by 91.6% during the third quarter. Jane Street Group LLC now owns 40,742 shares of the company’s stock valued at $35,000 after buying an additional 19,473 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Workhorse Group during the second quarter valued at approximately $55,000. Sei Investments Co. purchased a new position in Workhorse Group during the second quarter valued at approximately $69,000. Finally, Geode Capital Management LLC increased its holdings in Workhorse Group by 76.9% during the 3rd quarter. Geode Capital Management LLC now owns 283,270 shares of the company’s stock worth $246,000 after acquiring an additional 123,150 shares during the period. Hedge funds and other institutional investors own 15.98% of the company’s stock.

Workhorse Group Price Performance

Shares of Workhorse Group stock opened at $0.80 on Friday. Workhorse Group Inc. has a 1 year low of $0.57 and a 1 year high of $8.18. The firm has a market cap of $32.92 million, a PE ratio of -0.10 and a beta of 2.63. The company has a 50 day simple moving average of $0.96 and a two-hundred day simple moving average of $1.23.

Wall Street Analyst Weigh In

WKHS has been the subject of a number of recent analyst reports. TD Cowen boosted their price target on shares of Workhorse Group from $0.25 to $1.25 and gave the company a “hold” rating in a research report on Wednesday, November 20th. StockNews.com upgraded Workhorse Group to a “sell” rating in a research report on Wednesday.

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.