Tranquility Partners LLC Takes Position in Workhorse Group Inc (NASDAQ:WKHS)

Tranquility Partners LLC bought a new stake in Workhorse Group Inc (NASDAQ:WKHS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,500 shares of the company’s stock, valued at approximately $31,000.

Other large investors have also recently bought and sold shares of the company. Cannell Peter B & Co. Inc. raised its position in Workhorse Group by 28.9% in the 2nd quarter. Cannell Peter B & Co. Inc. now owns 1,447,342 shares of the company’s stock worth $4,255,000 after purchasing an additional 324,903 shares during the last quarter. BlackRock Inc. grew its holdings in Workhorse Group by 756.4% during the 2nd quarter. BlackRock Inc. now owns 1,073,924 shares of the company’s stock worth $3,157,000 after acquiring an additional 948,521 shares during the period. Wells Fargo & Company MN grew its holdings in Workhorse Group by 17.2% during the 2nd quarter. Wells Fargo & Company MN now owns 444,371 shares of the company’s stock worth $1,306,000 after acquiring an additional 65,076 shares during the period. Independent Advisor Alliance acquired a new stake in Workhorse Group during the 2nd quarter worth $1,073,000. Finally, Cutter & CO Brokerage Inc. acquired a new stake in Workhorse Group during the 2nd quarter worth $705,000. Institutional investors own 18.51% of the company’s stock.

Several brokerages have recently issued reports on WKHS. ValuEngine lowered shares of Workhorse Group from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BidaskClub lowered shares of Workhorse Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 5th.

WKHS traded up $0.15 during trading on Friday, hitting $3.12. The company had a trading volume of 3,478,828 shares, compared to its average volume of 2,639,447. Workhorse Group Inc has a one year low of $0.37 and a one year high of $5.37. The firm’s 50-day moving average price is $3.81 and its 200 day moving average price is $2.19.

Workhorse Group Company Profile

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

See Also: Arbitrage

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

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