Vontobel Holding Ltd. reduced its holdings in GreenPower Motor Company Inc. (NASDAQ:GP – Get Rating) by 21.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,731 shares of the company's stock after selling 11,405 shares during the quarter. Vontobel Holding Ltd. owned 0.18% of GreenPower Motor worth $95,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its holdings in shares of GreenPower Motor by 307.8% in the 1st quarter. Renaissance Technologies LLC now owns 135,398 shares of the company's stock worth $927,000 after purchasing an additional 102,198 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of GreenPower Motor by 112.2% in the 1st quarter. Royal Bank of Canada now owns 8,272 shares of the company's stock worth $56,000 after purchasing an additional 4,373 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of GreenPower Motor in the 2nd quarter worth about $46,000. JPMorgan Chase & Co. boosted its holdings in GreenPower Motor by 84.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,243 shares of the company's stock valued at $45,000 after acquiring an additional 6,518 shares during the period. Finally, UBS Group AG boosted its holdings in GreenPower Motor by 293.5% during the 2nd quarter. UBS Group AG now owns 10,220 shares of the company's stock valued at $33,000 after acquiring an additional 7,623 shares during the period. 4.59% of the stock is currently owned by institutional investors.Get GreenPower Motor alerts:
GreenPower Motor Trading Down 1.3 %
Shares of GP stock opened at $3.85 on Friday. The stock has a market capitalization of $91.59 million, a PE ratio of -4.87 and a beta of 3.59. GreenPower Motor Company Inc. has a 1-year low of $1.67 and a 1-year high of $9.34. The business has a 50-day moving average of $2.57 and a 200 day moving average of $2.71. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.08 and a quick ratio of 0.30.GreenPower Motor (NASDAQ:GP – Get Rating) last released its quarterly earnings data on Monday, November 14th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.01). GreenPower Motor had a negative return on equity of 54.59% and a negative net margin of 84.03%. The business had revenue of $7.73 million during the quarter, compared to analysts' expectations of $5.12 million. As a group, sell-side analysts anticipate that GreenPower Motor Company Inc. will post -0.48 earnings per share for the current year.
Analyst Upgrades and Downgrades
Separately, B. Riley dropped their target price on GreenPower Motor from $6.00 to $5.00 and set a "buy" rating for the company in a report on Wednesday, November 16th.
About GreenPower Motor
GreenPower Motor Co, Inc engages in the design, manufacture, and distribution of electric powered vehicles for commercial markets. It offers electric-powered school buses, vans, charter buses, and double-deckers. The company was founded by Fraser Atkinson and Phillip W. Oldridge on March 30, 2010 and is headquartered in Vancouver, Canada.
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