Cibc World Market Inc. Has $916,000 Stock Position in The Lion Electric Company (NYSE:LEV)

Cibc World Market Inc. decreased its position in The Lion Electric Company (NYSE:LEVGet Rating) by 5.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 217,683 shares of the company’s stock after selling 13,396 shares during the period. Cibc World Market Inc. owned approximately 0.11% of Lion Electric worth $916,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Swiss National Bank grew its holdings in shares of Lion Electric by 19.7% in the 2nd quarter. Swiss National Bank now owns 134,900 shares of the company’s stock valued at $567,000 after buying an additional 22,200 shares during the period. Shell Asset Management Co. grew its holdings in shares of Lion Electric by 40.7% in the 2nd quarter. Shell Asset Management Co. now owns 6,774 shares of the company’s stock valued at $28,000 after buying an additional 1,959 shares during the period. Keebeck Alpha LP acquired a new position in shares of Lion Electric in the 2nd quarter valued at $66,000. MQS Management LLC grew its holdings in shares of Lion Electric by 46.9% in the 2nd quarter. MQS Management LLC now owns 21,399 shares of the company’s stock valued at $90,000 after buying an additional 6,836 shares during the period. Finally, Scotia Capital Inc. grew its holdings in shares of Lion Electric by 57.5% in the 2nd quarter. Scotia Capital Inc. now owns 31,691 shares of the company’s stock valued at $133,000 after buying an additional 11,572 shares during the period. Institutional investors and hedge funds own 43.83% of the company’s stock.

Lion Electric Stock Down 3.2 %

Shares of LEV stock opened at $3.01 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.59 and a current ratio of 3.18. The firm’s 50-day moving average is $3.02 and its 200-day moving average is $4.21. The stock has a market cap of $586.08 million, a price-to-earnings ratio of 12.04 and a beta of 2.17. The Lion Electric Company has a 52-week low of $2.36 and a 52-week high of $11.63.

Wall Street Analyst Weigh In

LEV has been the subject of a number of research analyst reports. Raymond James reduced their target price on shares of Lion Electric from $5.00 to $4.50 and set a “market perform” rating for the company in a research note on Monday, November 14th. DA Davidson reduced their target price on shares of Lion Electric to $5.00 in a research note on Wednesday, November 16th. Veritas Investment Research initiated coverage on shares of Lion Electric in a research note on Thursday, August 25th. They issued a “sell” rating for the company. B. Riley initiated coverage on shares of Lion Electric in a research note on Tuesday, September 27th. They issued a “buy” rating and a $5.00 target price for the company. Finally, Canaccord Genuity Group lowered shares of Lion Electric from a “buy” rating to a “hold” rating and reduced their target price for the stock from $8.00 to $2.50 in a research note on Friday, October 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $7.41.

Lion Electric Company Profile

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The Lion Electric Company designs, develops, manufactures, and distributes purpose-built all-electric medium and heavy-duty urban vehicles in North America. Its products include battery systems, chassis, bus bodies, and truck cabins. The company also distributes truck and bus parts, as well as accessories.

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Institutional Ownership by Quarter for Lion Electric (NYSE:LEV)

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