Healthcare of Ontario Pension Plan Trust Fund Purchases 122,938 Shares of The Lion Electric Company (NYSE:LEV)

Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of The Lion Electric Company (NYSE:LEVGet Rating) by 65.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 311,572 shares of the company’s stock after acquiring an additional 122,938 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.16% of Lion Electric worth $1,312,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Lion Electric during the 2nd quarter worth approximately $485,000. Power Corp of Canada acquired a new position in Lion Electric during the 1st quarter valued at approximately $565,330,000. Keebeck Alpha LP acquired a new position in Lion Electric during the 2nd quarter valued at approximately $66,000. Richelieu Gestion PLC increased its stake in Lion Electric by 3.8% during the 2nd quarter. Richelieu Gestion PLC now owns 296,700 shares of the company’s stock valued at $1,249,000 after purchasing an additional 10,750 shares in the last quarter. Finally, MQS Management LLC increased its stake in Lion Electric by 46.9% during the 2nd quarter. MQS Management LLC now owns 21,399 shares of the company’s stock valued at $90,000 after purchasing an additional 6,836 shares in the last quarter. Institutional investors own 43.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Raymond James cut their price target on shares of Lion Electric from $5.00 to $4.50 and set a “market perform” rating on the stock in a research note on Monday, November 14th. National Bankshares cut their price target on shares of Lion Electric from $9.00 to $4.50 and set an “outperform” rating on the stock in a research note on Friday, November 4th. Veritas Investment Research initiated coverage on shares of Lion Electric in a research note on Thursday, August 25th. They set a “sell” rating on the stock. B. Riley initiated coverage on shares of Lion Electric in a report on Tuesday, September 27th. They issued a “buy” rating and a $5.00 price objective on the stock. Finally, Canaccord Genuity Group downgraded shares of Lion Electric from a “buy” rating to a “hold” rating and dropped their price objective for the company from $8.00 to $2.50 in a report on Friday, October 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Lion Electric currently has an average rating of “Hold” and a consensus price target of $7.41.

Lion Electric Stock Performance

Shares of NYSE LEV opened at $2.93 on Friday. The company’s fifty day moving average price is $2.95 and its 200 day moving average price is $4.13. The Lion Electric Company has a 1 year low of $2.36 and a 1 year high of $11.61. The company has a market capitalization of $570.50 million, a PE ratio of 11.72 and a beta of 2.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 3.18.

Lion Electric 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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