SG Americas Securities LLC increased its position in EVgo, Inc. (NYSE:EVGO)

SG Americas Securities LLC raised its holdings in EVgo, Inc. (NYSE:EVGO – Free Report) by 47.0% during the second quarter, Holdings Channel.com reports. The firm owned 24,049 shares of the company’s stock after acquiring an additional 7,687 shares during the period. SG Americas Securities LLC’s holdings in EVgo were worth $59,000 at the end of the most recent quarter.

Several other institutional investors have recently added to or reduced their stakes in EVGO. International Assets Investment Management LLC purchased a new stake in EVgo in the 4th quarter valued at about $580,000. Handelsbanken Fonder AB acquired a new stake in shares of EVgo in the fourth quarter valued at approximately $121,000. Wellington Management Group LLP boosted its holdings in EVgo by 34.9% in the fourth quarter. Wellington Management Group LLP now owns 3,675,314 shares of the company’s stock valued at $13,158,000 after buying an additional 951,272 shares during the period. Vanguard Group Inc. grew its position in EVgo by 0.4% in the first quarter. Vanguard Group Inc. now owns 9,698,722 shares of the company’s stock worth $24,344,000 after buying an additional 37,168 shares during the last quarter. Finally, Voisard Asset Management Group Inc. purchased a new position in EVgo during the fourth quarter valued at approximately $29,000. 17.44% of the shares are currently held by institutional investors and hedge funds.

The Wall Street analyst weighs in

A number of analysts recently commented on EVGO shares. Citigroup dropped their price objective on EVgo from $3.00 to $2.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. Benchmark boosted their price objective on EVgo from $3.00 to $5.00 and gave the stock a “buy” rating in a report on Friday, July 12th. UBS Group initiated coverage on EVgo in a report on Monday, July 22nd. They set a “neutral” rating and a $4.00 price target for the company. Evercore ISI cut their target price on shares of EVgo from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. Finally, Stifel Nicolaus reduced their price objective on shares of EVgo from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th . Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Moderate Buy” and a consensus price target of $4.63, according to MarketBeat.

Read the latest stock analysis on EVGO

Insider transactions at EVgo

In related news, insider Francine Sullivan sold 12,584 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $3.60, for a total value of $45,302.40. Following the sale, the insider now directly owns 117,327 shares of the company’s stock, valued at $422,377.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Chairman Dennis G. Kish sold 16,414 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $3.60, for a total value of $59,090.40. Following the completion of the sale, the chairman now directly owns 47,614 shares in the company, valued at approximately $171,410.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. Also, insider Francine Sullivan sold 12,584 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $3.60, for a total value of $45,302.40. Following the transaction, the insider now owns 117,327 shares in the company, valued at $422,377.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,475 shares of company stock worth $110,189. 66.96% of shares are currently owned by corporate insiders.

EVgo stock down 0.5%

EVGO opened at $4.34 on Wednesday. The firm has a market cap of $1.31 billion, a P/E ratio of -11.42 and a beta of 2.58. The company’s 50-day moving average is $3.35 and its 200-day moving average is $2.63. EVgo, Inc. it has a 52-week low of $1.65 and a 52-week high of $4.70.

EVgo (NYSE:EVGO – Get Your Free Report ) last released its quarterly earnings data on Thursday, August 1st. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. The firm had revenue of $66.62 million during the quarter, compared to analysts’ expectations of $59.40 million. The company’s quarterly revenue was up 31.8% year over year. During the same period in the previous year, the company earned ($0.08) earnings per share. Equities analysts expect that EVgo, Inc. to post -0.38 earnings per share for the current fiscal year.

EVgo profile

(Free Report)

EVgo, Inc owns and operates a DC fast charging network for electric vehicles (EVs) in the United States. The company provides electricity directly to drivers, who access publicly available network chargers; original equipment manufacturer loading and related services; public fleet charging and sharing services; and charging as a service and dedicated fleet charging services.

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Want to see what other hedge funds own EVGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for EVgo, Inc. (NYSE:EVGO – Free Report).

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