SG Americas Securities LLC Grows Position in Rekor Systems, Inc. (NASDAQ:REKR)

SG Americas Securities LLC raised its holdings in Rekor Systems, Inc. (NASDAQ:REKRFree Report) by 42.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,613 shares of the company’s stock after acquiring an additional 10,610 shares during the period. SG Americas Securities LLC’s holdings in Rekor Systems were worth $119,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in shares of Rekor Systems during the 3rd quarter valued at about $26,000. Parkside Financial Bank & Trust increased its position in shares of Rekor Systems by 233.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 10,000 shares of the company’s stock valued at $28,000 after purchasing an additional 7,000 shares during the last quarter. Freedom Wealth Alliance LLC bought a new position in shares of Rekor Systems during the 3rd quarter valued at about $32,000. Eudaimonia Partners LLC bought a new position in shares of Rekor Systems during the 3rd quarter valued at about $33,000. Finally, Jump Financial LLC bought a new position in shares of Rekor Systems during the 3rd quarter valued at about $39,000. 45.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, William Blair reiterated an “outperform” rating on shares of Rekor Systems in a research report on Tuesday, March 26th.

Check Out Our Latest Report on Rekor Systems

Rekor Systems Price Performance

REKR opened at $1.84 on Friday. The stock’s 50 day simple moving average is $2.24 and its 200 day simple moving average is $2.74. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.47 and a quick ratio of 1.29. Rekor Systems, Inc. has a 1 year low of $1.00 and a 1 year high of $4.15. The firm has a market cap of $156.99 million, a price-to-earnings ratio of -2.52 and a beta of 2.12.

Rekor Systems (NASDAQ:REKRGet Free Report) last posted its quarterly earnings results on Monday, March 25th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The company had revenue of $11.07 million for the quarter, compared to the consensus estimate of $10.72 million. Rekor Systems had a negative return on equity of 106.96% and a negative net margin of 130.78%. As a group, analysts predict that Rekor Systems, Inc. will post -0.28 earnings per share for the current year.

Rekor Systems Company Profile

(Free Report)

Rekor Systems, Inc, a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company’s platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders.

See Also

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Institutional Ownership by Quarter for Rekor Systems (NASDAQ:REKR)

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