Geode Capital Management LLC Grows Stake in MultiSensor AI Holdings, Inc. (NASDAQ:MSAI)

Geode Capital Management LLC grew its position in shares of MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) by 149.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,189 shares of the company’s stock after purchasing an additional 77,497 shares during the period. Geode Capital Management LLC’s holdings in MultiSensor AI were worth $279,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Verus Capital Partners LLC purchased a new position in shares of MultiSensor AI during the 3rd quarter valued at $38,000. E&G Advisors LP purchased a new position in MultiSensor AI in the third quarter worth $38,000. Sanders Morris Harris LLC grew its position in MultiSensor AI by 1.9% in the third quarter. Sanders Morris Harris LLC now owns 3,375,593 shares of the company’s stock worth $7,291,000 after acquiring an additional 62,892 shares in the last quarter. Finally, Connective Capital Management LLC purchased a new position in MultiSensor AI in the second quarter worth $137,000. 82.32% of the stock is currently owned by hedge funds and other institutional investors.

MultiSensor AI Trading Down 8.1 %

Shares of NASDAQ:MSAI opened at $1.58 on Tuesday. MultiSensor AI Holdings, Inc. has a 52-week low of $1.40 and a 52-week high of $5.00. The firm has a fifty day moving average of $1.76 and a 200 day moving average of $1.85.

MultiSensor AI (NASDAQ:MSAI) last announced its earnings results on Tuesday, November 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.20). MultiSensor AI had a negative return on equity of 668.81% and a negative net margin of 464.06%. The company had revenue of $1.60 million during the quarter, compared to analysts’ expectations of $4.50 million. As a group, equities analysts anticipate that MultiSensor AI Holdings, Inc. will post -0.83 earnings per share for the current fiscal year.

About MultiSensor AI

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.