Squarepoint Ops LLC Lowers Holdings in Rekor Systems, Inc. (NASDAQ:REKR)

Squarepoint Ops LLC trimmed its position in Rekor Systems, Inc. (NASDAQ:REKR) by 33.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,411 shares of the company’s stock after selling 69,884 shares during the period. Squarepoint Ops LLC owned 0.16% of Rekor Systems worth $218,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Rekor Systems by 31.7% during the first quarter. Vanguard Group Inc. now owns 3,453,249 shares of the company’s stock valued at $7,908,000 after buying an additional 830,761 shares during the period. Hood River Capital Management LLC purchased a new position in shares of Rekor Systems during the first quarter worth about $2,769,000. International Assets Investment Management LLC grew its holdings in shares of Rekor Systems by 257.1% during the first quarter. International Assets Investment Management LLC now owns 36,250 shares of the company’s stock worth $82,000 after purchasing an additional 26,100 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Rekor Systems by 76.2% in the first quarter. SG Americas Securities LLC now owns 62,746 shares of the company’s stock worth $144,000 after purchasing an additional 27,133 shares during the last quarter. Finally, Sei Investments Co. purchased a new stake in Rekor Systems in the first quarter valued at approximately $454,000. 45.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wedbush reissued an “outperform” rating on shares of Rekor Systems in a research note on Thursday, August 15th.

Rekor Systems Trading Up 8.4 %

NASDAQ REKR opened at $1.16 on Friday. The stock’s 50-day simple moving average is $1.25 and its two-hundred day simple moving average is $1.59. Rekor Systems, Inc. has a twelve month low of $1.01 and a twelve month high of $3.92. The company has a quick ratio of 0.67, a current ratio of 0.84 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $99.02 million, a price-to-earnings ratio of -1.59 and a beta of 1.96.

Rekor Systems (NASDAQ:REKR) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.01. The firm had revenue of $12.43 million for the quarter, compared to analyst estimates of $12.15 million. Rekor Systems had a negative return on equity of 112.99% and a negative net margin of 118.66%. Research analysts forecast that Rekor Systems, Inc. will post -0.49 EPS for the current fiscal year.

Rekor Systems Company Profile

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.