SG Americas Securities LLC Has $119,000 Position in Rekor Systems, Inc. (NASDAQ:REKR)

SG Americas Securities LLC increased its stake in shares of Rekor Systems, Inc. (NASDAQ:REKR) by 42.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,613 shares of the company’s stock after buying an additional 10,610 shares during the quarter. SG Americas Securities LLC owned about 0.05% of Rekor Systems worth $119,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in REKR. Swiss National Bank grew its position in Rekor Systems by 7.8% during the first quarter. Swiss National Bank now owns 83,200 shares of the company’s stock worth $379,000 after buying an additional 6,000 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Rekor Systems by 19.6% in the 1st quarter. JPMorgan Chase & Co. now owns 26,075 shares of the company’s stock valued at $119,000 after purchasing an additional 4,282 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of Rekor Systems in the 1st quarter valued at $156,000. Rhumbline Advisers boosted its holdings in shares of Rekor Systems by 16.1% in the 1st quarter. Rhumbline Advisers now owns 34,677 shares of the company’s stock valued at $158,000 after purchasing an additional 4,803 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Rekor Systems by 18.0% in the 1st quarter. Vanguard Group Inc. now owns 2,066,646 shares of the company’s stock valued at $9,423,000 after purchasing an additional 315,534 shares in the last quarter. Institutional investors and hedge funds own 45.71% of the company’s stock.

Rekor Systems Trading Down 0.5 %

Shares of REKR stock opened at $1.84 on Friday. The stock’s fifty day moving average price is $2.24 and its two-hundred day moving average price is $2.74. The company has a market cap of $156.99 million, a PE ratio of -2.52 and a beta of 2.12. Rekor Systems, Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $4.15. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.29 and a current ratio of 1.47.

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

Analyst Upgrades and Downgrades

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

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.