Morse Asset Management Inc Has $877,000 Stake in iLearningEngines, Inc. (NASDAQ:AILE)

Morse Asset Management Inc boosted its stake in iLearningEngines, Inc. (NASDAQ:AILE) by 208.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 524,950 shares of the company’s stock after purchasing an additional 354,988 shares during the period. Morse Asset Management Inc owned about 0.37% of iLearningEngines worth $877,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AILE. SG Americas Securities LLC acquired a new stake in shares of iLearningEngines during the 3rd quarter valued at $29,000. Claro Advisors LLC raised its position in iLearningEngines by 75.6% in the third quarter. Claro Advisors LLC now owns 20,746 shares of the company’s stock valued at $35,000 after purchasing an additional 8,929 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of iLearningEngines during the second quarter valued at about $102,000. Squarepoint Ops LLC acquired a new stake in shares of iLearningEngines during the second quarter valued at about $123,000. Finally, Rhumbline Advisers bought a new stake in shares of iLearningEngines during the second quarter worth about $217,000. Institutional investors and hedge funds own 32.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a “buy” rating and set a $18.00 target price on shares of iLearningEngines in a report on Tuesday, November 19th.

iLearningEngines Price Performance

Shares of AILE stock opened at $1.35 on Wednesday. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 20.27. iLearningEngines, Inc. has a one year low of $0.70 and a one year high of $20.00. The business’s 50 day simple moving average is $1.48 and its 200 day simple moving average is $4.31.

iLearningEngines Company Profile

iLearningEngines, Inc operates an artificial intelligence (AI) platform for learning automation. The company’s AI learning and engagement platform offers a cloud-based, mobile, offline, and multimedia capabilities that is used to deliver personalized learning and engagement modules. Its platform includes Learning Experience Platform, that addresses the corporate learning market; and Information Intelligence Platform which addresses the information management, analytics, and automation markets.