Lake Hills Wealth Management LLC Raises Stock Position in Rekor Systems, Inc. (NASDAQ:REKR)

Lake Hills Wealth Management LLC raised its stake in Rekor Systems, Inc. (NASDAQ:REKR) by 35.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 185,612 shares of the company’s stock after buying an additional 48,945 shares during the quarter. Lake Hills Wealth Management LLC’s holdings in Rekor Systems were worth $165,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Cantor Fitzgerald L. P. purchased a new position in shares of Rekor Systems during the 4th quarter worth approximately $5,340,000. Geode Capital Management LLC increased its stake in shares of Rekor Systems by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 1,942,624 shares of the company’s stock worth $3,031,000 after purchasing an additional 129,244 shares in the last quarter. Northern Trust Corp boosted its position in Rekor Systems by 2.1% during the fourth quarter. Northern Trust Corp now owns 599,376 shares of the company’s stock worth $935,000 after acquiring an additional 12,100 shares during the last quarter. Millennium Management LLC boosted its position in Rekor Systems by 61.1% during the fourth quarter. Millennium Management LLC now owns 368,915 shares of the company’s stock worth $576,000 after acquiring an additional 139,902 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in Rekor Systems by 349.8% during the fourth quarter. Deutsche Bank AG now owns 227,639 shares of the company’s stock worth $355,000 after acquiring an additional 177,026 shares during the last quarter. 45.71% of the stock is owned by hedge funds and other institutional investors.

Rekor Systems Stock Down 3.1%

Shares of REKR opened at $1.42 on Friday. The firm has a market cap of $167.08 million, a PE ratio of -2.18 and a beta of 2.21. The company’s fifty day moving average is $0.98 and its two-hundred day moving average is $1.24. Rekor Systems, Inc. has a fifty-two week low of $0.62 and a fifty-two week high of $2.67. The company has a quick ratio of 0.63, a current ratio of 0.76 and a debt-to-equity ratio of 0.37.

Rekor Systems (NASDAQ:REKR) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The company had revenue of $9.20 million during the quarter, compared to analyst estimates of $10.92 million. Rekor Systems had a negative net margin of 119.54% and a negative return on equity of 119.85%. Analysts forecast that Rekor Systems, Inc. will post -0.57 earnings per share for the current year.

Analyst Ratings Changes

Separately, William Blair reiterated an “outperform” rating on shares of Rekor Systems in a report on Tuesday, April 1st.

About Rekor Systems

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.