SG Americas Securities LLC Boosts Holdings in Rekor Systems, Inc. (NASDAQ:REKR)

SG Americas Securities LLC raised its holdings in Rekor Systems, Inc. (NASDAQ:REKR) by 3.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 693,941 shares of the company’s stock after buying an additional 21,517 shares during the quarter. SG Americas Securities LLC owned approximately 0.81% of Rekor Systems worth $819,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AWM Investment Company Inc. purchased a new stake in shares of Rekor Systems during the 1st quarter worth about $3,323,000. Hood River Capital Management LLC purchased a new stake in shares of Rekor Systems during the 1st quarter worth about $2,769,000. Vanguard Group Inc. grew its holdings in shares of Rekor Systems by 31.7% during the 1st quarter. Vanguard Group Inc. now owns 3,453,249 shares of the company’s stock worth $7,908,000 after purchasing an additional 830,761 shares during the period. Curated Wealth Partners LLC grew its holdings in shares of Rekor Systems by 200.0% during the 2nd quarter. Curated Wealth Partners LLC now owns 200,000 shares of the company’s stock worth $310,000 after purchasing an additional 400,000 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Rekor Systems during the 2nd quarter worth about $582,000. Hedge funds and other institutional investors own 45.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

Rekor Systems Stock Performance

Rekor Systems stock opened at $1.16 on Friday. The stock’s 50 day moving average price is $1.25 and its 200 day moving average price is $1.59. The firm has a market capitalization of $99.02 million, a PE ratio of -1.59 and a beta of 1.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.67 and a current ratio of 0.84. Rekor Systems, Inc. has a one year low of $1.01 and a one year high of $3.92.

Rekor Systems (NASDAQ:REKR) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.12) EPS for the quarter, topping 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%. As a group, sell-side analysts expect that Rekor Systems, Inc. will post -0.49 EPS for the current fiscal year.

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.