Rekor Systems, Inc. (NASDAQ:REKR) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lessened its holdings in shares of Rekor Systems, Inc. (NASDAQ:REKR) by 67.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,223 shares of the company’s stock after selling 187,256 shares during the quarter. Bank of America Corp DE owned about 0.10% of Rekor Systems worth $142,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. LPL Financial LLC lifted its position in shares of Rekor Systems by 1,666.6% during the fourth quarter. LPL Financial LLC now owns 204,133 shares of the company’s stock worth $318,000 after purchasing an additional 192,578 shares in the last quarter. Barclays PLC raised its holdings in Rekor Systems by 11.7% in the fourth quarter. Barclays PLC now owns 116,615 shares of the company’s stock valued at $182,000 after acquiring an additional 12,188 shares in the last quarter. Northern Trust Corp raised its holdings in Rekor Systems by 2.1% in the fourth quarter. Northern Trust Corp now owns 599,376 shares of the company’s stock valued at $935,000 after acquiring an additional 12,100 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Rekor Systems by 44.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,163 shares of the company’s stock valued at $52,000 after acquiring an additional 10,159 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Rekor Systems by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 1,942,624 shares of the company’s stock valued at $3,031,000 after acquiring an additional 129,244 shares in the last quarter. Institutional investors and hedge funds own 45.71% of the company’s stock.

Rekor Systems Stock Up 2.4%

Shares of NASDAQ:REKR opened at $1.30 on Tuesday. The firm’s 50 day moving average price is $1.05 and its 200 day moving average price is $1.26. The stock has a market cap of $153.50 million, a price-to-earnings ratio of -2.00 and a beta of 2.26. 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 issued its earnings results on Wednesday, May 14th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.02). Rekor Systems had a negative net margin of 119.54% and a negative return on equity of 119.85%. The firm had revenue of $9.20 million during the quarter, compared to analyst estimates of $10.92 million. As a group, equities research analysts predict that Rekor Systems, Inc. will post -0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.