Bank of America Corp DE Buys 505,327 Shares of KULR Technology Group, Inc. $KULR

Key Points

• Bank of America significantly increased its KULR Technology Group stake by purchasing 505,327 additional shares, bringing its holdings to 705,505 shares valued at approximately $1.67 million.
• Institutional ownership of KULR stands at 21.23%, with several other firms—including BNP Paribas, LPL Financial, and Russell Investments—also expanding their positions.
• KULR reported a sharp quarterly loss, missing earnings expectations by $0.39 per share and generating $2.08 million in revenue versus the $9 million estimate. The stock opened at $2.55, well below its 52-week high of $6.00.

Bank of America Corp DE boosted its stake in shares of KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Free Report) by 252.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 705,505 shares of the company's stock after buying an additional 505,327 shares during the period. Bank of America Corp DE owned approximately 1.53% of KULR Technology Group worth $1,672,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in KULR Technology Group by 147.9% during the third quarter. BNP Paribas Financial Markets now owns 6,956 shares of the company's stock valued at $29,000 after acquiring an additional 4,150 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of KULR Technology Group by 13.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 40,578 shares of the company's stock worth $121,000 after purchasing an additional 4,757 shares during the period. Vontobel Holding Ltd. boosted its stake in shares of KULR Technology Group by 12.6% during the 4th quarter. Vontobel Holding Ltd. now owns 43,633 shares of the company's stock worth $129,000 after purchasing an additional 4,893 shares during the period. LPL Financial LLC grew its holdings in KULR Technology Group by 51.1% during the 4th quarter. LPL Financial LLC now owns 16,158 shares of the company's stock valued at $48,000 after purchasing an additional 5,466 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in KULR Technology Group by 201.7% during the 4th quarter. Russell Investments Group Ltd. now owns 9,167 shares of the company's stock valued at $27,000 after purchasing an additional 6,129 shares during the last quarter. 21.23% of the stock is currently owned by institutional investors.

KULR Technology Group Price Performance

KULR Technology Group stock opened at $2.55 on Friday. KULR Technology Group, Inc. has a 1-year low of $1.94 and a 1-year high of $6.00. The firm has a market capitalization of $118.01 million, a P/E ratio of -1.15 and a beta of 2.30. The company's 50-day moving average is $2.90 and its 200 day moving average is $3.05.

KULR Technology Group (NYSEAMERICAN:KULR - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.39). KULR Technology Group had a negative net margin of 607.65% and a negative return on equity of 57.69%. The business had revenue of $2.08 million for the quarter, compared to analysts' expectations of $9.00 million. Research analysts anticipate that KULR Technology Group, Inc. will post -0.55 earnings per share for the current fiscal year.

KULR Technology Group Company Profile

KULR Technology Group, Inc, through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for electronics, batteries, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; automated battery cell screening and test systems; cellchecks; safecases; fiber thermal interface materials; phase change material heat sinks; internal short circuit devices; and CRUX cathodes. The company's technologies are used in electric vehicles, energy storage, battery recycling transportation, cloud computing, and 5G communication devices.

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