ECARX Holdings, Inc. $ECX Shares Bought by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp ET AL boosted its position in ECARX by 430.1% in Q3, purchasing an additional 1,038,476 shares to hold 1,279,950 shares (about 0.35% of the company) worth roughly $2.57 million.
• ECARX opened at $1.12 with a market cap of about $399 million and a 52-week range of $0.76–$2.70; the company reported $0.01 EPS for the quarter (beating estimates) but revenue missed, and analysts forecast a -0.42 EPS for the fiscal year.
• Analyst sentiment is negative with a consensus rating of Sell, including recent downgrades from Weiss Ratings and Zacks Research.

Tudor Investment Corp ET AL grew its position in shares of ECARX Holdings, Inc. (NASDAQ:ECX - Free Report) by 430.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,279,950 shares of the company's stock after purchasing an additional 1,038,476 shares during the quarter. Tudor Investment Corp ET AL owned 0.35% of ECARX worth $2,573,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Invesco Ltd. grew its holdings in shares of ECARX by 5.8% in the 2nd quarter. Invesco Ltd. now owns 253,689 shares of the company's stock worth $520,000 after acquiring an additional 13,859 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of ECARX by 1.4% in the 3rd quarter. Legal & General Group Plc now owns 1,155,630 shares of the company's stock worth $2,317,000 after acquiring an additional 16,420 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of ECARX by 43.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 74,498 shares of the company's stock worth $94,000 after acquiring an additional 22,498 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of ECARX in the 3rd quarter worth $51,000. Finally, Squarepoint Ops LLC acquired a new position in shares of ECARX in the 3rd quarter worth $59,000.

ECARX Price Performance

Shares of ECARX stock opened at $1.12 on Friday. The stock has a market cap of $399.25 million, a PE ratio of -5.60 and a beta of 0.96. The business has a fifty day simple moving average of $1.39 and a 200-day simple moving average of $1.78. ECARX Holdings, Inc. has a 12 month low of $0.76 and a 12 month high of $2.70.

ECARX (NASDAQ:ECX - Get Free Report) last issued its earnings results on Thursday, February 12th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.04. The firm had revenue of $301.06 million during the quarter, compared to analyst estimates of $311.90 million. Analysts expect that ECARX Holdings, Inc. will post -0.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ECX shares. Weiss Ratings restated a "sell (e+)" rating on shares of ECARX in a report on Wednesday, January 21st. Zacks Research cut ECARX from a "hold" rating to a "strong sell" rating in a report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Sell".

ECARX Profile

ECARX is a global automotive technology company focused on developing and delivering smart cockpit solutions for original equipment manufacturers (OEMs). The company designs and manufactures a range of in-vehicle computing platforms, central processing units, digital instrument clusters and multimedia infotainment systems. ECARX's core offerings integrate software, hardware and cloud connectivity to create seamless user experiences for drivers and passengers.

The company's product portfolio spans telematics control units, over-the-air update frameworks and next-generation human-machine interfaces (HMI).

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