Nuveen Asset Management LLC Lowers Holdings in Rekor Systems, Inc. (NASDAQ:REKR)

Nuveen Asset Management LLC decreased its position in Rekor Systems, Inc. (NASDAQ:REKR - Free Report) by 90.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 96,176 shares of the company's stock after selling 880,840 shares during the period. Nuveen Asset Management LLC owned about 0.10% of Rekor Systems worth $150,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cantor Fitzgerald L. P. bought a new stake in shares of Rekor Systems in the fourth quarter worth about $5,340,000. LPL Financial LLC lifted its holdings in Rekor Systems by 1,666.6% in the 4th quarter. LPL Financial LLC now owns 204,133 shares of the company's stock worth $318,000 after buying an additional 192,578 shares during the period. Deutsche Bank AG lifted its holdings in Rekor Systems by 349.8% in the 4th quarter. Deutsche Bank AG now owns 227,639 shares of the company's stock worth $355,000 after buying an additional 177,026 shares during the period. Prescott Group Capital Management L.L.C. bought a new stake in shares of Rekor Systems in the 4th quarter worth approximately $257,000. Finally, Millennium Management LLC increased its stake in shares of Rekor Systems by 61.1% during the fourth quarter. Millennium Management LLC now owns 368,915 shares of the company's stock valued at $576,000 after buying an additional 139,902 shares during the period. 45.71% of the stock is owned by hedge funds and other institutional investors.

Rekor Systems Stock Down 6.9%

Shares of NASDAQ:REKR traded down $0.10 during trading on Tuesday, hitting $1.35. The stock had a trading volume of 4,154,622 shares, compared to its average volume of 3,765,770. The company has a market capitalization of $159.40 million, a PE ratio of -2.08 and a beta of 2.26. The company has a quick ratio of 0.63, a current ratio of 0.76 and a debt-to-equity ratio of 0.37. The firm's fifty day moving average is $1.00 and its 200 day moving average is $1.25. Rekor Systems, Inc. has a 12 month low of $0.62 and a 12 month high of $2.67.

Rekor Systems (NASDAQ:REKR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.02). Rekor Systems had a negative return on equity of 119.85% and a negative net margin of 119.54%. The firm had revenue of $9.20 million during the quarter, compared to the consensus estimate of $10.92 million. Analysts anticipate that Rekor Systems, Inc. will post -0.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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.