PEAK6 LLC Purchases 424,000 Shares of KULR Technology Group, Inc. $KULR

Key Points

• PEAK6 LLC significantly increased its stake in KULR Technology Group by purchasing 424,000 shares, growing its total holdings by 2,585.4% during the first quarter.
• KULR Technology Group's stock is currently trading at $4.70, with a market capitalization of $193.22 million and a yearly price range between $1.77 and $43.92.
• Institutional investors and hedge funds collectively own 21.23% of KULR Technology Group, indicating growing interest from large financial entities in the company's prospects.

PEAK6 LLC grew its holdings in KULR Technology Group, Inc. (NYSEAMERICAN:KULR - Free Report) by 2,585.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 440,400 shares of the company's stock after acquiring an additional 424,000 shares during the period. PEAK6 LLC owned 0.16% of KULR Technology Group worth $581,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Gotham Asset Management LLC bought a new position in KULR Technology Group in the fourth quarter worth approximately $39,000. Brevan Howard Capital Management LP bought a new position in shares of KULR Technology Group in the fourth quarter worth about $41,000. Alteri Wealth LLC bought a new position in shares of KULR Technology Group in the fourth quarter worth about $57,000. Squarepoint Ops LLC bought a new position in shares of KULR Technology Group in the fourth quarter worth about $69,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of KULR Technology Group in the first quarter worth about $26,000. 21.23% of the stock is currently owned by institutional investors.

KULR Technology Group Stock Performance

Shares of NYSEAMERICAN KULR traded down $0.15 during trading on Thursday, hitting $4.41. The company had a trading volume of 1,038,886 shares, compared to its average volume of 2,203,790. The stock has a 50 day simple moving average of $5.73 and a 200 day simple moving average of $9.35. KULR Technology Group, Inc. has a 12 month low of $1.77 and a 12 month high of $43.92. The firm has a market capitalization of $181.09 million, a P/E ratio of -7.59 and a beta of 2.10.

About KULR Technology Group

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.