Rekor Systems, Inc. (NASDAQ:REKR) Position Increased by Lake Hills Wealth Management LLC

Lake Hills Wealth Management LLC lifted its stake in Rekor Systems, Inc. (NASDAQ:REKR) by 20.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,667 shares of the company’s stock after acquiring an additional 23,013 shares during the quarter. Lake Hills Wealth Management LLC owned approximately 0.15% of Rekor Systems worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in REKR. Bank of New York Mellon Corp lifted its holdings in Rekor Systems by 1,513.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 190,730 shares of the company’s stock worth $296,000 after buying an additional 178,912 shares in the last quarter. Rhumbline Advisers bought a new stake in Rekor Systems during the 2nd quarter worth about $94,000. Renaissance Technologies LLC acquired a new position in Rekor Systems during the second quarter worth $363,000. Sanctuary Advisors LLC acquired a new stake in shares of Rekor Systems in the second quarter valued at approximately $582,000. Finally, SG Americas Securities LLC increased its holdings in shares of Rekor Systems by 3.2% in the third quarter. SG Americas Securities LLC now owns 693,941 shares of the company’s stock valued at $819,000 after purchasing an additional 21,517 shares during the last quarter. 45.71% of the stock is owned by institutional investors.

Rekor Systems Trading Up 32.5 %

Rekor Systems stock opened at $2.08 on Thursday. Rekor Systems, Inc. has a 12 month low of $0.78 and a 12 month high of $3.78. The business’s 50 day simple moving average is $1.19 and its 200 day simple moving average is $1.29. The company has a current ratio of 0.76, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37.

Wall Street Analysts Forecast Growth

Separately, William Blair reaffirmed an “outperform” rating on shares of Rekor Systems in a report on Friday, November 15th.

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.