Lake Hills Wealth Management LLC Purchases 23,013 Shares of Rekor Systems, Inc. (NASDAQ:REKR)

Lake Hills Wealth Management LLC increased its stake in shares of Rekor Systems, Inc. (NASDAQ:REKR) by 20.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 136,667 shares of the company’s stock after purchasing an additional 23,013 shares during the period. Lake Hills Wealth Management LLC’s holdings in Rekor Systems were worth $213,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of REKR. LexAurum Advisors LLC purchased a new position in Rekor Systems during the 3rd quarter worth $39,000. BNP Paribas Financial Markets boosted its holdings in Rekor Systems by 38.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 34,262 shares of the company’s stock worth $40,000 after buying an additional 9,494 shares during the last quarter. Virtu Financial LLC purchased a new position in Rekor Systems in the 3rd quarter worth approximately $41,000. Pure Portfolios Holdings LLC purchased a new stake in Rekor Systems in the third quarter valued at $43,000. Finally, Rhumbline Advisers acquired a new stake in shares of Rekor Systems during the second quarter worth about $94,000. 45.71% of the stock is owned by hedge funds and other institutional investors.

Rekor Systems Stock Up 32.5 %

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

Analyst Upgrades and Downgrades

Separately, William Blair restated an “outperform” rating on shares of Rekor Systems in a research note 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.