Northstar Group Inc. Sells 30,000 Shares of Rekor Systems, Inc. (NASDAQ:REKR)

Northstar Group Inc. decreased its position in Rekor Systems, Inc. (NASDAQ:REKR) by 55.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,363 shares of the company’s stock after selling 30,000 shares during the period. Northstar Group Inc.’s holdings in Rekor Systems were worth $38,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in REKR. State Street Corp increased its stake in shares of Rekor Systems by 14.7% in the 3rd quarter. State Street Corp now owns 1,514,044 shares of the company’s stock valued at $1,787,000 after acquiring an additional 194,323 shares in the last quarter. Barclays PLC increased its stake in Rekor Systems by 332.0% in the third quarter. Barclays PLC now owns 104,427 shares of the company’s stock valued at $123,000 after purchasing an additional 80,255 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Rekor Systems by 5.5% during the third quarter. Geode Capital Management LLC now owns 1,813,380 shares of the company’s stock valued at $2,140,000 after purchasing an additional 94,907 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Rekor Systems during the 2nd quarter worth about $582,000. Finally, SG Americas Securities LLC grew its stake in shares of Rekor Systems by 2.7% in the 4th quarter. SG Americas Securities LLC now owns 712,681 shares of the company’s stock valued at $1,112,000 after buying an additional 18,740 shares during the period. Institutional investors and hedge funds own 45.71% of the company’s stock.

Rekor Systems Stock Performance

NASDAQ REKR opened at $2.28 on Friday. The company has a market cap of $213.91 million, a P/E ratio of -3.51 and a beta of 1.74. The company has a fifty day simple moving average of $1.44 and a 200 day simple moving average of $1.31. The company has a current ratio of 0.76, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. Rekor Systems, Inc. has a 12-month low of $0.78 and a 12-month high of $2.80.

Analyst Upgrades and Downgrades

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

Rekor Systems Profile

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.