WINTON GROUP Ltd Makes New Investment in Lantronix, Inc. (NASDAQ:LTRX)

WINTON GROUP Ltd purchased a new stake in shares of Lantronix, Inc. (NASDAQ:LTRX) in the fourth quarter, Holdings Channel.com reports. The firm purchased 107,869 shares of the technology company’s stock, valued at approximately $444,000.

A number of other hedge funds have also recently made changes to their positions in LTRX. Amundi bought a new stake in Lantronix during the fourth quarter valued at $42,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Lantronix during the third quarter valued at approximately $60,000. Bank of New York Mellon Corp grew its stake in Lantronix by 84.4% in the 4th quarter. Bank of New York Mellon Corp now owns 41,502 shares of the technology company’s stock worth $171,000 after buying an additional 18,996 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Lantronix by 43.9% in the 4th quarter. American Century Companies Inc. now owns 43,937 shares of the technology company’s stock worth $181,000 after buying an additional 13,402 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Lantronix by 235.9% during the 3rd quarter. Barclays PLC now owns 62,321 shares of the technology company’s stock valued at $257,000 after buying an additional 43,770 shares in the last quarter. 39.38% of the stock is currently owned by hedge funds and other institutional investors.

Lantronix Stock Down 2.7 %

Shares of NASDAQ:LTRX opened at $2.52 on Monday. The company has a current ratio of 2.56, a quick ratio of 1.69 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average price is $3.10 and its 200-day moving average price is $3.48. The stock has a market capitalization of $97.75 million, a P/E ratio of -19.38 and a beta of 2.00. Lantronix, Inc. has a 12-month low of $2.49 and a 12-month high of $4.55.

Lantronix (NASDAQ:LTRX) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.13). Lantronix had a negative return on equity of 2.62% and a negative net margin of 3.15%. On average, equities analysts anticipate that Lantronix, Inc. will post -0.23 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on LTRX. Lake Street Capital reduced their target price on Lantronix from $6.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, February 7th. Canaccord Genuity Group reduced their price objective on Lantronix from $5.00 to $4.50 and set a “buy” rating on the stock in a research report on Friday, February 7th. Finally, Needham & Company LLC restated a “buy” rating and issued a $5.50 target price on shares of Lantronix in a research report on Tuesday, January 21st. Six research analysts have rated the stock with a buy rating, According to MarketBeat, Lantronix presently has an average rating of “Buy” and an average price target of $6.00.

Insiders Place Their Bets

In other news, Director Hoshi Printer bought 15,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of $2.70 per share, for a total transaction of $40,500.00. Following the completion of the acquisition, the director now owns 191,425 shares in the company, valued at approximately $516,847.50. This trade represents a 8.50 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Kevin S. Palatnik bought 20,000 shares of the business’s stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of $2.54 per share, for a total transaction of $50,800.00. Following the completion of the purchase, the director now directly owns 20,000 shares of the company’s stock, valued at $50,800. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 50,000 shares of company stock valued at $129,250 in the last quarter. Insiders own 1.60% of the company’s stock.

About Lantronix

Lantronix, Inc provides solutions for video surveillance, infotainment systems, and intelligent substations infrastructure in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan. The company's IoT products include IoT System Solutions, which provide wired and wireless connections that enhance the value and utility of modern electronic systems and equipment through secure network connectivity, power for IoT end devices through Power over Ethernet, application hosting, protocol conversion, media conversion, secure access for distributed IoT deployments, and various other functions; Embedded IoT Modules, such as application processing delivering compute to meet customer needs for data transformation, computer vision, machine learning, augmented/virtual reality, audio/video aggregation and distribution, and custom applications; and Software and Engineering Services offers SaaS platform that enables customers to deploy, monitor, manage, and automate across their global deployments through a single platform login.