Lantronix, Inc. (NASDAQ:LTRX) Shares Bought by AMH Equity Ltd

AMH Equity Ltd lifted its position in shares of Lantronix, Inc. (NASDAQ:LTRX) by 16.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,321,234 shares of the technology company’s stock after buying an additional 182,552 shares during the period. Lantronix comprises about 7.0% of AMH Equity Ltd’s investment portfolio, making the stock its 5th largest holding. AMH Equity Ltd’s holdings in Lantronix were worth $7,742,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of LTRX. Citigroup Inc. acquired a new position in shares of Lantronix during the third quarter worth about $35,000. Algert Global LLC bought a new stake in Lantronix during the third quarter worth about $50,000. Jump Financial LLC bought a new stake in Lantronix during the third quarter worth about $66,000. Quadrature Capital Ltd bought a new stake in Lantronix during the third quarter worth about $109,000. Finally, Barclays PLC bought a new stake in Lantronix during the third quarter worth about $176,000. 39.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on LTRX shares. Roth Mkm dropped their target price on Lantronix from $12.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, February 9th. StockNews.com upgraded Lantronix from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 13th. Finally, Needham & Company LLC dropped their target price on Lantronix from $8.50 to $7.00 and set a “buy” rating on the stock in a report on Tuesday, March 12th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lantronix has a consensus rating of “Buy” and a consensus price target of $9.20.

Insider Activity

In other news, major shareholder Bernhard Bruscha sold 9,409 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $6.03, for a total value of $56,736.27. Following the transaction, the insider now owns 5,406,471 shares of the company’s stock, valued at $32,601,020.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder Bernhard Bruscha sold 9,409 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $6.03, for a total value of $56,736.27. Following the transaction, the insider now owns 5,406,471 shares of the company’s stock, valued at $32,601,020.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Saleel Awsare bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average cost of $3.91 per share, for a total transaction of $78,200.00. Following the transaction, the chief executive officer now directly owns 20,000 shares of the company’s stock, valued at approximately $78,200. The disclosure for this purchase can be found here. 17.30% of the stock is owned by company insiders.

Lantronix Price Performance

NASDAQ:LTRX opened at $3.27 on Friday. The company has a quick ratio of 1.19, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. The stock’s 50 day moving average price is $3.59 and its two-hundred day moving average price is $4.77. The firm has a market capitalization of $122.56 million, a price-to-earnings ratio of -13.08 and a beta of 2.12. Lantronix, Inc. has a 12-month low of $3.08 and a 12-month high of $6.95.

Lantronix (NASDAQ:LTRX) last released its quarterly earnings data on Thursday, February 8th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The business had revenue of $37.04 million during the quarter, compared to the consensus estimate of $37.20 million. Lantronix had a negative net margin of 6.67% and a negative return on equity of 11.89%. On average, analysts anticipate that Lantronix, Inc. will post -0.04 earnings per share for the current year.

Lantronix Profile

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.