WINTON GROUP Ltd Takes $444,000 Position in Lantronix, Inc. (NASDAQ:LTRX)

WINTON GROUP Ltd purchased a new position in Lantronix, Inc. (NASDAQ:LTRX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 107,869 shares of the technology company’s stock, valued at approximately $444,000. WINTON GROUP Ltd owned approximately 0.28% of Lantronix as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the business. Barclays PLC lifted its stake in shares of Lantronix by 235.9% in the third 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. Geode Capital Management LLC lifted its position in Lantronix by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 338,202 shares of the technology company’s stock valued at $1,394,000 after acquiring an additional 10,413 shares in the last quarter. Walleye Capital LLC boosted its stake in Lantronix by 61.9% during the 3rd quarter. Walleye Capital LLC now owns 71,467 shares of the technology company’s stock valued at $294,000 after purchasing an additional 27,325 shares during the last quarter. Amundi bought a new stake in Lantronix during the 4th quarter worth approximately $42,000. Finally, Truffle Hound Capital LLC purchased a new stake in shares of Lantronix in the fourth quarter worth approximately $4,120,000. Institutional investors and hedge funds own 39.38% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LTRX. Lake Street Capital decreased their price target on Lantronix from $6.00 to $5.00 and set a “buy” rating for the company in a report on Friday, February 7th. Canaccord Genuity Group reduced their target price on shares of Lantronix from $5.00 to $4.50 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $5.50 target price on shares of Lantronix in a report on Tuesday, January 21st. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $6.00.

Lantronix Stock Down 2.7 %

LTRX stock opened at $2.52 on Monday. The stock has a market cap of $97.75 million, a P/E ratio of -19.38 and a beta of 2.00. 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 fifty day simple moving average is $3.10 and its two-hundred day simple moving average is $3.48. Lantronix, Inc. has a 1-year low of $2.49 and a 1-year high of $4.55.

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

Insider Activity

In other news, Director Hoshi Printer acquired 15,000 shares of Lantronix stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of $2.70 per share, with a total value 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 ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kevin S. Palatnik bought 20,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $2.54 per share, with a total value of $50,800.00. Following the completion of the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $50,800. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 50,000 shares of company stock valued at $129,250 in the last three months. Company insiders own 1.60% of the company’s stock.

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.