AMH Equity Ltd Decreases Holdings in Lantronix, Inc. (NASDAQ:LTRX)

AMH Equity Ltd trimmed its position in Lantronix, Inc. (NASDAQ:LTRX) by 9.2% during the first quarter, HoldingsChannel.com reports. The fund owned 1,199,856 shares of the technology company’s stock after selling 121,378 shares during the quarter. Lantronix makes up 4.2% of AMH Equity Ltd’s portfolio, making the stock its 7th biggest position. AMH Equity Ltd’s holdings in Lantronix were worth $4,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Citigroup Inc. bought a new position in Lantronix in the third quarter valued at approximately $35,000. SG Americas Securities LLC acquired a new stake in Lantronix in the first quarter valued at approximately $55,000. Hillsdale Investment Management Inc. acquired a new stake in Lantronix in the fourth quarter valued at approximately $148,000. Jump Financial LLC boosted its position in Lantronix by 115.4% in the fourth quarter. Jump Financial LLC now owns 31,990 shares of the technology company’s stock valued at $187,000 after buying an additional 17,138 shares in the last quarter. Finally, Essex Investment Management Co. LLC boosted its position in Lantronix by 1.6% in the first quarter. Essex Investment Management Co. LLC now owns 404,158 shares of the technology company’s stock valued at $1,439,000 after buying an additional 6,171 shares in the last quarter. 39.38% of the stock is owned by institutional investors.

Lantronix Trading Down 1.8 %

LTRX stock traded down $0.07 during midday trading on Friday, hitting $3.73. The stock had a trading volume of 190,157 shares, compared to its average volume of 155,403. The firm has a market cap of $140.17 million, a P/E ratio of -20.72 and a beta of 2.13. The company has a current ratio of 2.25, a quick ratio of 1.32 and a debt-to-equity ratio of 0.18. Lantronix, Inc. has a 1-year low of $3.08 and a 1-year high of $6.95. The business has a fifty day moving average price of $3.72 and a two-hundred day moving average price of $4.24.

Lantronix (NASDAQ:LTRX) last released its earnings results on Monday, April 29th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The business had revenue of $41.18 million for the quarter, compared to analyst estimates of $40.80 million. Lantronix had a negative net margin of 4.48% and a negative return on equity of 8.47%. On average, sell-side analysts predict that Lantronix, Inc. will post -0.06 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LTRX has been the topic of a number of research analyst reports. Roth Mkm restated a “buy” rating and issued a $9.00 target price on shares of Lantronix in a research report on Monday, June 17th. Needham & Company LLC restated a “buy” rating and issued a $7.00 target price on shares of Lantronix in a research report on Tuesday, April 30th. Lake Street Capital cut their target price on shares of Lantronix from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. StockNews.com upgraded shares of Lantronix from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 25th. Finally, Craig Hallum cut their price target on shares of Lantronix from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Lantronix currently has a consensus rating of “Buy” and a consensus target price of $8.50.

Insider Buying and Selling at Lantronix

In related news, CEO Saleel Awsare purchased 10,000 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was purchased at an average cost of $3.66 per share, with a total value of $36,600.00. Following the completion of the purchase, the chief executive officer now owns 30,000 shares in the company, valued at approximately $109,800. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Lantronix news, CEO Saleel Awsare bought 10,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was bought at an average cost of $3.66 per share, with a total value of $36,600.00. Following the completion of the transaction, the chief executive officer now directly owns 30,000 shares in the company, valued at approximately $109,800. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jason Cohenour bought 21,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average cost of $3.63 per share, with a total value of $76,230.00. Following the completion of the transaction, the director now owns 33,909 shares of the company’s stock, valued at $123,089.67. The disclosure for this purchase can be found here. Insiders own 17.30% 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.