99,879 Shares in Inseego Corp. (NASDAQ:INSG) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd purchased a new stake in Inseego Corp. (NASDAQ:INSG) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 99,879 shares of the technology company’s stock, valued at approximately $1,025,000.

A number of other hedge funds have also recently made changes to their positions in INSG. Aviva Holdings Ltd. bought a new stake in Inseego during the third quarter valued at $41,219,000. Geode Capital Management LLC raised its holdings in shares of Inseego by 7.6% in the 3rd quarter. Geode Capital Management LLC now owns 104,304 shares of the technology company’s stock valued at $1,704,000 after acquiring an additional 7,325 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Inseego by 28.5% during the fourth quarter. Stratos Wealth Partners LTD. now owns 34,955 shares of the technology company’s stock worth $359,000 after purchasing an additional 7,744 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Inseego by 6,510.5% in the third quarter. JPMorgan Chase & Co. now owns 34,044 shares of the technology company’s stock worth $556,000 after purchasing an additional 33,529 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in Inseego by 142.9% in the third quarter. Jane Street Group LLC now owns 24,307 shares of the technology company’s stock valued at $397,000 after purchasing an additional 80,996 shares in the last quarter. 34.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Stifel Nicolaus decreased their price target on shares of Inseego from $17.00 to $12.00 and set a “hold” rating on the stock in a report on Friday, December 20th.

Inseego Trading Down 2.9 %

Shares of NASDAQ INSG opened at $8.69 on Friday. The stock has a market cap of $130.40 million, a price-to-earnings ratio of -14.02 and a beta of 1.62. The stock’s 50-day moving average is $11.02 and its 200 day moving average is $13.30. Inseego Corp. has a 1-year low of $2.22 and a 1-year high of $20.67.

Inseego (NASDAQ:INSG) last announced its quarterly earnings data on Wednesday, February 19th. The technology company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). Inseego had a negative return on equity of 4.08% and a net margin of 2.22%. The business had revenue of $48.09 million during the quarter, compared to the consensus estimate of $45.56 million. On average, analysts forecast that Inseego Corp. will post -0.06 EPS for the current fiscal year.

Inseego Company Profile

Inseego Corp. engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments worldwide. The company provides 5G and 4G mobile broadband solutions, such as mobile hotspots under the MiFi brand; and 4G VoLTE products and 4G USB modems.