WINTON GROUP Ltd Acquires New Holdings in AudioEye, Inc. (NASDAQ:AEYE)

WINTON GROUP Ltd bought a new position in AudioEye, Inc. (NASDAQ:AEYE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 25,827 shares of the company’s stock, valued at approximately $393,000.

Several other hedge funds have also modified their holdings of the company. R Squared Ltd bought a new position in shares of AudioEye during the 4th quarter worth approximately $36,000. MetLife Investment Management LLC purchased a new position in AudioEye in the third quarter worth $54,000. Ieq Capital LLC acquired a new position in shares of AudioEye during the fourth quarter worth $153,000. Skylands Capital LLC purchased a new stake in shares of AudioEye during the 4th quarter valued at $206,000. Finally, Quantbot Technologies LP acquired a new stake in shares of AudioEye in the 4th quarter worth $225,000. 51.11% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other AudioEye news, Director James B. Hawkins acquired 13,300 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were purchased at an average price of $15.39 per share, for a total transaction of $204,687.00. Following the completion of the purchase, the director now directly owns 114,382 shares of the company’s stock, valued at $1,760,338.98. The trade was a 13.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 40.70% of the stock is currently owned by insiders.

AudioEye Trading Down 2.4 %

Shares of NASDAQ:AEYE opened at $11.26 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.92. AudioEye, Inc. has a 52-week low of $8.44 and a 52-week high of $34.85. The stock has a market cap of $139.77 million, a price-to-earnings ratio of -41.70, a PEG ratio of 2.03 and a beta of 1.11. The business has a 50-day moving average price of $15.17 and a 200-day moving average price of $19.46.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. HC Wainwright reduced their target price on AudioEye from $37.00 to $22.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of AudioEye in a report on Thursday, March 13th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $26.10.

About AudioEye

AudioEye, Inc provides patented, internet content publication, distribution software, and related services to Internet and other media to people regardless of their device, location, or disabilities in the United States. Its software and services enable conversion of digital content into accessible formats and allows for real time distribution to end users on any Internet connected device.