WINTON GROUP Ltd Buys Shares of 99,879 Inseego Corp. (NASDAQ:INSG)

WINTON GROUP Ltd bought a new position in shares of Inseego Corp. (NASDAQ:INSG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 99,879 shares of the technology company's stock, valued at approximately $1,025,000. WINTON GROUP Ltd owned about 0.67% of Inseego as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Aviva Holdings Ltd. acquired a new stake in Inseego in the third quarter worth approximately $41,219,000. Geode Capital Management LLC boosted its holdings in Inseego by 7.6% during the third quarter. Geode Capital Management LLC now owns 104,304 shares of the technology company's stock worth $1,704,000 after buying an additional 7,325 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in Inseego by 28.5% in the fourth quarter. Stratos Wealth Partners LTD. now owns 34,955 shares of the technology company's stock worth $359,000 after buying an additional 7,744 shares during the last quarter. JPMorgan Chase & Co. increased its holdings 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 valued at $556,000 after buying an additional 33,529 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of Inseego by 142.9% during the third quarter. Jane Street Group LLC now owns 24,307 shares of the technology company's stock worth $397,000 after purchasing an additional 80,996 shares during the period. Institutional investors and hedge funds own 34.20% of the company's stock.

Inseego Stock Performance

Shares of INSG traded down $0.91 during trading hours on Thursday, hitting $7.46. 46,984 shares of the company were exchanged, compared to its average volume of 193,773. The company has a market cap of $111.94 million, a PE ratio of -12.03 and a beta of 1.62. The firm's 50 day moving average is $10.82 and its 200-day moving average is $13.11. Inseego Corp. has a 52 week low of $2.22 and a 52 week high of $20.67.

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

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reduced their price target on shares of Inseego from $17.00 to $12.00 and set a "hold" rating for the company in a research report on Friday, December 20th.

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.