Manatuck Hill Partners LLC Cuts Holdings in Lantronix, Inc. $LTRX

Manatuck Hill Partners LLC cut its stake in Lantronix, Inc. (NASDAQ:LTRX) by 80.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,000 shares of the technology company’s stock after selling 200,200 shares during the quarter. Manatuck Hill Partners LLC’s holdings in Lantronix were worth $293,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Engineers Gate Manager LP raised its position in Lantronix by 79.1% in the fourth quarter. Engineers Gate Manager LP now owns 20,964 shares of the technology company’s stock valued at $123,000 after purchasing an additional 9,256 shares during the period. Balyasny Asset Management L.P. purchased a new position in Lantronix in the fourth quarter valued at about $86,000. 683 Capital Management LLC purchased a new position in Lantronix in the fourth quarter valued at about $1,209,000. Schonfeld Strategic Advisors LLC purchased a new position in Lantronix in the fourth quarter valued at about $155,000. Finally, Trexquant Investment LP purchased a new position in Lantronix in the fourth quarter valued at about $142,000. 39.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the company. Canaccord Genuity Group assumed coverage on Lantronix in a research report on Monday, June 8th. They issued a “buy” rating and a $10.50 price objective on the stock. Needham & Company LLC assumed coverage on Lantronix in a research report on Friday, June 12th. They issued a “buy” rating and a $11.00 price objective on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Lantronix in a research report on Tuesday, April 21st. Wall Street Zen lowered Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Finally, UBS Group reissued a “buy” rating on shares of Lantronix in a research report on Friday, June 12th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Lantronix presently has a consensus rating of “Moderate Buy” and an average price target of $9.88.

Lantronix Stock Down 2.1%

Shares of NASDAQ LTRX opened at $6.46 on Thursday. Lantronix, Inc. has a 1 year low of $2.43 and a 1 year high of $8.75. The firm has a market cap of $284.11 million, a price-to-earnings ratio of -38.00 and a beta of 1.64. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.80 and a current ratio of 2.74. The stock’s 50-day simple moving average is $6.55 and its 200-day simple moving average is $6.18.

Lantronix (NASDAQ:LTRX) last announced its earnings results on Wednesday, May 6th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%.The business had revenue of $30.18 million for the quarter, compared to analysts’ expectations of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. As a group, equities analysts anticipate that Lantronix, Inc. will post -0.11 earnings per share for the current fiscal year.

Lantronix Company Profile

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.