Russell Investments Group Ltd. Decreases Stock Holdings in Genasys Inc. (NASDAQ:GNSS)

Russell Investments Group Ltd. trimmed its holdings in Genasys Inc. (NASDAQ:GNSS – Get Rating) by 17.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,918 shares of the company’s stock after selling 99,812 shares during the quarter. Russell Investments Group Ltd. owned about 1.25% of Genasys worth $1,705,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GNSS. Essex Investment Management Co. LLC increased its holdings in Genasys by 17.6% in the 4th quarter. Essex Investment Management Co. LLC now owns 258,201 shares of the company’s stock valued at $955,000 after purchasing an additional 38,585 shares during the last quarter. Legato Capital Management LLC acquired a new stake in shares of Genasys during the fourth quarter worth about $81,000. Dimensional Fund Advisors LP boosted its stake in shares of Genasys by 4.4% during the third quarter. Dimensional Fund Advisors LP now owns 285,143 shares of the company’s stock worth $790,000 after buying an additional 11,969 shares during the period. State Street Corp boosted its stake in shares of Genasys by 7.5% during the first quarter. State Street Corp now owns 135,969 shares of the company’s stock worth $374,000 after buying an additional 9,460 shares during the period. Finally, BlackRock Inc. raised its holdings in Genasys by 1.5% during the first quarter. BlackRock Inc. now owns 709,468 shares of the company’s stock worth $1,951,000 after purchasing an additional 10,178 shares in the last quarter. Institutional investors and hedge funds own 56.26% of the company’s stock.

Genasys Trading Up 5.9 %

Shares of Genasys stock opened at $3.03 on Tuesday. Genasys Inc. has a 12-month low of $2.28 and a 12-month high of $4.23. The stock has a market cap of $112.05 million, a PE ratio of -5.14 and a beta of 0.31. The company has a 50-day moving average of $2.92 and a two-hundred day moving average of $3.22.

Wall Street Analyst Weigh In

Separately, Oppenheimer increased their price target on shares of Genasys from $6.00 to $7.00 and gave the stock an “outperform” rating in a report on Friday, February 10th.

Genasys Profile

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Genasys, Inc engages in the provision of critical communications hardware and software solutions and a multi-channel approach to deliver geo-targeted alerts, notifications, instructions, and information before, during, and after public safety threats and critical business events. Its communications platform includes Genasys Emergency Management (GEM) applications, National Emergency Warning Systems (NEWS), and LRAD long-range voice broadcast systems.