Sanders Morris Harris LLC Lowers Stock Position in MultiSensor AI Holdings, Inc. (NASDAQ:MSAI)

Sanders Morris Harris LLC cut its position in shares of MultiSensor AI Holdings, Inc. (NASDAQ:MSAI) by 2.8% during the 4th quarter, Holdings Channel reports. The firm owned 3,281,995 shares of the company’s stock after selling 93,598 shares during the quarter. MultiSensor AI makes up approximately 1.0% of Sanders Morris Harris LLC’s holdings, making the stock its 15th largest holding. Sanders Morris Harris LLC owned 0.11% of MultiSensor AI worth $6,430,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Connective Capital Management LLC purchased a new position in shares of MultiSensor AI during the 2nd quarter valued at $137,000. E&G Advisors LP bought a new position in MultiSensor AI during the third quarter valued at approximately $38,000. Verus Capital Partners LLC bought a new stake in MultiSensor AI in the third quarter worth $38,000. Geode Capital Management LLC boosted its position in MultiSensor AI by 149.9% during the third quarter. Geode Capital Management LLC now owns 129,189 shares of the company’s stock valued at $279,000 after buying an additional 77,497 shares during the period. Finally, 272 Capital LP bought a new position in shares of MultiSensor AI during the third quarter valued at about $243,000. 82.32% of the stock is owned by institutional investors.

MultiSensor AI Stock Performance

MSAI opened at $1.53 on Thursday. MultiSensor AI Holdings, Inc. has a 1 year low of $1.40 and a 1 year high of $5.00. The stock’s 50 day simple moving average is $1.75 and its 200 day simple moving average is $1.85.

MultiSensor AI (NASDAQ:MSAI) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.20). MultiSensor AI had a negative return on equity of 668.81% and a negative net margin of 464.06%. The business had revenue of $1.60 million during the quarter, compared to analysts’ expectations of $4.50 million. Analysts expect that MultiSensor AI Holdings, Inc. will post -0.83 EPS for the current fiscal year.

MultiSensor AI Profile

MultiSensor AI Holdings, Inc manufactures and distributes multi-sensor systems for thermographic and other use in various industrial applications in the United States and internationally. The company offers sensor devices ranging from small to large handheld designs with built-in displays and controls, fixed-mounted pan-tilt-zoom single- and multi-sensor camera standalone systems, and mobile multi-sensor payload and gimbal systems for unmanned aerial vehicles and unmanned ground vehicles.