University of Texas Texas AM Investment Managment Co. Decreases Stake in Spectral AI, Inc. (NASDAQ:MDAI)

University of Texas Texas AM Investment Managment Co. cut its stake in shares of Spectral AI, Inc. (NASDAQ:MDAI) by 61.7% during the 4th quarter, HoldingsChannel reports. The firm owned 255,236 shares of the company’s stock after selling 410,622 shares during the period. Spectral AI comprises 0.3% of University of Texas Texas AM Investment Managment Co.’s investment portfolio, making the stock its 9th largest position. University of Texas Texas AM Investment Managment Co.’s holdings in Spectral AI were worth $628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cantor Fitzgerald L. P. bought a new stake in Spectral AI during the 4th quarter worth approximately $38,000. Citigroup Inc. bought a new stake in shares of Spectral AI in the 3rd quarter valued at $62,000. Hsbc Holdings PLC bought a new stake in shares of Spectral AI in the 3rd quarter valued at $224,000. Highlander Partners L.P. boosted its stake in shares of Spectral AI by 18.6% in the 4th quarter. Highlander Partners L.P. now owns 900,000 shares of the company’s stock valued at $2,214,000 after purchasing an additional 141,416 shares during the last quarter. Finally, Rathbones Group PLC bought a new stake in shares of Spectral AI in the 3rd quarter valued at $1,119,000. 67.08% of the stock is owned by institutional investors.

Spectral AI Trading Up 1.3 %

Shares of NASDAQ:MDAI traded up $0.02 during trading on Friday, reaching $1.61. The stock had a trading volume of 115,587 shares, compared to its average volume of 233,768. The firm’s fifty day moving average is $1.76 and its 200 day moving average is $2.17. Spectral AI, Inc. has a 52 week low of $1.52 and a 52 week high of $19.50.

Spectral AI (NASDAQ:MDAI) last posted its quarterly earnings data on Tuesday, May 7th. The company reported ($0.19) EPS for the quarter. The firm had revenue of $6.33 million for the quarter.

About Spectral AI

Spectral AI, Inc, an artificial intelligence (AI) company, focuses on developing predictive medical diagnostics in the United States. The company develops medical diagnostics for faster and accurate treatment decisions in wound care with applications involving patients with burns and diabetic foot ulcers.