The Manufacturers Life Insurance Company Acquires New Position in iLearningEngines, Inc. (NASDAQ:AILE)

The Manufacturers Life Insurance Company purchased a new stake in shares of iLearningEngines, Inc. (NASDAQ:AILE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,191 shares of the company’s stock, valued at approximately $102,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Morse Asset Management Inc bought a new position in iLearningEngines in the 2nd quarter worth $1,543,000. Bank of New York Mellon Corp bought a new position in shares of iLearningEngines in the second quarter worth about $775,000. Rhumbline Advisers purchased a new stake in shares of iLearningEngines during the second quarter worth about $217,000. Squarepoint Ops LLC bought a new stake in iLearningEngines during the 2nd quarter valued at approximately $123,000. Finally, Claro Advisors LLC purchased a new position in iLearningEngines in the 2nd quarter worth approximately $107,000. 32.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Benchmark reiterated a “buy” rating and set a $18.00 price objective on shares of iLearningEngines in a research report on Wednesday, September 11th.

iLearningEngines Stock Performance

Shares of iLearningEngines stock opened at $1.61 on Monday. iLearningEngines, Inc. has a twelve month low of $0.71 and a twelve month high of $20.00. The company has a quick ratio of 3.40, a current ratio of 3.40 and a debt-to-equity ratio of 20.27. The firm’s 50-day moving average price is $2.02.

iLearningEngines (NASDAQ:AILE) last posted its earnings results on Tuesday, August 13th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $135.54 million for the quarter, compared to the consensus estimate of $127.00 million. Sell-side analysts expect that iLearningEngines, Inc. will post -0.08 EPS for the current year.

iLearningEngines Profile

iLearningEngines, Inc operates an artificial intelligence (AI) platform for learning automation. The company’s AI learning and engagement platform offers a cloud-based, mobile, offline, and multimedia capabilities that is used to deliver personalized learning and engagement modules. Its platform includes Learning Experience Platform, that addresses the corporate learning market; and Information Intelligence Platform which addresses the information management, analytics, and automation markets.