Charles Schwab Investment Management Inc. Decreases Position in iLearningEngines, Inc. (NASDAQ:AILE)

Charles Schwab Investment Management Inc. lowered its stake in iLearningEngines, Inc. (NASDAQ:AILE) by 33.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 279,500 shares of the company’s stock after selling 140,727 shares during the period. Charles Schwab Investment Management Inc. owned about 0.20% of iLearningEngines worth $467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in iLearningEngines in the third quarter valued at approximately $29,000. Claro Advisors LLC lifted its position in shares of iLearningEngines by 75.6% during the 3rd quarter. Claro Advisors LLC now owns 20,746 shares of the company’s stock worth $35,000 after purchasing an additional 8,929 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of iLearningEngines during the second quarter worth $102,000. Squarepoint Ops LLC purchased a new position in iLearningEngines in the second quarter valued at $123,000. Finally, Rhumbline Advisers acquired a new stake in iLearningEngines in the second quarter valued at $217,000. Hedge funds and other institutional investors own 32.94% of the company’s stock.

iLearningEngines Trading Up 3.9 %

AILE stock opened at $0.98 on Friday. The company has a debt-to-equity ratio of 20.27, a current ratio of 3.40 and a quick ratio of 3.40. iLearningEngines, Inc. has a twelve month low of $0.70 and a twelve month high of $20.00. The company’s 50 day moving average is $1.38 and its two-hundred day moving average is $3.93.

Analysts Set New Price Targets

Separately, Benchmark reaffirmed a “buy” rating and set a $18.00 price objective on shares of iLearningEngines in a research report on Tuesday, November 19th.

iLearningEngines Company 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.