HighTower Advisors LLC Makes New $112,000 Investment in Nano-X Imaging Ltd. (NASDAQ:NNOX)

HighTower Advisors LLC acquired a new stake in shares of Nano-X Imaging Ltd. (NASDAQ:NNOX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,559 shares of the company’s stock, valued at approximately $112,000.

A number of other institutional investors also recently modified their holdings of the company. Barclays PLC grew its position in Nano-X Imaging by 258.5% in the 3rd quarter. Barclays PLC now owns 86,181 shares of the company’s stock valued at $523,000 after purchasing an additional 62,140 shares during the period. ARK Investment Management LLC lifted its stake in shares of Nano-X Imaging by 19.0% in the fourth quarter. ARK Investment Management LLC now owns 300,757 shares of the company’s stock valued at $2,165,000 after buying an additional 48,124 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Nano-X Imaging during the fourth quarter valued at about $251,000. SBI Securities Co. Ltd. bought a new stake in shares of Nano-X Imaging during the fourth quarter worth about $194,000. Finally, Wesbanco Bank Inc. acquired a new stake in shares of Nano-X Imaging in the 4th quarter worth about $178,000. 21.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NNOX has been the subject of a number of analyst reports. Cantor Fitzgerald cut their price target on Nano-X Imaging from $12.00 to $9.00 and set an “overweight” rating for the company in a research note on Tuesday. D. Boral Capital reaffirmed a “buy” rating and set a $15.00 target price on shares of Nano-X Imaging in a research report on Monday, March 31st.

Nano-X Imaging Stock Performance

NASDAQ NNOX opened at $4.40 on Friday. The company has a market capitalization of $254.23 million, a PE ratio of -5.18 and a beta of 2.03. Nano-X Imaging Ltd. has a 52-week low of $4.16 and a 52-week high of $11.35. The company has a 50-day simple moving average of $6.24 and a 200 day simple moving average of $6.59.

Nano-X Imaging (NASDAQ:NNOX) last posted its quarterly earnings data on Monday, March 31st. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.08). Nano-X Imaging had a negative net margin of 465.38% and a negative return on equity of 27.63%. The firm had revenue of $3.00 million during the quarter, compared to analysts’ expectations of $3.80 million. As a group, analysts forecast that Nano-X Imaging Ltd. will post -0.92 EPS for the current fiscal year.

Nano-X Imaging Profile

Nano-X Imaging Ltd. develops a commercial-grade tomographic imaging device with a digital X-ray source. The company provides teleradiology services and develops artificial intelligence applications to be used in real-world medical imaging applications. Its X-ray source is based on a digital micro-electro-mechanical systems semiconductor cathode.