Nano-X Imaging Ltd. (NASDAQ:NNOX) Shares Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its stake in Nano-X Imaging Ltd. (NASDAQ:NNOX) by 14.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,210 shares of the company’s stock after acquiring an additional 2,600 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Nano-X Imaging were worth $148,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in shares of Nano-X Imaging by 13.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,716 shares of the company’s stock valued at $135,000 after buying an additional 1,612 shares during the period. State Board of Administration of Florida Retirement System raised its position in Nano-X Imaging by 17.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 16,000 shares of the company’s stock valued at $156,000 after purchasing an additional 2,380 shares during the period. Van ECK Associates Corp raised its position in Nano-X Imaging by 14.1% in the second quarter. Van ECK Associates Corp now owns 22,293 shares of the company’s stock valued at $164,000 after purchasing an additional 2,755 shares during the period. Rhumbline Advisers lifted its stake in shares of Nano-X Imaging by 3.9% in the 2nd quarter. Rhumbline Advisers now owns 75,920 shares of the company’s stock valued at $557,000 after purchasing an additional 2,818 shares during the last quarter. Finally, Tempus Wealth Planning LLC grew its holdings in shares of Nano-X Imaging by 4.7% during the 1st quarter. Tempus Wealth Planning LLC now owns 105,215 shares of the company’s stock worth $1,028,000 after purchasing an additional 4,750 shares during the period. Hedge funds and other institutional investors own 21.49% of the company’s stock.

Nano-X Imaging Trading Up 1.8 %

Shares of NASDAQ NNOX opened at $6.12 on Friday. Nano-X Imaging Ltd. has a 12-month low of $4.89 and a 12-month high of $14.28. The stock has a market cap of $353.61 million, a P/E ratio of -5.72 and a beta of 2.00. The business’s fifty day simple moving average is $6.35 and its 200-day simple moving average is $7.75.

Nano-X Imaging (NASDAQ:NNOX) last released its quarterly earnings data on Tuesday, August 20th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.01). Nano-X Imaging had a negative return on equity of 30.34% and a negative net margin of 567.41%. The firm had revenue of $2.70 million for the quarter. During the same period in the prior year, the business posted ($0.31) earnings per share. On average, equities analysts forecast that Nano-X Imaging Ltd. will post -0.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald reissued an “overweight” rating and issued a $14.00 price target on shares of Nano-X Imaging in a research note on Monday, September 23rd.

About Nano-X Imaging

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.