ARK Investment Management LLC Boosts Stock Position in Nano-X Imaging Ltd. (NASDAQ:NNOX)

ARK Investment Management LLC increased its stake in Nano-X Imaging Ltd. (NASDAQ:NNOX) by 107.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 309,095 shares of the company’s stock after buying an additional 160,023 shares during the period. ARK Investment Management LLC owned 0.56% of Nano-X Imaging worth $1,969,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in NNOX. Ibex Investors LLC bought a new position in Nano-X Imaging in the 3rd quarter valued at approximately $3,975,000. State Street Corp lifted its position in Nano-X Imaging by 269.0% in the 2nd quarter. State Street Corp now owns 812,290 shares of the company’s stock valued at $9,179,000 after acquiring an additional 592,180 shares in the last quarter. Renaissance Technologies LLC lifted its position in Nano-X Imaging by 245.6% in the 1st quarter. Renaissance Technologies LLC now owns 568,990 shares of the company’s stock valued at $6,168,000 after acquiring an additional 404,362 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Nano-X Imaging by 12.6% during the 2nd quarter. BlackRock Inc. now owns 3,434,629 shares of the company’s stock valued at $53,202,000 after buying an additional 383,774 shares during the period. Finally, Northern Trust Corp bought a new position in shares of Nano-X Imaging during the 2nd quarter valued at $3,265,000. Hedge funds and other institutional investors own 21.49% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald reissued an “overweight” rating and set a $18.00 price target on shares of Nano-X Imaging in a report on Thursday, February 15th.

Nano-X Imaging Price Performance

Shares of Nano-X Imaging stock opened at $9.88 on Thursday. Nano-X Imaging Ltd. has a one year low of $4.89 and a one year high of $22.69. The stock’s fifty day moving average is $8.51 and its 200 day moving average is $7.08. The company has a quick ratio of 4.87, a current ratio of 4.87 and a debt-to-equity ratio of 0.02.

Nano-X Imaging Company 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.