StockNews.com Initiates Coverage on American Shared Hospital Services (NYSEAMERICAN:AMS)

Equities research analysts at StockNews.com assumed coverage on shares of American Shared Hospital Services (NYSEAMERICAN:AMS) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

American Shared Hospital Services Trading Up 3.8 %

NYSEAMERICAN:AMS opened at $2.69 on Tuesday. American Shared Hospital Services has a twelve month low of $2.16 and a twelve month high of $3.00. The company has a market capitalization of $16.95 million, a P/E ratio of 38.43 and a beta of 0.66. The stock’s fifty day simple moving average is $2.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.03 and a current ratio of 2.03.

Hedge Funds Weigh In On American Shared Hospital Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its holdings in shares of American Shared Hospital Services by 26.3% during the third quarter. Renaissance Technologies LLC now owns 19,321 shares of the company’s stock valued at $50,000 after acquiring an additional 4,021 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of American Shared Hospital Services by 28.9% during the fourth quarter. Citadel Advisors LLC now owns 24,072 shares of the company’s stock valued at $57,000 after acquiring an additional 5,391 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of American Shared Hospital Services by 16.2% during the fourth quarter. Vanguard Group Inc. now owns 117,884 shares of the company’s stock valued at $280,000 after acquiring an additional 16,475 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of American Shared Hospital Services by 3.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 158,681 shares of the company’s stock valued at $465,000 after acquiring an additional 5,899 shares in the last quarter. Finally, CI Private Wealth LLC acquired a new position in shares of American Shared Hospital Services during the fourth quarter valued at about $470,000. Hedge funds and other institutional investors own 23.16% of the company’s stock.

American Shared Hospital Services Company Profile

American Shared Hospital Services provides radiosurgery and radiation therapy equipment to health care providers. The company offers radiosurgery equipment for the Gamma Knife stereotactic radiosurgery, a non-invasive procedure to treat malignant and benign brain tumors, and arteriovenous malformations, as well as for trigeminal neuralgia.