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

ARK Investment Management LLC lifted its position in shares of Nano-X Imaging Ltd. (NASDAQ:NNOX) by 107.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 309,095 shares of the company’s stock after purchasing an additional 160,023 shares during the period. ARK Investment Management LLC’s holdings in Nano-X Imaging were worth $1,969,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of NNOX. BlackRock Inc. raised its stake in Nano-X Imaging by 12.6% during the 2nd quarter. BlackRock Inc. now owns 3,434,629 shares of the company’s stock worth $53,202,000 after acquiring an additional 383,774 shares in the last quarter. State Street Corp raised its stake in Nano-X Imaging by 11.8% during the 2nd quarter. State Street Corp now owns 1,085,211 shares of the company’s stock worth $16,810,000 after acquiring an additional 114,958 shares in the last quarter. Credit Suisse AG raised its stake in Nano-X Imaging by 1.3% during the 2nd quarter. Credit Suisse AG now owns 686,649 shares of the company’s stock worth $10,636,000 after acquiring an additional 8,717 shares in the last quarter. Ibex Investors LLC acquired a new stake in Nano-X Imaging during the 3rd quarter worth $3,975,000. Finally, Renaissance Technologies LLC raised its stake in Nano-X Imaging by 245.6% during the 1st quarter. Renaissance Technologies LLC now owns 568,990 shares of the company’s stock worth $6,168,000 after acquiring an additional 404,362 shares in the last quarter. 21.49% of the stock is owned by hedge funds and other institutional investors.

Nano-X Imaging Price Performance

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

Analyst Upgrades and Downgrades

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

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.