Spark Investment Management LLC lessened its holdings in Fonar Co. (NASDAQ:FONR) by 7.5% in the 1st quarter, HoldingsChannel reports. The firm owned 11,500 shares of the medical equipment provider’s stock after selling 938 shares during the quarter. Spark Investment Management LLC’s holdings in Fonar were worth $235,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in Fonar by 720.0% in the first quarter. BNP Paribas Arbitrage SA now owns 1,312 shares of the medical equipment provider’s stock worth $27,000 after purchasing an additional 1,152 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Fonar during the first quarter worth approximately $31,000. Meeder Asset Management Inc. increased its holdings in shares of Fonar by 61.4% during the fourth quarter. Meeder Asset Management Inc. now owns 3,773 shares of the medical equipment provider’s stock worth $76,000 after buying an additional 1,436 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Fonar by 79.2% during the fourth quarter. Bank of America Corp DE now owns 5,481 shares of the medical equipment provider’s stock worth $111,000 after buying an additional 2,422 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new stake in shares of Fonar during the fourth quarter worth approximately $136,000. 51.84% of the stock is owned by hedge funds and other institutional investors.
NASDAQ FONR opened at $20.41 on Friday. The company has a market cap of $129.77 million, a PE ratio of 7.07 and a beta of 0.79. Fonar Co. has a 1-year low of $18.98 and a 1-year high of $28.80.
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FONAR Corporation, together with its subsidiaries, operates as a magnetic resonance imaging (MRI) company primarily in the Unites States. It is involved in the research, development, production, and marketing of medical scanning equipment, which uses principles of MRI for the detection and diagnosis of human diseases, abnormalities, other medical conditions, and injuries.
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