Principal Financial Group Inc. Lowers Holdings in Nano-X Imaging Ltd. (NASDAQ:NNOX)

Principal Financial Group Inc. decreased its stake in shares of Nano-X Imaging Ltd. (NASDAQ:NNOXFree Report) by 11.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,141 shares of the company’s stock after selling 1,867 shares during the quarter. Principal Financial Group Inc.’s holdings in Nano-X Imaging were worth $148,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Tempus Wealth Planning LLC raised its stake in Nano-X Imaging by 4.7% during the first quarter. Tempus Wealth Planning LLC now owns 105,215 shares of the company’s stock valued at $1,028,000 after buying an additional 4,750 shares during the last quarter. Virtu Financial LLC purchased a new position in Nano-X Imaging during the fourth quarter valued at $294,000. Cantor Fitzgerald L. P. purchased a new position in Nano-X Imaging during the fourth quarter valued at $196,000. Tower Research Capital LLC TRC raised its stake in Nano-X Imaging by 471.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 8,425 shares of the company’s stock valued at $54,000 after buying an additional 6,950 shares during the last quarter. Finally, Olympiad Research LP raised its stake in shares of Nano-X Imaging by 35.1% in the fourth quarter. Olympiad Research LP now owns 16,832 shares of the company’s stock worth $107,000 after purchasing an additional 4,375 shares during the last quarter. Hedge funds and other institutional investors own 21.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald restated an “overweight” rating and issued a $18.00 price target on shares of Nano-X Imaging in a research note on Wednesday, May 29th.

Get Our Latest Stock Analysis on NNOX

Nano-X Imaging Price Performance

NNOX stock opened at $7.17 on Tuesday. Nano-X Imaging Ltd. has a 1-year low of $4.89 and a 1-year high of $16.52. The business has a fifty day moving average price of $8.27 and a 200-day moving average price of $8.32. The stock has a market capitalization of $414.28 million, a P/E ratio of -6.70 and a beta of 2.04.

Nano-X Imaging (NASDAQ:NNOXGet Free Report) last posted its quarterly earnings results on Tuesday, May 28th. The company reported ($0.21) earnings per share for the quarter. The business had revenue of $2.55 million during the quarter. Nano-X Imaging had a negative return on equity of 31.57% and a negative net margin of 611.89%. During the same period in the prior year, the company earned ($0.21) EPS. As a group, analysts anticipate that Nano-X Imaging Ltd. will post -0.86 earnings per share for the current year.

Nano-X Imaging Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Nano-X Imaging (NASDAQ:NNOX)

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