Nano-X Imaging Ltd. (NASDAQ:NNOX) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lowered its position in shares of Nano-X Imaging Ltd. (NASDAQ:NNOX) by 92.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,797 shares of the company’s stock after selling 59,733 shares during the quarter. California State Teachers Retirement System’s holdings in Nano-X Imaging were worth $47,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in Nano-X Imaging during the fourth quarter worth about $294,000. Cantor Fitzgerald L. P. purchased a new stake in Nano-X Imaging in the 4th quarter valued at approximately $196,000. Tower Research Capital LLC TRC increased its position in Nano-X Imaging by 471.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 8,425 shares of the company’s stock worth $54,000 after purchasing an additional 6,950 shares during the period. Tempus Wealth Planning LLC raised its stake in shares of Nano-X Imaging by 4.7% during the 1st quarter. Tempus Wealth Planning LLC now owns 105,215 shares of the company’s stock worth $1,028,000 after buying an additional 4,750 shares in the last quarter. Finally, Olympiad Research LP lifted its holdings in shares of Nano-X Imaging by 35.1% in the 4th quarter. Olympiad Research LP now owns 16,832 shares of the company’s stock valued at $107,000 after buying an additional 4,375 shares during the period. Institutional investors and hedge funds own 21.49% of the company’s stock.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $18.00 price objective on shares of Nano-X Imaging in a report on Wednesday, May 29th.

Nano-X Imaging Price Performance

Shares of NASDAQ NNOX opened at $7.24 on Tuesday. The firm’s 50-day moving average is $7.56 and its two-hundred day moving average is $8.71. The company has a market capitalization of $418.32 million, a PE ratio of -6.77 and a beta of 2.04. Nano-X Imaging Ltd. has a 12-month low of $4.89 and a 12-month high of $14.28.

Nano-X Imaging (NASDAQ:NNOX) last announced its earnings results on Tuesday, May 28th. The company reported ($0.21) EPS for the quarter. The company had revenue of $2.55 million for the quarter. Nano-X Imaging had a negative net margin of 611.89% and a negative return on equity of 31.57%. During the same quarter in the previous year, the business posted ($0.21) EPS. On average, analysts forecast that Nano-X Imaging Ltd. will post -0.86 EPS for the current fiscal year.

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.