Geode Capital Management LLC Increases Stake in Nano-X Imaging Ltd. (NASDAQ:NNOX)

Geode Capital Management LLC raised its position in shares of Nano-X Imaging Ltd. (NASDAQ:NNOX) by 2.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 677,853 shares of the company’s stock after purchasing an additional 14,560 shares during the quarter. Geode Capital Management LLC’s holdings in Nano-X Imaging were worth $4,121,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in Nano-X Imaging by 7.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 185,167 shares of the company’s stock valued at $1,359,000 after acquiring an additional 13,085 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Nano-X Imaging by 14.1% in the second quarter. Van ECK Associates Corp now owns 22,293 shares of the company’s stock worth $164,000 after purchasing an additional 2,755 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Nano-X Imaging by 3.9% during the second quarter. Rhumbline Advisers now owns 75,920 shares of the company’s stock valued at $557,000 after purchasing an additional 2,818 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Nano-X Imaging by 14.8% during the second quarter. The Manufacturers Life Insurance Company now owns 20,210 shares of the company’s stock valued at $148,000 after buying an additional 2,600 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Nano-X Imaging during the 3rd quarter valued at about $124,000. 21.49% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald raised their price target on shares of Nano-X Imaging from $11.00 to $12.00 and gave the company an “overweight” rating in a report on Friday, December 6th.

Nano-X Imaging Trading Up 4.3 %

NASDAQ:NNOX opened at $9.25 on Monday. The company has a 50 day simple moving average of $6.69 and a two-hundred day simple moving average of $6.79. The company has a market cap of $534.46 million, a PE ratio of -10.88 and a beta of 2.02. Nano-X Imaging Ltd. has a 12 month low of $5.26 and a 12 month high of $14.28.

Nano-X Imaging Company Profile

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.