Global X Management Co. LLC Has $720,000 Position in Accuray Incorporated (ARAY)
Global X Management Co. LLC increased its position in shares of Accuray Incorporated (NASDAQ:ARAY) by 238.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,589 shares of the medical equipment provider’s stock after buying an additional 106,773 shares during the period. Global X Management Co. LLC’s holdings in Accuray were worth $720,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Accuray by 4.6% in the first quarter. Vanguard Group Inc. now owns 6,447,130 shares of the medical equipment provider’s stock worth $30,623,000 after buying an additional 286,011 shares during the period. Neuberger Berman Group LLC raised its stake in Accuray by 26.7% in the first quarter. Neuberger Berman Group LLC now owns 5,014,941 shares of the medical equipment provider’s stock worth $23,821,000 after buying an additional 1,057,654 shares during the period. Renaissance Technologies LLC raised its stake in Accuray by 2.3% in the first quarter. Renaissance Technologies LLC now owns 4,305,600 shares of the medical equipment provider’s stock worth $20,452,000 after buying an additional 98,100 shares during the period. Lapides Asset Management LLC raised its stake in Accuray by 0.9% in the first quarter. Lapides Asset Management LLC now owns 2,213,800 shares of the medical equipment provider’s stock worth $10,516,000 after buying an additional 18,900 shares during the period. Finally, Norges Bank bought a new stake in Accuray during the fourth quarter worth approximately $9,179,000. Hedge funds and other institutional investors own 82.74% of the company’s stock.
Shares of Accuray Incorporated (ARAY) opened at 4.10 on Wednesday. The company’s market cap is $340.30 million. Accuray Incorporated has a 12 month low of $3.85 and a 12 month high of $6.39. The company’s 50 day moving average price is $4.44 and its 200 day moving average price is $4.67.
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A number of equities research analysts have commented on ARAY shares. BidaskClub lowered Accuray from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Jefferies Group LLC restated a “buy” rating and set a $7.00 target price on shares of Accuray in a research report on Wednesday, August 9th. Zacks Investment Research lowered Accuray from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Finally, BTIG Research restated a “hold” rating on shares of Accuray in a research report on Sunday, April 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $7.04.
Accuray Incorporated is a radiation oncology company. The Company develops, manufactures and markets medical devices used in radiation therapy for the treatment of cancer patients. Its products include the CyberKnife Systems, the TomoTherapy Systems, and the Radixact Delivery Treatment Platform. Its technologies, the CyberKnife and TomoTherapy Systems, are designed to deliver treatments, including stereotactic radiosurgery (SRS), stereotactic body radiation therapy (SBRT), intensity modulated radiation therapy (IMRT), image guided radiation therapy (IGRT) and adaptive radiation therapy.
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