Dorsey Wright & Associates cut its stake in Mazor Robotics Ltd – (NASDAQ:MZOR) by 49.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 97,122 shares of the medical instruments supplier’s stock after selling 95,427 shares during the quarter. Dorsey Wright & Associates owned 0.37% of Mazor Robotics worth $5,664,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of MZOR. Wells Fargo & Company MN raised its stake in shares of Mazor Robotics by 7.1% in the first quarter. Wells Fargo & Company MN now owns 76,550 shares of the medical instruments supplier’s stock worth $4,697,000 after purchasing an additional 5,071 shares during the last quarter. BB&T Securities LLC raised its stake in shares of Mazor Robotics by 50.8% in the first quarter. BB&T Securities LLC now owns 11,668 shares of the medical instruments supplier’s stock worth $715,000 after purchasing an additional 3,933 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Mazor Robotics in the first quarter worth approximately $2,500,000. Natixis raised its stake in shares of Mazor Robotics by 96.4% in the first quarter. Natixis now owns 53,320 shares of the medical instruments supplier’s stock worth $3,272,000 after purchasing an additional 26,178 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of Mazor Robotics by 39.0% during the first quarter. LPL Financial LLC now owns 7,789 shares of the medical instruments supplier’s stock valued at $478,000 after acquiring an additional 2,185 shares during the last quarter. 23.98% of the stock is owned by hedge funds and other institutional investors.
Shares of MZOR traded up $0.15 on Friday, reaching $58.01. 1,355,800 shares of the company’s stock traded hands, compared to its average volume of 536,200. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -116.00 and a beta of 1.43. Mazor Robotics Ltd – has a 52-week low of $41.60 and a 52-week high of $76.56.
Mazor Robotics (NASDAQ:MZOR) last issued its quarterly earnings results on Thursday, August 2nd. The medical instruments supplier reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.13). The business had revenue of $13.20 million for the quarter, compared to analysts’ expectations of $17.02 million. Mazor Robotics had a negative net margin of 12.80% and a negative return on equity of 7.17%. The business’s revenue was down 14.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.05) earnings per share. Sell-side analysts anticipate that Mazor Robotics Ltd – will post -0.12 EPS for the current year.
A number of brokerages recently commented on MZOR. BidaskClub raised Mazor Robotics from a “buy” rating to a “strong-buy” rating in a research report on Friday. Zacks Investment Research raised Mazor Robotics from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. Needham & Company LLC raised Mazor Robotics from an “underperform” rating to a “hold” rating in a research report on Friday, September 21st. Finally, ValuEngine raised Mazor Robotics from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $61.08.
Mazor Robotics Profile
Mazor Robotics Ltd., together with its subsidiaries, engages in the development, production, and marketing of medical devices for supporting surgical procedures in the fields of orthopedics and neurosurgery in the United States and internationally. It operates in the field of computer assisted surgery that enable the use of surgical instruments with high precision and minimal invasiveness and that simplifies complex surgical procedures.
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