Penn Capital Management Co. Inc. Increases Position in Viewray Inc (VRAY)

Penn Capital Management Co. Inc. boosted its stake in Viewray Inc (NASDAQ:VRAY) by 6.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 554,892 shares of the company’s stock after acquiring an additional 31,327 shares during the period. Penn Capital Management Co. Inc. owned about 0.57% of Viewray worth $4,101,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in VRAY. FMR LLC increased its stake in Viewray by 2.8% in the fourth quarter. FMR LLC now owns 9,561,726 shares of the company’s stock valued at $58,039,000 after purchasing an additional 256,939 shares during the period. BlackRock Inc. increased its stake in Viewray by 9.6% in the fourth quarter. BlackRock Inc. now owns 4,932,420 shares of the company’s stock valued at $29,940,000 after purchasing an additional 431,375 shares during the period. Perceptive Advisors LLC increased its stake in Viewray by 5.6% in the fourth quarter. Perceptive Advisors LLC now owns 3,905,650 shares of the company’s stock valued at $21,715,000 after purchasing an additional 205,650 shares during the period. Vanguard Group Inc increased its stake in Viewray by 59.6% in the third quarter. Vanguard Group Inc now owns 3,011,099 shares of the company’s stock valued at $28,183,000 after purchasing an additional 1,124,417 shares during the period. Finally, Vanguard Group Inc. increased its stake in Viewray by 59.6% in the third quarter. Vanguard Group Inc. now owns 3,011,099 shares of the company’s stock valued at $28,183,000 after purchasing an additional 1,124,417 shares during the period.

Shares of Viewray stock opened at $8.59 on Thursday. Viewray Inc has a 52-week low of $4.86 and a 52-week high of $13.21. The company has a current ratio of 4.28, a quick ratio of 3.21 and a debt-to-equity ratio of 0.47. The stock has a market cap of $794.04 million, a PE ratio of -8.66 and a beta of 1.20.

Viewray (NASDAQ:VRAY) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.12). Viewray had a negative return on equity of 71.16% and a negative net margin of 139.82%. The firm had revenue of $20.30 million for the quarter, compared to analyst estimates of $20.40 million. During the same quarter last year, the firm earned ($0.11) earnings per share. The company’s revenue was down 22.5% compared to the same quarter last year. Equities analysts anticipate that Viewray Inc will post -0.99 earnings per share for the current fiscal year.

VRAY has been the topic of a number of recent research reports. ValuEngine upgraded shares of Viewray from a “hold” rating to a “buy” rating in a research note on Wednesday, January 16th. BidaskClub upgraded shares of Viewray from a “hold” rating to a “buy” rating in a research note on Tuesday, January 22nd. Zacks Investment Research upgraded shares of Viewray from a “hold” rating to a “buy” rating and set a $8.25 price objective on the stock in a research note on Saturday, February 9th. B. Riley restated a “buy” rating and issued a $12.00 price objective (down from $13.75) on shares of Viewray in a research note on Monday, March 11th. Finally, TheStreet upgraded shares of Viewray from a “d+” rating to a “c-” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $12.63.

ILLEGAL ACTIVITY WARNING: This news story was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was stolen and republished in violation of US and international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2019/05/16/penn-capital-management-co-inc-increases-position-in-viewray-inc-vray.html.

Viewray Company Profile

ViewRay, Inc designs, manufactures and markets MRIdian, the magnetic resonance imaging (MRI)-guided radiation therapy system to image and treat cancer patients simultaneously. The Company offers radiation therapy technology combined with magnetic resonance imaging. MRIdian integrates MRI technology, radiation delivery and the Company’s software to locate, target and track the position and shape of soft-tissue tumors while radiation is delivered.

Further Reading: What is the LIBOR?

Want to see what other hedge funds are holding VRAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Viewray Inc (NASDAQ:VRAY).

Institutional Ownership by Quarter for Viewray (NASDAQ:VRAY)

Receive News & Ratings for Viewray Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viewray and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply