Assenagon Asset Management S.A. reduced its holdings in shares of FONAR Co. (NASDAQ:FONR – Get Rating) by 11.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,941 shares of the medical equipment provider's stock after selling 2,419 shares during the quarter. Assenagon Asset Management S.A. owned about 0.29% of FONAR worth $317,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position in shares of FONAR by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 376,486 shares of the medical equipment provider's stock worth $6,984,000 after acquiring an additional 11,745 shares in the last quarter. Money Concepts Capital Corp boosted its stake in FONAR by 67.1% in the 3rd quarter. Money Concepts Capital Corp now owns 144,587 shares of the medical equipment provider's stock worth $2,046,000 after purchasing an additional 58,064 shares during the period. Brandywine Global Investment Management LLC grew its holdings in FONAR by 2.5% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 85,803 shares of the medical equipment provider's stock valued at $1,214,000 after buying an additional 2,118 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of FONAR by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 41,609 shares of the medical equipment provider's stock valued at $771,000 after buying an additional 1,353 shares during the period. Finally, American Century Companies Inc. lifted its holdings in shares of FONAR by 27.9% in the first quarter. American Century Companies Inc. now owns 23,960 shares of the medical equipment provider's stock worth $444,000 after buying an additional 5,232 shares in the last quarter. 44.93% of the stock is owned by institutional investors.
Get FONAR alerts:FONAR Stock Performance
Shares of NASDAQ FONR opened at $16.20 on Friday. The business has a 50-day moving average of $17.06 and a 200-day moving average of $16.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 8.78 and a quick ratio of 8.59. FONAR Co. has a 12 month low of $13.28 and a 12 month high of $19.13.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on the stock. StockNews.com initiated coverage on shares of FONAR in a report on Thursday, March 16th. They set a "strong-buy" rating on the stock. TheStreet lowered FONAR from a "b-" rating to a "c+" rating in a research note on Tuesday, December 20th.
About FONAR
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FONAR Corp. engages in the design, manufacture, sale, and servicing of magnetic resonance imaging scanners. It operates through the Manufacturing and Servicing of Medical Equipment and Management of Diagnostic Imaging Center segments. The Manufacturing and Servicing of Medical Equipment segment promotes its product, Fonar Upright MRI.
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