Is Buying Accuray Incorporated (NASDAQ:ARAY) Here Good Idea?

September 16, 2018 - By Mark Babin

Accuray Incorporated (NASDAQ:ARAY) Logo

Investors sentiment decreased to 1.33 in 2018 Q2. Its down 0.26, from 1.59 in 2018Q1. It turned negative, as 14 investors sold Accuray Incorporated shares while 28 reduced holdings. 18 funds opened positions while 38 raised stakes. 65.75 million shares or 1.38% less from 66.67 million shares in 2018Q1 were reported.
Parametric Port Ltd Liability accumulated 42,342 shares or 0% of the stock. Teacher Retirement System Of Texas holds 0% or 17,295 shares. Aqr Mngmt Ltd Liability Corp has 0% invested in Accuray Incorporated (NASDAQ:ARAY) for 10,799 shares. Sei Invs Company stated it has 0% of its portfolio in Accuray Incorporated (NASDAQ:ARAY). Boston Ptnrs invested in 2.42 million shares. Bluemountain Capital Management Ltd Liability Com invested 0% in Accuray Incorporated (NASDAQ:ARAY). Heartland reported 3.18M shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 1,427 shares or 0% of its portfolio. Balyasny Asset Mngmt Ltd Llc holds 0% or 38,030 shares in its portfolio. Rhumbline Advisers reported 0% stake. Metropolitan Life Ins reported 28,917 shares. Schwab Charles stated it has 532,195 shares. 91 are owned by Pnc Financial Service Group Inc. Great West Life Assurance Commerce Can holds 0% or 5,069 shares. Manufacturers Life Ins The, a Ontario – Canada-based fund reported 67,433 shares.

Since April 3, 2018, it had 0 insider buys, and 7 sales for $330,107 activity. On Tuesday, April 3 Nouri Alaleh sold $12,020 worth of Accuray Incorporated (NASDAQ:ARAY) or 2,585 shares. 34,235 Accuray Incorporated (NASDAQ:ARAY) shares with value of $139,508 were sold by LEVINE JOSHUA. Kirkpatrick Andrew J sold 7,680 shares worth $31,296.

The stock of Accuray Incorporated (NASDAQ:ARAY) registered an increase of 16.35% in short interest. ARAY’s total short interest was 5.08M shares in September as published by FINRA. Its up 16.35% from 4.37M shares, reported previously. With 578,300 shares average volume, it will take short sellers 9 days to cover their ARAY’s short positions. The short interest to Accuray Incorporated’s float is 6.94%.

It closed at $3.8 lastly. It is down 7.83% since September 16, 2017 and is downtrending. It has underperformed by 23.45% the S&P500.

Accuray Incorporated designs, develops, and sells radiosurgery and radiation therapy systems for the treatment of tumors in the body. The company has market cap of $328.66 million. The firm offers the CyberKnife System, a robotic stereotactic radiosurgery and stereotactic body radiation therapy system used for the treatment of various types of cancer and tumors in the body. It currently has negative earnings. The CyberKnife System automatically tracks, detects, and corrects for tumor and patient movement in real-time during the procedure, as well as enables the delivery of precise, high dose radiation while patients breathe normally.

Another recent and important Accuray Incorporated (NASDAQ:ARAY) news was published by Seekingalpha.com which published an article titled: “Still Not Much Momentum At Accuray” on August 18, 2018.

Accuray Incorporated (NASDAQ:ARAY) Institutional Positions Chart

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