Dorsey Wright & Associates Buys New Holdings in Mazor Robotics Ltd. (MZOR)
Dorsey Wright & Associates bought a new stake in Mazor Robotics Ltd. (NASDAQ:MZOR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 88,712 shares of the medical instruments supplier’s stock, valued at approximately $4,537,000. Dorsey Wright & Associates owned about 0.35% of Mazor Robotics as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Mazor Robotics in the second quarter valued at about $135,000. Halbert Hargrove Russell LLC purchased a new stake in shares of Mazor Robotics in the third quarter valued at about $214,000. JPMorgan Chase & Co. raised its holdings in shares of Mazor Robotics by 398.5% in the first quarter. JPMorgan Chase & Co. now owns 6,979 shares of the medical instruments supplier’s stock valued at $208,000 after buying an additional 5,579 shares during the last quarter. BB&T Securities LLC purchased a new stake in shares of Mazor Robotics in the second quarter valued at about $248,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Mazor Robotics by 8.1% in the second quarter. Dimensional Fund Advisors LP now owns 8,570 shares of the medical instruments supplier’s stock valued at $296,000 after buying an additional 641 shares during the last quarter. 26.87% of the stock is owned by institutional investors and hedge funds.
MZOR has been the subject of a number of research reports. Ladenburg Thalmann Financial Services set a $54.00 price target on shares of Mazor Robotics and gave the stock a “buy” rating in a research note on Wednesday, August 30th. Needham & Company LLC reiterated a “hold” rating on shares of Mazor Robotics in a research note on Wednesday, August 30th. Zacks Investment Research lowered shares of Mazor Robotics from a “hold” rating to a “sell” rating in a research note on Thursday. TheStreet upgraded shares of Mazor Robotics from a “d” rating to a “c-” rating in a research note on Wednesday, November 8th. Finally, Barclays PLC lowered shares of Mazor Robotics from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $55.00 to $34.00 in a research note on Thursday, October 19th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $39.83.
Shares of Mazor Robotics Ltd. (NASDAQ MZOR) traded down $0.51 during trading on Monday, hitting $59.98. 417,600 shares of the stock were exchanged, compared to its average volume of 413,636. Mazor Robotics Ltd. has a twelve month low of $20.19 and a twelve month high of $65.97.
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Mazor Robotics Company Profile
Mazor Robotics Ltd is an Israel-based medical device company that develops and markets surgical guidance systems and complementary products. It develops computerized and imaging-based systems in the field of spine surgery. Its products include: Renaissance Surgical Guidance System, which enables surgeons to advance from freehand surgical procedures to guided procedures, as well as Food and Drug Administration (FDA)-cleared and European Conformity (CE)-marked Renaissance System, used in spine surgeries, whether open or minimally invasive, for a number of clinical indications.
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