TIAA CREF Investment Management LLC bought a new stake in Fonar Corporation (NASDAQ:FONR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,212 shares of the medical equipment provider’s stock, valued at approximately $727,000. TIAA CREF Investment Management LLC owned 0.41% of Fonar Corporation at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Stanley Laman Group Ltd. lifted its stake in Fonar Corporation by 9.9% in the second quarter. Stanley Laman Group Ltd. now owns 21,077 shares of the medical equipment provider’s stock valued at $585,000 after buying an additional 1,890 shares during the period. Schwab Charles Investment Management Inc. acquired a new position in Fonar Corporation in the second quarter valued at about $297,000. Teachers Advisors LLC acquired a new position in Fonar Corporation in the second quarter valued at about $305,000. Finally, Bank of New York Mellon Corp lifted its stake in Fonar Corporation by 61.6% in the second quarter. Bank of New York Mellon Corp now owns 32,274 shares of the medical equipment provider’s stock valued at $896,000 after buying an additional 12,307 shares during the period. 45.07% of the stock is currently owned by hedge funds and other institutional investors.
Fonar Corporation (NASDAQ FONR) opened at $22.65 on Wednesday. Fonar Corporation has a one year low of $17.20 and a one year high of $33.90. The firm has a market capitalization of $142.73, a PE ratio of 7.77 and a beta of 2.86.
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Fonar Corporation Company Profile
Fonar Corporation (Fonar) is engaged in the business of designing, manufacturing, selling and servicing magnetic resonance imaging (MRI) scanners, which utilizes MRI technology for the detection and diagnosis of human disease, abnormalities, other medical conditions and injuries. The Company operates its business through two segments: Medical Equipment segment, and Physician Management and Diagnostic Services segment.
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