Mazor Robotics Ltd – (MZOR) Given Consensus Rating of “Hold” by Brokerages

Shares of Mazor Robotics Ltd – (NASDAQ:MZOR) have been given a consensus rating of “Hold” by the seven brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $65.50.

MZOR has been the subject of several research analyst reports. BidaskClub cut shares of Mazor Robotics from a “buy” rating to a “hold” rating in a research note on Wednesday, November 28th. Needham & Company LLC reissued a “hold” rating on shares of Mazor Robotics in a report on Wednesday, November 7th. Finally, Zacks Investment Research lowered shares of Mazor Robotics from a “hold” rating to a “strong sell” rating in a report on Thursday, November 15th.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP lifted its holdings in Mazor Robotics by 939.2% during the 3rd quarter. Marshall Wace LLP now owns 44,843 shares of the medical instruments supplier’s stock valued at $2,615,000 after purchasing an additional 40,528 shares during the last quarter. Spring Creek Capital LLC acquired a new position in shares of Mazor Robotics in the third quarter worth approximately $5,832,000. Gamco Investors INC. ET AL acquired a new position in shares of Mazor Robotics in the third quarter worth approximately $2,100,000. Penserra Capital Management LLC acquired a new position in shares of Mazor Robotics in the third quarter worth approximately $498,000. Finally, Advisors Asset Management Inc. lifted its stake in Mazor Robotics by 18.1% in the third quarter. Advisors Asset Management Inc. now owns 9,599 shares of the medical instruments supplier’s stock valued at $560,000 after buying an additional 1,474 shares during the period. Institutional investors and hedge funds own 32.68% of the company’s stock.

MZOR remained flat at $$58.23 on Tuesday. 37 shares of the company were exchanged, compared to its average volume of 292,420. Mazor Robotics has a 52-week low of $41.60 and a 52-week high of $76.56. The stock has a market capitalization of $1.53 billion, a P/E ratio of -116.46 and a beta of 1.39.

Mazor Robotics Company Profile

Mazor Robotics Ltd., together with its subsidiaries, engages in the development, production, and marketing of medical devices for supporting surgical procedures in the fields of orthopedics and neurosurgery in the United States and internationally. It operates in the field of computer assisted surgery that enable the use of surgical instruments with high precision and minimal invasiveness and that simplifies complex surgical procedures.

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