UBS Oconnor LLC Invests $4.35 Million in Cray Inc. (NASDAQ:CRAY)

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UBS Oconnor LLC purchased a new position in shares of Cray Inc. (NASDAQ:CRAY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 125,000 shares of the technology company’s stock, valued at approximately $4,353,000. UBS Oconnor LLC owned approximately 0.30% of Cray as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CRAY. BNP Paribas Arbitrage SA grew its stake in shares of Cray by 86.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,540 shares of the technology company’s stock worth $275,000 after acquiring an additional 4,895 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Cray by 139.7% during the 1st quarter. SG Americas Securities LLC now owns 16,151 shares of the technology company’s stock worth $421,000 after acquiring an additional 9,412 shares in the last quarter. Comerica Bank grew its stake in shares of Cray by 2.5% during the 1st quarter. Comerica Bank now owns 40,497 shares of the technology company’s stock worth $1,093,000 after acquiring an additional 1,005 shares in the last quarter. Texas Permanent School Fund grew its stake in shares of Cray by 3.9% during the 1st quarter. Texas Permanent School Fund now owns 27,764 shares of the technology company’s stock worth $723,000 after acquiring an additional 1,041 shares in the last quarter. Finally, Mason Street Advisors LLC grew its stake in shares of Cray by 3.5% during the 1st quarter. Mason Street Advisors LLC now owns 13,132 shares of the technology company’s stock worth $342,000 after acquiring an additional 450 shares in the last quarter. 93.26% of the stock is owned by institutional investors.

Several equities analysts have recently weighed in on the stock. TheStreet cut shares of Cray from a “c-” rating to a “d” rating in a research note on Friday, August 2nd. BidaskClub cut shares of Cray from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 10th. Finally, Zacks Investment Research cut shares of Cray from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $33.00.

Shares of NASDAQ CRAY remained flat at $$34.97 during trading hours on Thursday. The stock had a trading volume of 584,260 shares, compared to its average volume of 401,802. The stock has a market capitalization of $1.45 billion, a PE ratio of -24.63 and a beta of 0.83. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.89 and a quick ratio of 2.14. Cray Inc. has a 12 month low of $18.76 and a 12 month high of $36.64. The firm’s fifty day moving average price is $34.81 and its 200 day moving average price is $31.63.

Cray (NASDAQ:CRAY) last released its quarterly earnings data on Friday, August 2nd. The technology company reported ($0.75) EPS for the quarter, missing the consensus estimate of ($0.63) by ($0.12). The company had revenue of $68.70 million during the quarter, compared to analyst estimates of $72.15 million. Cray had a negative net margin of 27.17% and a negative return on equity of 26.31%. Equities research analysts expect that Cray Inc. will post -2.29 EPS for the current year.

Cray Profile

Cray Inc, together with its subsidiaries, designs, develops, manufactures, markets, and services computing products for high-performance computing, data analytics, and AI markets. It operates through Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other segments.

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Institutional Ownership by Quarter for Cray (NASDAQ:CRAY)

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