Municipal Employees Retirement System of Michigan Maintains Stake in Cray Inc (NASDAQ:CRAY)

Municipal Employees Retirement System of Michigan held its position in shares of Cray Inc (NASDAQ:CRAY) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 9,290 shares of the technology company’s stock at the end of the first quarter. Municipal Employees Retirement System of Michigan’s holdings in Cray were worth $203,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CRAY. Comerica Bank boosted its position in shares of Cray by 5.6% in the fourth quarter. Comerica Bank now owns 43,378 shares of the technology company’s stock worth $807,000 after buying an additional 2,311 shares during the period. State Street Corp boosted its position in shares of Cray by 4.7% in the fourth quarter. State Street Corp now owns 871,606 shares of the technology company’s stock worth $18,045,000 after buying an additional 39,340 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Cray by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,386,176 shares of the technology company’s stock worth $28,694,000 after buying an additional 43,866 shares during the period. FMR LLC boosted its position in shares of Cray by 25.9% in the fourth quarter. FMR LLC now owns 943,364 shares of the technology company’s stock worth $19,528,000 after buying an additional 194,200 shares during the period. Finally, Two Sigma Investments LP acquired a new position in shares of Cray during the fourth quarter worth $382,000. 94.83% of the stock is owned by institutional investors and hedge funds.

Shares of Cray Inc (NASDAQ CRAY) opened at 17.80 on Wednesday. Cray Inc has a 1-year low of $16.10 and a 1-year high of $32.30. The firm has a 50-day moving average of $17.98 and a 200 day moving average of $19.24. The stock’s market capitalization is $712.20 million.

Cray (NASDAQ:CRAY) last released its quarterly earnings data on Tuesday, May 2nd. The technology company reported ($0.71) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.50) by $0.21. The company had revenue of $59.03 million during the quarter, compared to analyst estimates of $56.60 million. Cray had a negative net margin of 0.61% and a negative return on equity of 2.02%. On average, equities analysts anticipate that Cray Inc will post ($1.09) earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Municipal Employees Retirement System of Michigan Maintains Stake in Cray Inc (NASDAQ:CRAY)” was published by BBNS and is the property of of BBNS. If you are accessing this article on another website, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this article can be accessed at https://baseballnewssource.com/markets/municipal-employees-retirement-system-of-michigan-maintains-stake-in-cray-inc-nasdaqcray/1179678.html.

A number of research analysts have recently weighed in on CRAY shares. Needham & Company LLC reissued a “buy” rating and set a $23.00 price objective (down from $25.00) on shares of Cray in a research note on Wednesday, May 3rd. TheStreet cut shares of Cray from a “c” rating to a “d+” rating in a research note on Wednesday, May 3rd. Zacks Investment Research cut shares of Cray from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. ValuEngine raised shares of Cray from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut shares of Cray from a “sell” rating to a “strong sell” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $32.25.

In other Cray news, Director Stephen C. Kiely sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $18.55, for a total value of $37,100.00. Following the transaction, the director now owns 20,675 shares in the company, valued at approximately $383,521.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 4.00% of the stock is currently owned by corporate insiders.

About Cray

Cray Inc is engaged in designing, developing, manufacturing, marketing and servicing the high performance computing (HPC) market, primarily categories of systems known as supercomputers. The Company’s segments include Supercomputing, Storage and Data Management, Maintenance and Support, and Engineering Services and Other.

Institutional Ownership by Quarter for Cray (NASDAQ:CRAY)

Receive News & Ratings for Cray Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cray Inc and related companies with our FREE daily email newsletter.

 


Latest News

Veteran Pitcher Bartolo Colon Considering Retirement
Veteran Pitcher Bartolo Colon Considering Retirement
Todd Frazier Traded to Yankees for Blake Rutherford and Others
Todd Frazier Traded to Yankees for Blake Rutherford and Others
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Todd Frazier Trade to Boston Appears to Be Decided
Todd Frazier Trade to Boston Appears to Be Decided
Chicago White Sox Continue Rebuild Without Jose Quintana
Chicago White Sox Continue Rebuild Without Jose Quintana
Mike Trout Returns from Injury With Single and Stole Base
Mike Trout Returns from Injury With Single and Stole Base


Leave a Reply

 
© 2006-2017 BBNS.