WINTON GROUP Ltd Buys Shares of 50,936 Cray Inc. (NASDAQ:CRAY)

WINTON GROUP Ltd purchased a new stake in shares of Cray Inc. (NASDAQ:CRAY) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 50,936 shares of the technology company’s stock, valued at approximately $1,774,000. WINTON GROUP Ltd owned approximately 0.12% of Cray at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Northern Trust Corp raised its stake in Cray by 1.9% during the fourth quarter. Northern Trust Corp now owns 606,776 shares of the technology company’s stock valued at $13,100,000 after buying an additional 11,071 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Cray by 7.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 53,869 shares of the technology company’s stock worth $1,074,000 after purchasing an additional 3,503 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Cray by 10.0% in the fourth quarter. Geode Capital Management LLC now owns 515,429 shares of the technology company’s stock worth $11,128,000 after purchasing an additional 47,058 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Cray by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 331,540 shares of the technology company’s stock worth $7,158,000 after purchasing an additional 1,889 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its stake in shares of Cray by 386.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 13,882 shares of the technology company’s stock worth $300,000 after purchasing an additional 11,030 shares during the last quarter. 97.44% of the stock is owned by institutional investors and hedge funds.

NASDAQ:CRAY traded up $0.07 during mid-day trading on Friday, hitting $34.64. 669,600 shares of the company traded hands, compared to its average volume of 415,891. The stock’s fifty day moving average price is $34.65 and its 200-day moving average price is $29.79. Cray Inc. has a one year low of $18.76 and a one year high of $36.64. The company has a quick ratio of 2.14, a current ratio of 2.89 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of -24.39 and a beta of 0.84.

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

Several research analysts have recently weighed in on CRAY shares. Wells Fargo & Co cut Cray from an “outperform” rating to a “market perform” rating in a research note on Friday, May 17th. Craig Hallum lowered Cray from a “buy” rating to a “hold” rating in a report on Friday, May 17th. BidaskClub raised Cray from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Zacks Investment Research lowered Cray from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, ValuEngine raised Cray from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $33.00.

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.

Featured Article: Inverted Yield Curve

Institutional Ownership by Quarter for Cray (NASDAQ:CRAY)

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