Amerigo Asset Management Exits Position in Cray (CRAY)

Cray (CRAY) : Amerigo Asset Management has sold out all of its stake in Cray during the most recent quarter, according to the disclosure filed by the company on Oct 13, 2016 with the SEC. The investment management company has sold out 805,453 shares of Cray which is valued at $17,019,222.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in CRAY by selling 138 shares or 66.99% in the most recent quarter. The Hedge Fund company now holds 68 shares of CRAY which is valued at $1,437.Legal General Group Plc boosted its stake in CRAY in the latest quarter, The investment management firm added 28,015 additional shares and now holds a total of 37,371 shares of Cray which is valued at $810,577.Cutler Group Lp reduced its stake in CRAY by selling 1,809 shares or 28.58% in the most recent quarter. The Hedge Fund company now holds 4,520 shares of CRAY which is valued at $101,971. Cray makes up approx 0.01% of Cutler Group Lp’s portfolio.

Cray closed down -0.87 points or -3.86% at $21.69 with 3,50,069 shares getting traded on Tuesday. Post opening the session at $22.55, the shares hit an intraday low of $21.64 and an intraday high of $22.56 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Cray reported $-0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.27. The company had revenue of $100.24 million for the quarter, compared to analysts expectations of $101.36 million. The company’s revenue was down -46.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.30 EPS.

Many Wall Street Analysts have commented on Cray. Pacific Crest Initiated Cray on Jul 28, 2016 to “Overweight”, Price Target of the shares are set at $41.

Cray Inc. designs develops manufactures markets and services the high-performance computing (HPC). The Company markets supercomputers and provides storage and analytics solutions. It also provides software system maintenance and support services and engineering services related to supercomputer systems. The Company operates through segments which include Supercomputing Storage and Data Management Maintenance and Support and Engineering Services and Other. It provides three models of customer-focused solutions: integrated supercomputing and storage solutions with tuned software; commodity-based cluster supercomputing and storage solutions and turn-key analytic solutions featuring industry standards and graph technologies. The Company offers its solutions by combining supercomputing cluster storage and analytics technology. Its customers include domestic and foreign Government and Government-funded entities academic institutions and commercial entities.

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