Nutex Health Inc. (NASDAQ:NUTX) Stock Position Cut by Drive Wealth Management LLC

Key Points

• Drive Wealth Management LLC reduced its stake in Nutex Health Inc. by 34.0%, currently holding approximately 0.42% of the company's stock, valued at $1,099,000.
• Nutex Health reported strong quarterly earnings, with an EPS of $2.56, significantly surpassing analysts' expectations of ($0.15), and revenue reaching $211.79 million.
• Several analysts have upgraded their ratings and price targets for Nutex Health, including Maxim Group raising its target from $100.00 to $225.00.

Drive Wealth Management LLC lowered its position in shares of Nutex Health Inc. (NASDAQ:NUTX - Free Report) by 34.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,363 shares of the company's stock after selling 12,040 shares during the period. Drive Wealth Management LLC owned about 0.42% of Nutex Health worth $1,099,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in NUTX. Bank of America Corp DE lifted its position in shares of Nutex Health by 6,590.3% during the fourth quarter. Bank of America Corp DE now owns 2,074 shares of the company's stock valued at $66,000 after buying an additional 2,043 shares during the last quarter. Northern Trust Corp purchased a new position in Nutex Health in the fourth quarter worth $200,000. Millennium Management LLC acquired a new position in shares of Nutex Health during the fourth quarter worth $213,000. World Investment Advisors purchased a new stake in shares of Nutex Health during the 4th quarter valued at $217,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of Nutex Health in the 4th quarter worth $231,000. 5.32% of the stock is currently owned by institutional investors.

Nutex Health Stock Down 2.3%

Shares of NUTX traded down $2.23 during midday trading on Monday, reaching $92.80. The stock had a trading volume of 118,978 shares, compared to its average volume of 140,683. The company has a market cap of $515.94 million, a price-to-earnings ratio of 7.80 and a beta of -0.04. The company's fifty day simple moving average is $128.90 and its two-hundred day simple moving average is $95.43. Nutex Health Inc. has a 1-year low of $6.45 and a 1-year high of $184.27. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.27 and a quick ratio of 2.26.

Nutex Health (NASDAQ:NUTX - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $2.56 EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $2.71. The business had revenue of $211.79 million for the quarter, compared to the consensus estimate of $81.09 million. Nutex Health had a return on equity of 42.08% and a net margin of 10.76%.

Analysts Set New Price Targets

Several brokerages recently issued reports on NUTX. Wall Street Zen lowered Nutex Health from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Benchmark increased their price objective on shares of Nutex Health from $150.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Maxim Group lifted their target price on shares of Nutex Health from $100.00 to $225.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th.

Nutex Health Company Profile

Nutex Health Inc operates as a physician-led, healthcare services, and operations company. It operates through three segments: Hospital, Population Health Management (PHM), and Real Estate. The PHM segment establishes and operates independent physician associations; and offers a cloud-based platform for healthcare organizations to provide value-based care and population health management.