Essex Investment Management Co. LLC Trims Stake in Nutex Health Inc. (NASDAQ:NUTX)

Key Points

• Essex Investment Management Co. LLC reduced its stake in Nutex Health Inc. by 17.6%, selling 18,586 shares during Q1, leaving it with 87,223 shares valued at approximately $4.1 million.
• Analyst ratings have varied for Nutex Health, with Benchmark raising its price target significantly from $150 to $300, while Wall Street Zen downgraded the stock from "strong-buy" to "buy."
• Nutex Health reported earnings of $2.56 per share, exceeding estimates and showing strong revenue of $211.79 million for the quarter, significantly above analyst expectations.

Essex Investment Management Co. LLC cut its holdings in Nutex Health Inc. (NASDAQ:NUTX - Free Report) by 17.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,223 shares of the company's stock after selling 18,586 shares during the quarter. Nutex Health makes up approximately 0.9% of Essex Investment Management Co. LLC's holdings, making the stock its 29th largest holding. Essex Investment Management Co. LLC owned about 1.58% of Nutex Health worth $4,102,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NUTX. Bank of America Corp DE lifted its holdings in Nutex Health by 6,590.3% in the fourth quarter. Bank of America Corp DE now owns 2,074 shares of the company's stock worth $66,000 after buying an additional 2,043 shares during the period. Geode Capital Management LLC lifted its holdings in Nutex Health by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 34,125 shares of the company's stock worth $1,082,000 after buying an additional 3,826 shares during the period. Northern Trust Corp purchased a new stake in Nutex Health in the fourth quarter worth about $200,000. Millennium Management LLC purchased a new stake in Nutex Health in the fourth quarter worth about $213,000. Finally, World Investment Advisors purchased a new stake in Nutex Health in the fourth quarter worth about $217,000. 5.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Nutex Health Stock Up 0.6%

NASDAQ NUTX traded up $0.52 during mid-day trading on Friday, reaching $85.33. The stock had a trading volume of 139,270 shares, compared to its average volume of 142,979. Nutex Health Inc. has a 1 year low of $6.45 and a 1 year high of $184.27. The stock has a market cap of $474.44 million, a PE ratio of 7.18 and a beta of -0.04. The company has a fifty day moving average price of $122.15 and a 200 day moving average price of $96.08. 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 announced its quarterly earnings data on Tuesday, May 13th. The company reported $2.56 earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $2.71. Nutex Health had a net margin of 10.76% and a return on equity of 42.08%. The company had revenue of $211.79 million during the quarter, compared to analyst estimates of $81.09 million.

Nutex Health 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.