Millennium Management LLC Takes Position in Nutex Health Inc. (NASDAQ:NUTX)

Millennium Management LLC acquired a new stake in Nutex Health Inc. (NASDAQ:NUTX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,727 shares of the company's stock, valued at approximately $213,000. Millennium Management LLC owned approximately 0.12% of Nutex Health at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE increased 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 worth $66,000 after acquiring an additional 2,043 shares during the period. Northern Trust Corp acquired a new position in Nutex Health in the fourth quarter valued at approximately $200,000. World Investment Advisors acquired a new stake in Nutex Health during the fourth quarter worth approximately $217,000. XTX Topco Ltd purchased a new stake in shares of Nutex Health during the 4th quarter worth approximately $251,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Nutex Health in the 4th quarter valued at $672,000. 5.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Nutex Health

In other news, CFO Jon Christian Bates bought 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The shares were purchased at an average price of $81.81 per share, for a total transaction of $81,810.00. Following the completion of the transaction, the chief financial officer now owns 4,888 shares in the company, valued at $399,887.28. The trade was a 25.72% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 38.52% of the stock is owned by insiders.

Nutex Health Price Performance

Nutex Health stock traded up $4.16 during midday trading on Thursday, reaching $124.93. The company's stock had a trading volume of 140,594 shares, compared to its average volume of 75,830. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.74 and a current ratio of 1.77. Nutex Health Inc. has a fifty-two week low of $4.16 and a fifty-two week high of $184.28. The stock's 50 day simple moving average is $135.38 and its 200 day simple moving average is $76.39. The firm has a market capitalization of $693.99 million, a PE ratio of -13.31 and a beta of 0.04.

Nutex Health (NASDAQ:NUTX - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $2.56 EPS for the quarter, topping analysts' consensus estimates of ($0.15) by $2.71. The company had revenue of $211.79 million for the quarter, compared to the consensus estimate of $81.09 million. Nutex Health had a negative return on equity of 51.27% and a negative net margin of 14.09%.

Analyst Upgrades and Downgrades

NUTX has been the topic of a number of research reports. Maxim Group raised their price target on Nutex Health from $100.00 to $225.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Benchmark boosted their price target on Nutex Health from $150.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen downgraded shares of Nutex Health from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

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.