Northern Trust Corp Makes New Investment in Nutex Health Inc. (NASDAQ:NUTX)

Northern Trust Corp acquired a new stake in shares of Nutex Health Inc. (NASDAQ:NUTX - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,312 shares of the company's stock, valued at approximately $200,000. Northern Trust Corp owned 0.12% of Nutex Health as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. World Investment Advisors acquired a new position in Nutex Health during the fourth quarter valued at approximately $217,000. XTX Topco Ltd acquired a new position in shares of Nutex Health in the fourth quarter valued at approximately $251,000. Russell Investments Group Ltd. acquired a new position in shares of Nutex Health in the fourth quarter valued at approximately $672,000. Legato Capital Management LLC boosted its holdings in shares of Nutex Health by 26.8% in the fourth quarter. Legato Capital Management LLC now owns 31,669 shares of the company's stock valued at $1,004,000 after buying an additional 6,697 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Nutex Health by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 34,125 shares of the company's stock valued at $1,082,000 after buying an additional 3,826 shares during the period. Institutional investors and hedge funds own 5.32% of the company's stock.

Nutex Health Stock Performance

NUTX stock traded down $1.38 during trading hours on Friday, reaching $122.02. The stock had a trading volume of 342,237 shares, compared to its average volume of 73,642. The stock has a market capitalization of $679.16 million, a PE ratio of -13.00 and a beta of 0.04. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.77 and a quick ratio of 1.74. The stock has a 50-day simple moving average of $132.63 and a 200 day simple moving average of $74.59. Nutex Health Inc. has a fifty-two week low of $4.16 and a fifty-two week high of $184.28.

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

Analyst Ratings Changes

Several research firms have recently weighed in on NUTX. Maxim Group upped their price target 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. Benchmark upped their price target 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. Finally, Wall Street Zen cut shares of Nutex Health from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd.

Insider Buying and Selling at Nutex Health

In related news, CFO Jon Christian Bates bought 1,000 shares of the business's stock in a transaction dated Tuesday, April 8th. The stock was bought at an average price of $81.81 per share, for a total transaction of $81,810.00. Following the purchase, the chief financial officer now owns 4,888 shares in the company, valued at $399,887.28. This represents a 25.72% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 38.52% of the company's stock.

About Nutex Health

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.