Free Trial

9,198 Shares in RadNet, Inc. (NASDAQ:RDNT) Purchased by Teacher Retirement System of Texas

RadNet logo with Medical background

Teacher Retirement System of Texas bought a new position in RadNet, Inc. (NASDAQ:RDNT - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,198 shares of the medical research company's stock, valued at approximately $457,000.

Other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers raised its holdings in RadNet by 1.1% in the first quarter. Rhumbline Advisers now owns 175,776 shares of the medical research company's stock worth $8,740,000 after purchasing an additional 1,895 shares during the period. GAMMA Investing LLC raised its holdings in shares of RadNet by 22.3% during the first quarter. GAMMA Investing LLC now owns 1,644 shares of the medical research company's stock worth $82,000 after acquiring an additional 300 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of RadNet by 28.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,945 shares of the medical research company's stock worth $345,000 after acquiring an additional 1,545 shares during the period. SG Americas Securities LLC raised its holdings in shares of RadNet by 239.5% during the first quarter. SG Americas Securities LLC now owns 13,337 shares of the medical research company's stock worth $663,000 after acquiring an additional 9,409 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of RadNet by 154.8% during the fourth quarter. JPMorgan Chase & Co. now owns 338,843 shares of the medical research company's stock worth $23,665,000 after acquiring an additional 205,846 shares during the period. 77.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on RDNT shares. Barclays dropped their price objective on shares of RadNet from $74.00 to $60.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. B. Riley initiated coverage on shares of RadNet in a report on Friday, June 13th. They set a "buy" rating and a $69.00 price objective on the stock. Wall Street Zen downgraded shares of RadNet from a "hold" rating to a "sell" rating in a research report on Sunday, June 29th. Finally, Truist Financial set a $74.00 target price on shares of RadNet in a research report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, RadNet presently has a consensus rating of "Buy" and a consensus price target of $69.60.

Get Our Latest Stock Report on RDNT

RadNet Stock Performance

Shares of RadNet stock traded up $0.45 during trading on Monday, hitting $57.94. 793,664 shares of the stock were exchanged, compared to its average volume of 689,986. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of -134.74 and a beta of 1.41. The company has a fifty day moving average price of $57.29 and a 200-day moving average price of $56.87. RadNet, Inc. has a 1-year low of $45.00 and a 1-year high of $93.65. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.87.

Insider Activity

In other news, COO Norman R. Hames sold 5,536 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $60.00, for a total transaction of $332,160.00. Following the transaction, the chief operating officer directly owned 249,183 shares in the company, valued at $14,950,980. The trade was a 2.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alma Gregory Sorensen sold 55,000 shares of RadNet stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $56.48, for a total transaction of $3,106,400.00. Following the sale, the executive vice president directly owned 1,160,509 shares of the company's stock, valued at $65,545,548.32. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,447 shares of company stock worth $3,613,220 over the last 90 days. 5.60% of the stock is owned by company insiders.

RadNet Profile

(Free Report)

RadNet, Inc, together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. The company operates in two segments: Imaging Centers and Artificial Intelligence. Its services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology, fluoroscopy, and other related procedures, as well as multi-modality imaging services.

Recommended Stories

Institutional Ownership by Quarter for RadNet (NASDAQ:RDNT)

Should You Invest $1,000 in RadNet Right Now?

Before you consider RadNet, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RadNet wasn't on the list.

While RadNet currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Stocks Set to Soar in Fall 2025 Cover

Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Quantum Boom: 3 Strong Picks with Lower Risk
3 Overlooked AI Stocks That Chipmakers Can’t Live Without
Palantir & AMD Earnings: Massive Options Setups Ahead

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines