Nutex Health (NASDAQ:NUTX) Given "Hold (C-)" Rating at Weiss Ratings

Key Points

• Nutex Health's stock has been given a "hold (C-)" rating by Weiss Ratings and has seen a recent price target set at $205.00 from Maxim Group.
• The stock has experienced a 7.1% increase recently, with current trading at around $125.57 and the average price target set at $252.50.
• Institutional investors have made significant moves, with investments from groups like Bank of America Corp DE increasing their holdings by over 6,590% in the fourth quarter.

Nutex Health (NASDAQ:NUTX - Get Free Report)'s stock had its "hold (c-)" rating restated by analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

NUTX has been the subject of a number of other reports. Wall Street Zen lowered shares of Nutex Health from a "strong-buy" rating to a "buy" rating in a research note on Saturday, October 18th. Maxim Group set a $205.00 target price on Nutex Health and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $252.50.

Nutex Health Stock Up 7.1%

NUTX stock opened at $125.57 on Friday. The stock has a market cap of $698.17 million, a PE ratio of 10.56 and a beta of -0.20. The firm's 50-day simple moving average is $97.19 and its 200 day simple moving average is $114.48. Nutex Health has a fifty-two week low of $21.55 and a fifty-two week high of $184.27. The company has a quick ratio of 2.26, a current ratio of 2.27 and a debt-to-equity ratio of 1.02.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in Nutex Health in the 3rd quarter worth about $30,000. BNP Paribas Financial Markets increased its holdings in Nutex Health by 966.7% in the second quarter. BNP Paribas Financial Markets now owns 320 shares of the company's stock worth $40,000 after buying an additional 290 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Nutex Health during the second quarter valued at approximately $44,000. Bank of America Corp DE lifted its stake 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 valued at $66,000 after acquiring an additional 2,043 shares during the last quarter. Finally, Police & Firemen s Retirement System of New Jersey bought a new stake in Nutex Health in the second quarter worth approximately $97,000. Institutional investors and hedge funds own 5.32% of the company's stock.

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.

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