Nutex Health (NASDAQ:NUTX) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• Nutex Health has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, reflecting a shift in analyst sentiment regarding the stock.
• Despite the downgrade, Nutex Health still has two analysts with a "buy" rating and an average price target of $252.50.
• The company's stock has shown a 2.9% decline, with current trading at $83.38 after reaching a high of $184.27 over the past year.

Nutex Health (NASDAQ:NUTX - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Friday.

Other equities analysts have also issued reports about the company. Maxim Group set a $205.00 price target on Nutex Health and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Benchmark boosted their price target on Nutex Health from $150.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, Nutex Health presently has an average rating of "Buy" and an average target price of $252.50.

Nutex Health Stock Down 2.9%

Shares of NASDAQ:NUTX opened at $83.38 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.26 and a current ratio of 2.27. Nutex Health has a 1 year low of $17.51 and a 1 year high of $184.27. The stock has a market capitalization of $463.59 million, a P/E ratio of 7.01 and a beta of -0.17. The stock has a 50-day simple moving average of $99.74 and a 200-day simple moving average of $103.61.

Hedge Funds Weigh In On Nutex Health

Institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its position in shares of Nutex Health by 966.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 320 shares of the company's stock valued at $40,000 after purchasing an additional 290 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Nutex Health in the 2nd quarter valued at approximately $44,000. Bank of America Corp DE raised its position in shares of Nutex Health by 6,590.3% in the 4th quarter. Bank of America Corp DE now owns 2,074 shares of the company's stock valued at $66,000 after purchasing an additional 2,043 shares in the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Nutex Health in the 2nd quarter valued at approximately $97,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Nutex Health during the 2nd quarter valued at approximately $112,000. 5.32% of the stock is owned by institutional investors and hedge funds.

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.

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