Shares of Nutex Health Inc. (NASDAQ:NUTX - Get Free Report) saw an uptick in trading volume on Friday . 89,156 shares traded hands during mid-day trading, an increase of 23% from the previous session's volume of 72,453 shares.The stock last traded at $116.43 and had previously closed at $123.40.
Analysts Set New Price Targets
Several analysts have weighed in on NUTX shares. Maxim Group lifted their price objective on Nutex Health from $100.00 to $225.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Wall Street Zen cut shares of Nutex Health from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Finally, Benchmark upped their target price on shares of Nutex Health from $150.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th.
Check Out Our Latest Stock Analysis on Nutex Health
Nutex Health Trading Down 3.6%
The company has a current ratio of 1.77, a quick ratio of 1.74 and a debt-to-equity ratio of 3.36. The company has a market cap of $654.90 million, a P/E ratio of -12.54 and a beta of 0.04. The stock's 50 day moving average is $133.49 and its 200-day moving average is $75.79.
Nutex Health (NASDAQ:NUTX - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 51.27% and a negative net margin of 14.09%.
Insider Transactions at Nutex Health
In other news, CFO Jon Christian Bates purchased 1,000 shares of the company's stock in a transaction dated Tuesday, April 8th. The shares were purchased at an average cost of $81.81 per share, for a total transaction of $81,810.00. Following the purchase, the chief financial officer now directly owns 4,888 shares in the company, valued at approximately $399,887.28. This represents a 25.72% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 38.52% of the company's stock.
Hedge Funds Weigh In On Nutex Health
Several institutional investors and hedge funds have recently bought and sold shares of NUTX. Topline Capital Management LLC purchased a new position in Nutex Health during the fourth quarter valued at $5,690,000. American Century Companies Inc. purchased a new position in Nutex Health during the fourth quarter valued at $1,362,000. Ancora Advisors LLC purchased a new position in Nutex Health during the fourth quarter valued at $1,334,000. Essex Investment Management Co. LLC lifted its position in Nutex Health by 45.4% during the fourth quarter. Essex Investment Management Co. LLC now owns 105,809 shares of the company's stock valued at $3,353,000 after purchasing an additional 33,024 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Nutex Health during the fourth quarter valued at $672,000. 5.32% of the stock is currently owned by hedge funds and other institutional investors.
About Nutex Health
(
Get Free Report)
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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