Nutex Health (NASDAQ:NUTX) Stock Price Up 8.1% - Here's Why

Nutex Health Inc. (NASDAQ:NUTX - Get Free Report) rose 8.1% on Monday . The stock traded as high as $130.00 and last traded at $128.02. Approximately 73,546 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 86,986 shares. The stock had previously closed at $118.37.

Analysts Set New Price Targets

Several analysts have recently issued reports on NUTX shares. Maxim Group increased their target price on Nutex Health from $100.00 to $225.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Wall Street Zen cut shares of Nutex Health from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Benchmark raised their target price 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.

Nutex Health Trading Up 9.6%

The firm has a 50-day moving average of $135.30 and a two-hundred day moving average of $88.19. The firm has a market capitalization of $766.33 million, a P/E ratio of 11.59 and a beta of -0.04. The company has a current ratio of 2.27, a quick ratio of 2.26 and a debt-to-equity ratio of 1.02.

Nutex Health (NASDAQ:NUTX - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $2.56 EPS for the quarter, topping 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 net margin of 10.76% and a return on equity of 42.08%.

Hedge Funds Weigh In On Nutex Health

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new stake in shares of Nutex Health during the fourth quarter worth about $672,000. Millennium Management LLC bought a new stake in shares of Nutex Health in the 4th quarter valued at about $213,000. American Century Companies Inc. bought a new stake in shares of Nutex Health in the 4th quarter valued at about $1,362,000. Squarepoint Ops LLC acquired a new stake in shares of Nutex Health in the fourth quarter valued at about $285,000. Finally, Northern Trust Corp bought a new position in shares of Nutex Health during the fourth quarter worth about $200,000. Institutional investors and hedge funds own 5.32% 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.