Nutex Health (NASDAQ:NUTX) Stock Rating Upgraded by Wall Street Zen

Key Points

• Nutex Health's stock rating has been upgraded from "hold" to "strong-buy" by Wall Street Zen, indicating increased investor confidence.
• Maxim Group set a price target of $205.00 for Nutex Health, contributing to an average consensus target price of $252.50.
• Institutional investors have significantly increased their stakes in Nutex Health, with notable acquisitions from firms like Bank of America Corp DE, which grew its holdings by 6,590.3%.

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

Separately, Maxim Group set a $205.00 price target on Nutex Health and gave the company a "buy" rating in a research note on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Nutex Health currently has an average rating of "Buy" and a consensus target price of $252.50.

Nutex Health Trading Up 5.6%

Shares of NUTX stock opened at $102.53 on Friday. The company has a current ratio of 2.27, a quick ratio of 2.26 and a debt-to-equity ratio of 1.02. The stock has a market cap of $569.55 million, a P/E ratio of 8.62 and a beta of -0.17. The stock has a 50 day simple moving average of $92.15 and a 200 day simple moving average of $107.91. Nutex Health has a 1 year low of $17.66 and a 1 year high of $184.27.

Institutional Trading of Nutex Health

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew 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 buying an additional 290 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in Nutex Health during the 2nd quarter worth about $44,000. Bank of America Corp DE grew its holdings in Nutex Health by 6,590.3% during the 4th quarter. Bank of America Corp DE now owns 2,074 shares of the company's stock worth $66,000 after acquiring an additional 2,043 shares during the period. Police & Firemen s Retirement System of New Jersey acquired a new stake in Nutex Health during the 2nd quarter worth about $97,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Nutex Health during the 2nd quarter worth about $112,000. 5.32% of the stock is currently 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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