Nutex Health (NASDAQ:NUTX) Trading Up 12.2% - Time to Buy?

Key Points

• Nutex Health Inc. (NASDAQ:NUTX) saw a significant share price increase of 12.2% during recent trading, reaching a last price of $106.44.
• Wall Street analysts show mixed feelings about the stock, with a $205.00 price target from Maxim Group, while Weiss Ratings maintains a "hold (c-)" rating.
• Institutional investors have made notable moves, including a 966.7% increase in holdings by BNP Paribas Financial Markets, indicating growing interest in Nutex Health.

Shares of Nutex Health Inc. (NASDAQ:NUTX - Get Free Report) were up 12.2% during trading on Monday . The company traded as high as $109.61 and last traded at $106.44. Approximately 73,381 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 149,266 shares. The stock had previously closed at $94.83.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NUTX. Maxim Group set a $205.00 price target on shares of Nutex Health and gave the company a "buy" rating in a report on Tuesday, August 26th. Wall Street Zen cut shares of Nutex Health from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Nutex Health in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $252.50.

Nutex Health Stock Up 17.1%

The company has a market capitalization of $617.16 million, a P/E ratio of 9.34 and a beta of -0.20. The stock has a 50-day moving average price of $95.44 and a 200-day moving average price of $113.42. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.27 and a quick ratio of 2.26.

Hedge Funds Weigh In On Nutex Health

Several hedge funds and other institutional investors have recently bought and sold shares of NUTX. BNP Paribas Financial Markets grew its holdings in Nutex Health by 966.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 320 shares of the company's stock worth $40,000 after acquiring an additional 290 shares during the period. Ameritas Investment Partners Inc. acquired a new stake in Nutex Health during the second quarter worth approximately $44,000. Bank of America Corp DE increased its holdings 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 worth $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 Nutex Health in the second quarter valued at approximately $97,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Nutex Health during the 2nd quarter worth approximately $112,000. 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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