Scissortail Wealth Management LLC Grows Stock Holdings in Nutex Health Inc. (NASDAQ:NUTX)

Scissortail Wealth Management LLC increased its stake in Nutex Health Inc. (NASDAQ:NUTX - Free Report) by 485,900.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,720 shares of the company's stock after buying an additional 9,718 shares during the period. Scissortail Wealth Management LLC owned 0.18% of Nutex Health worth $308,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Drive Wealth Management LLC purchased a new position in shares of Nutex Health in the 4th quarter worth $1,122,000. Russell Investments Group Ltd. purchased a new stake in shares of Nutex Health in the fourth quarter worth $672,000. Legato Capital Management LLC raised its holdings in Nutex Health by 26.8% during the fourth quarter. Legato Capital Management LLC now owns 31,669 shares of the company's stock valued at $1,004,000 after acquiring an additional 6,697 shares during the period. Baader Bank Aktiengesellschaft bought a new stake in Nutex Health during the 4th quarter valued at approximately $206,000. Finally, American Century Companies Inc. purchased a new position in shares of Nutex Health in the fourth quarter worth $1,362,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen cut shares of Nutex Health from a "strong-buy" rating to a "buy" rating in a research note on Thursday. Maxim Group lifted their target price on Nutex Health from $100.00 to $225.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Benchmark increased their price target on Nutex Health from $150.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, May 15th.

Nutex Health Price Performance

Shares of NUTX stock traded down $5.27 on Thursday, reaching $163.73. The company's stock had a trading volume of 61,993 shares, compared to its average volume of 67,725. The stock's fifty day simple moving average is $109.34 and its 200-day simple moving average is $64.30. Nutex Health Inc. has a 1 year low of $4.16 and a 1 year high of $184.28. The company has a market capitalization of $911.32 million, a price-to-earnings ratio of -17.44 and a beta of -0.10. The company has a current ratio of 1.77, a quick ratio of 1.74 and a debt-to-equity ratio of 3.36.

Nutex Health (NASDAQ:NUTX - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported $2.56 earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $2.71. Nutex Health had a negative net margin of 14.09% and a negative return on equity of 51.27%. The firm had revenue of $211.79 million for the quarter, compared to the consensus estimate of $81.09 million.

Insiders Place Their Bets

In other news, CFO Jon Christian Bates purchased 1,000 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average cost of $81.81 per share, for a total transaction of $81,810.00. Following the acquisition, the chief financial officer now owns 4,888 shares of the company's stock, valued at approximately $399,887.28. This trade represents a 25.72% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 38.52% of the stock is currently owned by insiders.

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.