Drive Wealth Management LLC purchased a new stake in shares of Nutex Health Inc. (NASDAQ:NUTX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 35,403 shares of the company's stock, valued at approximately $1,122,000. Drive Wealth Management LLC owned approximately 0.65% of Nutex Health at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. Beaird Harris Wealth Management LLC bought a new position in shares of Nutex Health in the third quarter worth about $69,000. State Street Corp bought a new position in Nutex Health in the 3rd quarter worth approximately $225,000. Thompson Davis & CO. Inc. purchased a new stake in Nutex Health during the 3rd quarter valued at approximately $494,000. International Assets Investment Management LLC bought a new stake in shares of Nutex Health during the third quarter valued at approximately $188,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Nutex Health in the third quarter worth $1,579,000. 5.32% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have issued reports on NUTX shares. Maxim Group lifted their price target on shares of Nutex Health from $45.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Benchmark lifted their target price on Nutex Health from $45.00 to $60.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th.
Get Our Latest Report on NUTX
Nutex Health Price Performance
Shares of NUTX stock traded down $2.08 on Monday, reaching $40.46. The company's stock had a trading volume of 61,655 shares, compared to its average volume of 31,210. The stock's fifty day simple moving average is $34.13 and its 200-day simple moving average is $24.17. Nutex Health Inc. has a 1 year low of $4.16 and a 1 year high of $44.50. The company has a market capitalization of $220.10 million, a price-to-earnings ratio of -4.31 and a beta of 0.18. 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 issued its quarterly earnings data on Thursday, November 7th. The company reported ($1.72) EPS for the quarter. The business had revenue of $78.79 million during the quarter. Nutex Health had a negative return on equity of 51.27% and a negative net margin of 14.09%.
Nutex Health Profile
(
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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