Truist Financial Corp Reduces Stake in Nutex Health Inc. (NASDAQ:NUTX)

Truist Financial Corp lessened its position in shares of Nutex Health Inc. (NASDAQ:NUTX - Free Report) by 93.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 291,157 shares of the company's stock after selling 4,076,160 shares during the quarter. Truist Financial Corp owned about 5.86% of Nutex Health worth $173,000 at the end of the most recent reporting period.

Nutex Health Trading Up 0.4 %

Shares of NUTX traded up $0.08 during midday trading on Friday, hitting $22.30. 31,821 shares of the stock were exchanged, compared to its average volume of 39,911. Nutex Health Inc. has a 52-week low of $4.16 and a 52-week high of $45.00. The company has a debt-to-equity ratio of 3.04, a quick ratio of 1.55 and a current ratio of 1.59. The stock has a fifty day simple moving average of $20.76 and a 200 day simple moving average of $11.72. The firm has a market cap of $110.88 million, a P/E ratio of -2.11 and a beta of 0.10.

Nutex Health (NASDAQ:NUTX - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.07) EPS for the quarter, beating analysts' consensus estimates of ($0.29) by $0.22. The company had revenue of $76.08 million during the quarter. Nutex Health had a negative return on equity of 43.79% and a negative net margin of 13.73%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NUTX shares. Maxim Group assumed coverage on shares of Nutex Health in a report on Wednesday, September 18th. They issued a "buy" rating and a $45.00 price objective on the stock. Benchmark boosted their price target on shares of Nutex Health from $30.00 to $45.00 and gave the company a "buy" rating in a research note on Wednesday, August 21st.

Insider Buying and Selling

In other Nutex Health news, CFO Jon Christian Bates purchased 1,350 shares of the company's stock in a transaction on Thursday, August 22nd. The stock was acquired at an average price of $21.46 per share, for a total transaction of $28,971.00. Following the completion of the purchase, the chief financial officer now directly owns 2,277 shares in the company, valued at approximately $48,864.42. The trade was a 100.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 38.52% of the stock is owned by insiders.

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.