Nutex Health (NASDAQ:NUTX) Sees Unusually-High Trading Volume After Insider Buying Activity

Shares of Nutex Health Inc. (NASDAQ:NUTX - Get Free Report) saw an uptick in trading volume on Monday after an insider bought additional shares in the company. 83,932 shares changed hands during mid-day trading, an increase of 54% from the previous session's volume of 54,518 shares.The stock last traded at $121.15 and had previously closed at $132.03.

Specifically, CFO Jon Christian Bates purchased 1,000 shares of Nutex Health stock in a transaction that occurred on Tuesday, April 8th. The shares were purchased at an average cost of $81.81 per share, with a total value of $81,810.00. Following the transaction, the chief financial officer now owns 4,888 shares of the company's stock, valued at approximately $399,887.28. The trade was a 25.72 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Wall Street Analyst Weigh In

Separately, Maxim Group lifted their price objective on shares of Nutex Health from $75.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th.

Nutex Health Trading Up 8.8 %

The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.74 and a current ratio of 1.77. The company has a market cap of $823.67 million, a P/E ratio of -15.87 and a beta of 0.27. The business has a fifty day simple moving average of $69.23 and a 200 day simple moving average of $45.04.

Nutex Health (NASDAQ:NUTX - Get Free Report) last issued its earnings results on Monday, March 31st. The company reported $11.12 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $11.21. The firm had revenue of $81.30 million for the quarter, compared to analyst estimates of $81.13 million. Nutex Health had a negative return on equity of 51.27% and a negative net margin of 14.09%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Bank of America Corp DE raised its stake in shares of Nutex Health by 6,590.3% in the 4th quarter. Bank of America Corp DE now owns 2,074 shares of the company's stock worth $66,000 after buying an additional 2,043 shares in the last quarter. Beaird Harris Wealth Management LLC acquired a new position in Nutex Health during the third quarter valued at $69,000. Northern Trust Corp acquired a new stake in shares of Nutex Health during the fourth quarter worth approximately $200,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Nutex Health during the 4th quarter valued at $206,000. Finally, Millennium Management LLC purchased a new stake in shares of Nutex Health during the 4th quarter worth about $213,000. 5.32% of the stock is owned by institutional investors and hedge funds.

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.