Nutex Health Inc. (NASDAQ:NUTX - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday following insider buying activity. The company traded as high as $137.32 and last traded at $129.67, with a volume of 212340 shares changing hands. The stock had previously closed at $132.03.
Specifically, CFO Jon Christian Bates acquired 1,000 shares of the business's stock in a transaction on Tuesday, April 8th. The shares were acquired 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 in the company, valued at $399,887.28. The trade was a 25.72 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Analyst Ratings Changes
Separately, Maxim Group raised their target price on Nutex Health from $75.00 to $100.00 and gave the company a "buy" rating in a research note on Tuesday, April 8th.
Get Our Latest Stock Report on NUTX
Nutex Health Stock Performance
The company has a current ratio of 1.77, a quick ratio of 1.74 and a debt-to-equity ratio of 3.36. The company's 50 day moving average is $71.04 and its 200-day moving average is $46.10. The company has a market capitalization of $823.67 million, a P/E ratio of -15.87 and a beta of 0.27.
Nutex Health (NASDAQ:NUTX - Get Free Report) last issued its quarterly earnings results on Monday, March 31st. The company reported $11.12 EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $11.21. Nutex Health had a negative return on equity of 51.27% and a negative net margin of 14.09%. The firm had revenue of $81.30 million for the quarter, compared to analysts' expectations of $81.13 million.
Institutional Investors Weigh In On Nutex Health
Institutional investors have recently modified their holdings of the stock. Drive Wealth Management LLC purchased a new stake in Nutex Health during the 4th quarter valued at about $1,122,000. Legato Capital Management LLC increased its position in shares of 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 in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in Nutex Health in the 4th quarter worth approximately $206,000. American Century Companies Inc. acquired a new position in shares of Nutex Health in the 4th quarter valued at $1,362,000. Finally, Truist Financial Corp lifted its position in Nutex Health by 22.2% during the 4th quarter. Truist Financial Corp now owns 35,570 shares of the company's stock worth $1,127,000 after acquiring an additional 6,454 shares during the period. 5.32% of the stock is owned by hedge funds and other institutional investors.
Nutex Health Company Profile
(
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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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