RadNet, Inc. (NASDAQ:RDNT) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its stake in RadNet, Inc. (NASDAQ:RDNT - Free Report) by 24.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 486,446 shares of the medical research company's stock after acquiring an additional 94,259 shares during the period. Rockefeller Capital Management L.P. owned approximately 0.66% of RadNet worth $33,749,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RDNT. Covestor Ltd grew its holdings in RadNet by 10,875.0% during the 3rd quarter. Covestor Ltd now owns 439 shares of the medical research company's stock worth $30,000 after acquiring an additional 435 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of RadNet by 774.2% during the second quarter. Nisa Investment Advisors LLC now owns 848 shares of the medical research company's stock worth $50,000 after purchasing an additional 751 shares in the last quarter. GAMMA Investing LLC increased its holdings in RadNet by 74.7% in the second quarter. GAMMA Investing LLC now owns 865 shares of the medical research company's stock valued at $51,000 after buying an additional 370 shares during the last quarter. Highline Wealth Partners LLC acquired a new stake in RadNet in the third quarter valued at $68,000. Finally, Peterson Financial Group Inc. purchased a new stake in RadNet during the 3rd quarter worth about $90,000. 77.90% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Ranjan Jayanathan sold 38,557 shares of RadNet stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $80.00, for a total value of $3,084,560.00. Following the sale, the insider now owns 192,724 shares of the company's stock, valued at $15,417,920. The trade was a 16.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Jeffrey Katz sold 12,300 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $81.65, for a total transaction of $1,004,295.00. Following the transaction, the executive vice president now owns 62,909 shares in the company, valued at approximately $5,136,519.85. This trade represents a 16.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.12% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on RDNT. Sidoti upgraded RadNet to a "strong-buy" rating in a report on Friday, October 4th. Truist Financial raised their price objective on shares of RadNet from $80.00 to $94.00 and gave the stock a "buy" rating in a report on Friday. Jefferies Financial Group upped their target price on shares of RadNet from $75.00 to $80.00 and gave the company a "buy" rating in a report on Thursday, September 19th. Finally, Barclays raised shares of RadNet from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $57.00 to $79.00 in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $78.25.

RadNet Trading Down 0.9 %

Shares of RDNT stock traded down $0.73 during trading hours on Friday, hitting $81.76. The stock had a trading volume of 425,108 shares, compared to its average volume of 606,144. The stock's 50 day moving average is $72.43 and its 200 day moving average is $65.08. RadNet, Inc. has a twelve month low of $32.37 and a twelve month high of $93.65. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.16 and a quick ratio of 2.16.

RadNet Company Profile

RadNet, Inc, together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. The company operates in two segments: Imaging Centers and Artificial Intelligence. Its services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology, fluoroscopy, and other related procedures, as well as multi-modality imaging services.