Insider Buying: Nutex Health Inc. (NASDAQ:NUTX) CFO Purchases 1,000 Shares of Stock

Nutex Health Inc. (NASDAQ:NUTX) CFO Jon Christian Bates bought 1,000 shares of the business’s stock in a transaction on Tuesday, April 8th. The stock was bought at an average price 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 approximately $399,887.28. This represents a 25.72 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Nutex Health Stock Down 1.8 %

Shares of Nutex Health stock opened at $129.67 on Tuesday. Nutex Health Inc. has a 12-month low of $4.16 and a 12-month high of $137.32. The stock has a 50 day moving average price of $64.12 and a two-hundred day moving average price of $42.85. The company has a quick ratio of 1.74, a current ratio of 1.77 and a debt-to-equity ratio of 3.36. The stock has a market capitalization of $716.82 million, a P/E ratio of -13.81 and a beta of 0.27.

Nutex Health (NASDAQ:NUTX) last released its earnings results on Monday, March 31st. The company reported $11.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 Investors Weigh In On Nutex Health

Institutional investors have recently added to or reduced their stakes in the company. 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 valued at $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 3rd quarter worth about $69,000. Geode Capital Management LLC lifted its position in shares of Nutex Health by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 34,125 shares of the company’s stock worth $1,082,000 after purchasing an additional 3,826 shares in the last quarter. Northern Trust Corp bought a new position in Nutex Health in the fourth quarter valued at about $200,000. Finally, Truist Financial Corp boosted its stake in Nutex Health by 22.2% in the fourth quarter. Truist Financial Corp now owns 35,570 shares of the company’s stock valued at $1,127,000 after acquiring an additional 6,454 shares during the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Maxim Group lifted their price target on Nutex Health from $75.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, April 8th.

About Nutex Health

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.