Nutex Health (NASDAQ:NUTX) Trading Up 5.8% – Here’s What Happened

Nutex Health Inc. (NASDAQ:NUTX) rose 5.8% during mid-day trading on Thursday . The stock traded as high as $146.94 and last traded at $144.78. Approximately 62,315 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 54,837 shares. The stock had previously closed at $136.89.

Analyst Upgrades and Downgrades

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

Nutex Health Stock Performance

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 firm has a market capitalization of $823.67 million, a price-to-earnings ratio of -15.87 and a beta of 0.27. The firm’s 50-day moving average price is $69.23 and its two-hundred day moving average price is $45.04.

Nutex Health (NASDAQ:NUTX) last posted its earnings results on Monday, March 31st. The company reported $11.12 EPS for the quarter, topping the consensus estimate 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 business had revenue of $81.30 million during the quarter, compared to the consensus estimate of $81.13 million.

Insider Activity at Nutex Health

In other Nutex Health news, CFO Jon Christian Bates bought 1,000 shares of the stock in a transaction dated Tuesday, April 8th. The stock was bought at an average cost of $81.81 per share, for a total transaction of $81,810.00. Following the completion of the purchase, the chief financial officer now owns 4,888 shares in the company, valued at $399,887.28. This represents a 25.72 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 38.52% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Nutex Health

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its holdings in shares of Nutex Health by 6,590.3% in the fourth quarter. Bank of America Corp DE now owns 2,074 shares of the company’s stock valued at $66,000 after purchasing an additional 2,043 shares in the last quarter. Beaird Harris Wealth Management LLC acquired a new position in shares of Nutex Health during the third quarter valued at $69,000. Northern Trust Corp bought a new position in Nutex Health in the fourth quarter valued at about $200,000. Baader Bank Aktiengesellschaft bought a new stake in Nutex Health during the 4th quarter worth about $206,000. Finally, Millennium Management LLC acquired a new position in Nutex Health during the 4th quarter valued at about $213,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

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.