Acadian Asset Management LLC lifted its holdings in shares of RadNet Inc. (NASDAQ:RDNT) by 58.9% in the fourth quarter, HoldingsChannel reports. The firm owned 128,442 shares of the medical research company’s stock after acquiring an additional 47,585 shares during the period. Acadian Asset Management LLC’s holdings in RadNet were worth $1,297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new position in shares of RadNet during the 3rd quarter worth approximately $195,000. Prudential Financial Inc. increased its stake in shares of RadNet by 15.2% during the 2nd quarter. Prudential Financial Inc. now owns 20,410 shares of the medical research company’s stock worth $158,000 after purchasing an additional 2,700 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of RadNet by 19.5% during the 2nd quarter. Voya Investment Management LLC now owns 21,726 shares of the medical research company’s stock worth $168,000 after purchasing an additional 3,546 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of RadNet by 101.5% during the 2nd quarter. Alliancebernstein L.P. now owns 27,000 shares of the medical research company’s stock worth $209,000 after purchasing an additional 13,600 shares in the last quarter. Finally, Cavalier Investments LLC purchased a new position in shares of RadNet during the 3rd quarter worth approximately $313,000. 53.24% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on RDNT. Zacks Investment Research cut shares of RadNet from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. TheStreet cut shares of RadNet from a “b-” rating to a “c” rating in a research note on Friday, October 27th. Finally, BidaskClub raised shares of RadNet from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th.

Shares of RadNet Inc. (RDNT) opened at $10.20 on Wednesday. The company has a market cap of $490.53, a P/E ratio of 44.35, a price-to-earnings-growth ratio of 2.24 and a beta of 0.83. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 7.88. RadNet Inc. has a 12 month low of $5.25 and a 12 month high of $11.90.

RadNet (NASDAQ:RDNT) last released its earnings results on Thursday, November 9th. The medical research company reported $0.12 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. The firm had revenue of $227.60 million during the quarter, compared to analysts’ expectations of $232.84 million. RadNet had a net margin of 1.21% and a return on equity of 23.73%. RadNet’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. equities analysts anticipate that RadNet Inc. will post 0.35 earnings per share for the current fiscal year.

In other RadNet news, EVP Norman R. Hames sold 7,500 shares of RadNet stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $9.68, for a total value of $72,600.00. Following the completion of the sale, the executive vice president now directly owns 397,587 shares of the company’s stock, valued at approximately $3,848,642.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Norman R. Hames sold 5,000 shares of RadNet stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $9.96, for a total transaction of $49,800.00. Following the completion of the sale, the executive vice president now directly owns 365,087 shares of the company’s stock, valued at $3,636,266.52. The disclosure for this sale can be found here. Insiders sold a total of 133,084 shares of company stock valued at $1,321,587 over the last ninety days. 9.36% of the stock is owned by corporate insiders.

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RadNet Profile

RadNet, Inc is a provider of freestanding, fixed-site outpatient diagnostic imaging services in the United States. As of December 31, 2016, the Company operated directly or indirectly through joint ventures, 305 centers located in California, Delaware, Florida, Maryland, New Jersey, New York and Rhode Island.

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Institutional Ownership by Quarter for RadNet (NASDAQ:RDNT)

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