Nutex Health (NASDAQ:NUTX) Sees Unusually-High Trading Volume Following Insider Buying Activity

Nutex Health Inc. (NASDAQ:NUTX) saw an uptick in trading volume on Monday after an insider bought additional shares in the company. 83,932 shares were traded during mid-day trading, an increase of 54% from the previous session’s volume of 54,518 shares.The stock last traded at $121.15 and had previously closed at $132.03.

Specifically, CFO Jon Christian Bates bought 1,000 shares of Nutex Health stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average price of $81.81 per share, with a total value of $81,810.00. Following the acquisition, the chief financial officer now owns 4,888 shares in the company, valued at approximately $399,887.28. This trade represents a 25.72 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Wall Street Analysts Forecast Growth

Separately, Maxim Group upped their price target 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 Up 7.2 %

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 stock has a 50 day simple moving average of $65.71 and a 200 day simple moving average of $43.52. The firm has a market capitalization of $768.23 million, a PE ratio of -14.81 and a beta of 0.27.

Nutex Health (NASDAQ:NUTX) last issued 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. The company had revenue of $81.30 million for the quarter, compared to the consensus estimate of $81.13 million. Nutex Health had a negative net margin of 14.09% and a negative return on equity of 51.27%.

Hedge Funds Weigh In On Nutex Health

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its stake 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 worth $66,000 after purchasing an additional 2,043 shares during the last quarter. Beaird Harris Wealth Management LLC bought a new stake in shares of Nutex Health in the 3rd quarter worth approximately $69,000. Geode Capital Management LLC increased its stake 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 valued at $1,082,000 after buying an additional 3,826 shares during the period. Northern Trust Corp bought a new position in shares of Nutex Health during the fourth quarter valued at approximately $200,000. Finally, Truist Financial Corp raised its holdings in shares of Nutex Health by 22.2% during 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 in the last quarter. 5.32% of the stock is owned by institutional investors.

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.