Nutex Health (NASDAQ:NUTX) Shares Down 7.3% – What’s Next?

Nutex Health Inc. (NASDAQ:NUTX)’s share price dropped 7.3% on Tuesday . The stock traded as low as $162.39 and last traded at $162.9050. Approximately 46,216 shares traded hands during trading, a decline of 70% from the average daily volume of 151,923 shares. The stock had previously closed at $175.78.

Analysts Set New Price Targets

A number of research analysts recently commented on NUTX shares. Maxim Group set a $205.00 price target on Nutex Health and gave the company a “buy” rating in a report on Tuesday, August 26th. Wall Street Zen upgraded Nutex Health from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nutex Health in a report on Monday, December 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nutex Health currently has an average rating of “Moderate Buy” and an average price target of $252.50.

Nutex Health Stock Performance

The company has a debt-to-equity ratio of 0.67, a quick ratio of 3.18 and a current ratio of 3.20. The stock has a 50 day moving average of $125.68 and a 200 day moving average of $112.54. The stock has a market capitalization of $1.16 billion, a P/E ratio of 8.87 and a beta of -0.03.

Nutex Health (NASDAQ:NUTX) last announced its quarterly earnings results on Tuesday, November 18th. The company reported $7.76 earnings per share (EPS) for the quarter, beating the consensus estimate of ($5.43) by $13.19. Nutex Health had a net margin of 11.62% and a return on equity of 37.44%. The company had revenue of $243.99 million during the quarter, compared to the consensus estimate of $221.93 million.

Insider Activity at Nutex Health

In other news, CFO Jon Christian Bates purchased 750 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were bought at an average price of $136.71 per share, for a total transaction of $102,532.50. Following the completion of the purchase, the chief financial officer owned 5,638 shares of the company’s stock, valued at $770,770.98. This trade represents a 15.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 36.92% of the company’s stock.

Hedge Funds Weigh In On Nutex Health

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Topline Capital Management LLC raised its stake in Nutex Health by 80.0% during the 3rd quarter. Topline Capital Management LLC now owns 556,567 shares of the company’s stock valued at $57,505,000 after acquiring an additional 247,436 shares in the last quarter. Pertento Partners LLP bought a new stake in shares of Nutex Health during the third quarter valued at about $27,940,000. Vanguard Group Inc. lifted its holdings in Nutex Health by 12.7% in the third quarter. Vanguard Group Inc. now owns 214,954 shares of the company’s stock worth $22,209,000 after purchasing an additional 24,275 shares during the period. American Century Companies Inc. lifted its holdings in Nutex Health by 39.9% in the second quarter. American Century Companies Inc. now owns 104,063 shares of the company’s stock worth $12,955,000 after purchasing an additional 29,704 shares during the period. Finally, Marshall Wace LLP grew its position in Nutex Health by 333.4% in the 2nd quarter. Marshall Wace LLP now owns 94,548 shares of the company’s stock valued at $11,770,000 after buying an additional 72,734 shares in the last quarter. 5.32% of the stock is owned by institutional investors.

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.