Nutex Health Inc. (NUTX) – What Are Investment Firms Thinking About This Stock?

Shares of Nutex Health Inc. (NASDAQ:NUTX) have earned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $323.67.

Several research analysts recently issued reports on NUTX shares. B. Riley Financial reissued a “buy” rating on shares of Nutex Health in a research note on Friday, September 4th. Weiss Ratings upgraded shares of Nutex Health from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, October 6th. Zacks Research cut Nutex Health from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Lake Street Capital reaffirmed a “buy” rating and issued a $310.00 target price (up from $235.00) on shares of Nutex Health in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded Nutex Health from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd.

Insider Transactions at Nutex Health

In related news, Director Scott Saunders sold 203 shares of the business’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $214.25, for a total value of $43,492.75. Following the sale, the director directly owned 400 shares in the company, valued at approximately $85,700. The trade was a 33.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 44.68% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NUTX. Kilter Group LLC bought a new stake in Nutex Health during the 2nd quarter valued at $27,000. Allworth Financial LP purchased a new stake in shares of Nutex Health during the second quarter worth $35,000. GK Wealth Management LLC bought a new position in shares of Nutex Health in the third quarter worth $73,000. EverSource Wealth Advisors LLC bought a new position in shares of Nutex Health in the first quarter worth $83,000. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Nutex Health by 243.6% in the third quarter. State of Alaska Department of Revenue now owns 1,000 shares of the company’s stock worth $211,000 after acquiring an additional 709 shares during the period. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Nutex Health Stock Performance

NASDAQ NUTX opened at $209.59 on Monday. The firm has a market capitalization of $1.44 billion, a PE ratio of 8.23 and a beta of 0.55. The business’s 50-day moving average price is $201.41 and its two-hundred day moving average price is $163.35. The company has a current ratio of 5.00, a quick ratio of 4.96 and a debt-to-equity ratio of 0.59. Nutex Health has a 12 month low of $83.99 and a 12 month high of $226.16.

Nutex Health (NASDAQ:NUTX) last released its quarterly earnings results on Thursday, August 6th. The company reported $9.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.95 by $4.43. The firm had revenue of $210.75 million during the quarter, compared to analyst estimates of $215.03 million. Nutex Health had a net margin of 21.25% and a return on equity of 39.74%. On average, analysts expect that Nutex Health will post 27.58 EPS for the current year.

Nutex Health Company Profile

Nutex Health, Inc (NASDAQ:NUTX) is a physician-led healthcare services company that operates an integrated network of hospitals, medical facilities and physician practices in the United States. The company focuses on providing convenient, community-based care through its micro-hospitals and other healthcare locations.

Its hospital operations generally include emergency services, inpatient care, diagnostic testing and outpatient treatment. Nutex also operates physician networks and supports primary care and specialty providers.