Nutex Health (NASDAQ:NUTX) Cut to Hold at Zacks Research

by · The Markets Daily

Zacks Research cut shares of Nutex Health (NASDAQ:NUTX – Free Report) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks reports.

A number of other research firms also recently issued reports on NUTX. Wall Street Zen raised shares of Nutex Health from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. B. Riley Financial reaffirmed a “buy” rating on shares of Nutex Health in a report on Friday, September 4th. Weiss Ratings upgraded shares of Nutex Health from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Finally, Lake Street Capital reiterated a “buy” rating and issued a $310.00 price target (up from $235.00) on shares of Nutex Health in a research note on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $317.50.

Check Out Our Latest Research Report on NUTX

Nutex Health Stock Performance

NASDAQ:NUTX opened at $205.01 on Tuesday. The stock has a 50 day simple moving average of $194.13 and a 200 day simple moving average of $155.36. The stock has a market cap of $1.40 billion, a P/E ratio of 8.05 and a beta of 0.55. Nutex Health has a 1-year low of $83.99 and a 1-year high of $226.16. 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 (NASDAQ:NUTX – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $9.38 EPS for the quarter, beating analysts’ consensus estimates of $4.95 by $4.43. The firm had revenue of $210.75 million for the quarter, compared to analyst estimates of $215.03 million. Nutex Health had a return on equity of 39.74% and a net margin of 21.25%. Research analysts anticipate that Nutex Health will post 27.58 earnings per share for the current year.

Insider Activity at Nutex Health

In related news, Director Scott Saunders sold 203 shares of the company’s stock in a transaction on Friday, September 18th. The stock was sold at an average price of $214.25, for a total transaction of $43,492.75. Following the completion of the sale, the director directly owned 400 shares in the company, valued at $85,700. This represents a 33.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 44.68% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. WINTON GROUP Ltd acquired a new position in Nutex Health during the second quarter worth about $237,000. Allworth Financial LP lifted its holdings in shares of Nutex Health by 41.0% in the second quarter. Allworth Financial LP now owns 203 shares of the company’s stock worth $35,000 after acquiring an additional 59 shares during the last quarter. Arizona State Retirement System acquired a new stake in shares of Nutex Health in the 2nd quarter valued at approximately $230,000. Corient Private Wealth LP boosted its stake in shares of Nutex Health by 5.1% in the 2nd quarter. Corient Private Wealth LP now owns 6,684 shares of the company’s stock valued at $1,142,000 after purchasing an additional 325 shares in the last quarter. Finally, Amundi bought a new stake in shares of Nutex Health during the 2nd quarter valued at approximately $378,000. Institutional investors own 5.32% of the company’s stock.

Nutex Health Company Profile

(Get Free Report)

Nutex Health Inc is a physician-led healthcare company that operates an integrated network of micro hospitals, specialty hospitals and other healthcare facilities. Its care-delivery business provides emergency, inpatient and outpatient services designed to offer localized access to hospital care, particularly in communities that may be underserved by traditional hospital systems.

The company also operates a population health management business. Through affiliated physician networks and independent physician associations, Nutex Health provides services such as care coordination, utilization management and support for value-based care arrangements.

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