Wall Street Zen Downgrades Nutex Health (NASDAQ:NUTX) to Hold

by · The Cerbat Gem

Nutex Health (NASDAQ:NUTX – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Separately, Maxim Group set a $205.00 price target on Nutex Health and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $252.50.

Get Our Latest Stock Report on Nutex Health

Nutex Health Stock Performance

NASDAQ NUTX opened at $97.19 on Friday. The company has a fifty day simple moving average of $96.23 and a 200 day simple moving average of $105.30. The company has a current ratio of 2.27, a quick ratio of 2.26 and a debt-to-equity ratio of 1.02. The company has a market cap of $540.38 million, a P/E ratio of 8.17 and a beta of -0.17. Nutex Health has a 12-month low of $17.51 and a 12-month high of $184.27.

Institutional Investors Weigh In On Nutex Health

Hedge funds have recently added to or reduced their stakes in the business. Topline Capital Management LLC increased its position in shares of Nutex Health by 72.0% during the second quarter. Topline Capital Management LLC now owns 309,131 shares of the company’s stock worth $38,484,000 after purchasing an additional 129,418 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Nutex Health by 39.9% in the second quarter. American Century Companies Inc. now owns 104,063 shares of the company’s stock valued at $12,955,000 after acquiring an additional 29,704 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Nutex Health by 333.4% in the second quarter. Marshall Wace LLP now owns 94,548 shares of the company’s stock worth $11,770,000 after buying an additional 72,734 shares during the period. Geode Capital Management LLC increased its holdings in shares of Nutex Health by 116.8% during the 2nd quarter. Geode Capital Management LLC now owns 78,859 shares of the company’s stock valued at $9,819,000 after acquiring an additional 42,484 shares during the last quarter. Finally, Divisadero Street Capital Management LP acquired a new position in Nutex Health in the 2nd quarter valued at approximately $7,481,000. 5.32% of the stock is currently owned by institutional investors and hedge funds.

About Nutex Health

(Get Free Report)

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.

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