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

Nutex Health Inc. (NASDAQ:NUTX) shares gapped down before the market opened on Friday. The stock had previously closed at $213.02, but opened at $204.69. Nutex Health shares last traded at $207.45, with a volume of 13,858 shares trading hands.

Wall Street Analysts Forecast Growth

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

Nutex Health Stock Up 1.3%

The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 8.16 and a beta of 0.55. The business has a fifty day moving average of $194.13 and a 200 day moving average of $155.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 5.00 and a quick ratio of 4.96.

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

Insider Buying and Selling at Nutex Health

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

Hedge Funds Weigh In On Nutex Health

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

Nutex Health Company Profile

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.