Nutex Health Inc. (NASDAQ:NUTX) CFO Jon Christian Bates Buys 1,000 Shares of Stock

Nutex Health Inc. (NASDAQ:NUTX) CFO Jon Christian Bates acquired 1,000 shares of Nutex Health stock in a transaction on Tuesday, April 8th. The shares were bought at an average cost of $81.81 per share, with a total value of $81,810.00. Following the completion of the purchase, the chief financial officer now owns 4,888 shares in the company, valued at $399,887.28. The trade was a 25.72 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Nutex Health Trading Down 1.8 %

Shares of Nutex Health stock opened at $129.67 on Tuesday. The company has a market capitalization of $716.82 million, a P/E ratio of -13.81 and a beta of 0.27. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.77 and a quick ratio of 1.74. The business has a 50 day moving average price of $64.12 and a 200 day moving average price of $42.85. Nutex Health Inc. has a 1 year low of $4.16 and a 1 year high of $137.32.

Nutex Health (NASDAQ:NUTX) last released its earnings results on Monday, March 31st. The company reported $11.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $11.21. The firm had revenue of $81.30 million during the quarter, compared to the consensus estimate of $81.13 million. Nutex Health had a negative net margin of 14.09% and a negative return on equity of 51.27%.

Analysts Set New Price Targets

Separately, Maxim Group increased their target price on Nutex Health from $75.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, April 8th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. State Street Corp purchased a new stake in shares of Nutex Health during the third quarter worth about $225,000. Beaird Harris Wealth Management LLC bought a new position in shares of Nutex Health during the third quarter worth about $69,000. Drive Wealth Management LLC bought a new position in shares of Nutex Health in the fourth quarter worth $1,122,000. Baader Bank Aktiengesellschaft acquired a new stake in Nutex Health in the fourth quarter worth approximately $206,000. Finally, Legato Capital Management LLC boosted its position in shares of Nutex Health by 26.8% during the 4th quarter. Legato Capital Management LLC now owns 31,669 shares of the company’s stock valued at $1,004,000 after purchasing an additional 6,697 shares in the last quarter. 5.32% of the stock is owned by hedge funds and other 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.