Nutex Health (NASDAQ:NUTX) Sees Strong Trading Volume Following Insider Buying Activity

Shares of Nutex Health Inc. (NASDAQ:NUTX) saw strong trading volume on Monday after an insider bought additional shares in the company. 83,932 shares changed hands during mid-day trading, an increase of 54% from the previous session’s volume of 54,518 shares.The stock last traded at $121.15 and had previously closed at $132.03.

Specifically, CFO Jon Christian Bates bought 1,000 shares of the business’s stock in a transaction dated Tuesday, April 8th. The shares were purchased at an average price 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. This represents a 25.72 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Analyst Ratings Changes

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

Nutex Health Trading Up 7.2 %

The stock’s fifty day moving average price is $65.71 and its 200 day moving average price is $43.52. The stock has a market capitalization of $768.23 million, a P/E ratio of -14.81 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.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NUTX. State Street Corp bought a new position in shares of Nutex Health during the 3rd quarter worth $225,000. Beaird Harris Wealth Management LLC purchased a new position in Nutex Health during the 3rd quarter valued at about $69,000. Drive Wealth Management LLC bought a new stake in shares of Nutex Health in the 4th quarter valued at about $1,122,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Nutex Health in the 4th quarter valued at about $206,000. Finally, Legato Capital Management LLC lifted its position in shares of Nutex Health by 26.8% in the 4th quarter. Legato Capital Management LLC now owns 31,669 shares of the company’s stock worth $1,004,000 after purchasing an additional 6,697 shares during the period. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

About Nutex Health

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.