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

Nutex Health (NASDAQ:NUTX) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

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

Nutex Health Trading Up 5.6%

Shares of NUTX opened at $97.19 on Friday. Nutex Health has a 52-week low of $17.51 and a 52-week high of $184.27. The company has a quick ratio of 2.26, a current ratio of 2.27 and a debt-to-equity ratio of 1.02. The firm’s fifty day moving average is $96.23 and its two-hundred day moving average is $104.60. The stock has a market cap of $540.38 million, a PE ratio of 8.17 and a beta of -0.17.

Hedge Funds Weigh In On Nutex Health

Several institutional investors have recently bought and sold shares of NUTX. Topline Capital Management LLC increased its stake 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 buying an additional 129,418 shares during the period. Marshall Wace LLP boosted its holdings 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 valued at $11,770,000 after acquiring an additional 72,734 shares during the period. Divisadero Street Capital Management LP acquired a new stake in shares of Nutex Health in the second quarter valued at approximately $7,481,000. Geode Capital Management LLC raised its stake in shares of Nutex Health by 116.8% during the second quarter. Geode Capital Management LLC now owns 78,859 shares of the company’s stock worth $9,819,000 after purchasing an additional 42,484 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Nutex Health by 73.0% during the first quarter. American Century Companies Inc. now owns 74,359 shares of the company’s stock worth $3,497,000 after purchasing an additional 31,366 shares during the last quarter. 5.32% of the stock is owned by institutional investors and hedge funds.

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.