Nutex Health (NASDAQ:NUTX) Shares Gap Down – Time to Sell?

Shares of Nutex Health Inc. (NASDAQ:NUTX) gapped down prior to trading on Friday. The stock had previously closed at $193.64, but opened at $175.50. Nutex Health shares last traded at $178.7460, with a volume of 33,018 shares trading hands.

Wall Street Analyst Weigh In

NUTX has been the topic of several recent research reports. Wall Street Zen lowered Nutex Health from a “buy” rating to a “hold” rating in a research report on Saturday, October 31st. B. Riley Financial reissued a “buy” rating on shares of Nutex Health in a research note on Friday, September 4th. Weiss Ratings raised Nutex Health from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, October 6th. Lake Street Capital restated a “buy” rating and set a $310.00 target price (up from $235.00) on shares of Nutex Health in a report on Tuesday, August 11th. Finally, Zacks Research lowered Nutex Health from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $323.67.

Nutex Health Stock Performance

The stock has a fifty day simple moving average of $203.37 and a 200-day simple moving average of $151.24. The stock has a market cap of $1.25 billion, a P/E ratio of 7.21 and a beta of 0.66. The company has a debt-to-equity ratio of 0.59, a quick ratio of 4.96 and a current ratio of 5.00.

Nutex Health (NASDAQ:NUTX) last released its earnings results on Thursday, November 5th. The company reported $5.71 EPS for the quarter, beating the consensus estimate of $5.54 by $0.17. Nutex Health had a return on equity of 39.74% and a net margin of 21.25%. The firm had revenue of $217.61 million for the quarter, compared to analysts’ expectations of $214.82 million. On average, equities analysts expect that Nutex Health Inc. will post 26.65 earnings per share for the current year.

Insider Activity

In related news, Director Scott Saunders sold 203 shares of the company’s stock in a transaction dated Friday, September 18th. The stock was sold at an average price of $214.25, for a total transaction of $43,492.75. Following the sale, the director owned 400 shares in the company, valued at approximately $85,700. This represents a 33.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 44.68% of the company’s stock.

Institutional Investors Weigh In On Nutex Health

Several large investors have recently made changes to their positions in the stock. Fulcrum Asset Management LLP grew its stake in shares of Nutex Health by 168.8% in the third quarter. Fulcrum Asset Management LLP now owns 1,930 shares of the company’s stock valued at $405,000 after buying an additional 1,212 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Nutex Health by 10.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,639 shares of the company’s stock worth $773,000 after acquiring an additional 335 shares in the last quarter. Bridge City Capital LLC bought a new stake in Nutex Health during the third quarter worth $3,918,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Nutex Health by 3.8% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 5,500 shares of the company’s stock valued at $1,164,000 after acquiring an additional 200 shares during the last quarter. Finally, BOKF NA acquired a new stake in Nutex Health in the third quarter valued at $501,000. Institutional investors and hedge funds own 5.32% of the company’s stock.

About Nutex Health

Nutex Health, Inc (NASDAQ:NUTX) is a physician-led healthcare services company that operates an integrated network of hospitals, medical facilities and physician practices in the United States. The company focuses on providing convenient, community-based care through its micro-hospitals and other healthcare locations.

Its hospital operations generally include emergency services, inpatient care, diagnostic testing and outpatient treatment. Nutex also operates physician networks and supports primary care and specialty providers.