LSV Asset Management decreased its stake in RadNet Inc. (NASDAQ:RDNT) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 61,352 shares of the company’s stock after selling 1,100 shares during the period. LSV Asset Management owned about 0.13% of RadNet worth $327,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. California Public Employees Retirement System increased its position in shares of RadNet by 2.1% in the second quarter. California Public Employees Retirement System now owns 402,400 shares of the company’s stock valued at $2,149,000 after buying an additional 8,100 shares in the last quarter. California State Teachers Retirement System increased its position in shares of RadNet by 5.9% in the second quarter. California State Teachers Retirement System now owns 77,880 shares of the company’s stock valued at $416,000 after buying an additional 4,349 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of RadNet by 11.9% in the second quarter. Bank of New York Mellon Corp now owns 144,373 shares of the company’s stock valued at $771,000 after buying an additional 15,323 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new position in shares of RadNet during the second quarter valued at approximately $440,000. Finally, Redwood Investments LLC increased its position in shares of RadNet by 32.9% in the second quarter. Redwood Investments LLC now owns 442,430 shares of the company’s stock valued at $2,363,000 after buying an additional 109,563 shares in the last quarter. Institutional investors own 47.07% of the company’s stock.

Shares of RadNet Inc. (NASDAQ:RDNT) traded up 2.34% during trading on Friday, reaching $6.99. The company’s stock had a trading volume of 224,649 shares. The stock has a 50-day moving average of $6.40 and a 200-day moving average of $5.59. RadNet Inc. has a 52-week low of $4.66 and a 52-week high of $7.50. The stock has a market cap of $324.56 million, a P/E ratio of 30.39 and a beta of 1.50.

RadNet (NASDAQ:RDNT) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. The firm earned $224.60 million during the quarter, compared to the consensus estimate of $220.09 million. RadNet had a return on equity of 43.03% and a net margin of 1.25%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 earnings per share. Analysts predict that RadNet Inc. will post $0.26 earnings per share for the current fiscal year.

Several research analysts have recently commented on the company. B. Riley reiterated a “buy” rating and set a $9.00 target price on shares of RadNet in a research note on Saturday, September 3rd. Zacks Investment Research upgraded RadNet from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research note on Saturday, August 13th. Jefferies Group restated a “hold” rating on shares of RadNet in a research note on Friday, August 5th. Finally, Sterne Agee CRT began coverage on RadNet in a research note on Thursday, June 2nd. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. RadNet presently has a consensus rating of “Buy” and a consensus target price of $8.25.

In other news, insider Jeffrey L. Linden sold 30,000 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $6.41, for a total value of $192,300.00. Following the completion of the sale, the insider now directly owns 963,709 shares of the company’s stock, valued at $6,177,374.69. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Mark Stolper sold 35,414 shares of the stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $6.25, for a total value of $221,337.50. Following the completion of the sale, the vice president now directly owns 170,319 shares of the company’s stock, valued at $1,064,493.75. The disclosure for this sale can be found here. 9.18% of the stock is owned by insiders.

RadNet Company Profile

RadNet, Inc is a provider of freestanding, fixed-site outpatient diagnostic imaging services in the United States. The Company operates directly or indirectly through joint ventures with hospitals, approximately 300 centers located in California, Delaware, Florida, Maryland, New Jersey, New York and Rhode Island.

5 Day Chart for NASDAQ:RDNT

Want to see what other hedge funds are holding RDNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for RadNet Inc. (NASDAQ:RDNT).

Receive News & Ratings for RadNet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RadNet Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.