Nutex Health Inc. $NUTX Shares Sold by Smith Group Asset Management LLC

Smith Group Asset Management LLC reduced its holdings in shares of Nutex Health Inc. (NASDAQ:NUTX) by 60.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,167 shares of the company’s stock after selling 8,001 shares during the quarter. Smith Group Asset Management LLC’s holdings in Nutex Health were worth $1,094,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC grew its position in shares of Nutex Health by 9.1% during the third quarter. Sterling Capital Management LLC now owns 1,771 shares of the company’s stock worth $375,000 after buying an additional 148 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. acquired a new stake in Nutex Health in the third quarter valued at $2,117,000. State of Alaska Department of Revenue boosted its stake in Nutex Health by 243.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 1,000 shares of the company’s stock valued at $211,000 after acquiring an additional 709 shares during the last quarter. GK Wealth Management LLC acquired a new position in Nutex Health during the 3rd quarter worth $73,000. Finally, WINTON GROUP Ltd acquired a new position in Nutex Health during the 2nd quarter worth $237,000. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Nutex Health

In related news, Director Scott Saunders sold 203 shares of the stock in a transaction dated Friday, September 18th. The shares were sold at an average price of $214.25, for a total value of $43,492.75. Following the completion of the transaction, the director owned 400 shares in the company, valued at $85,700. This represents a 33.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 44.68% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wall Street Zen raised shares of Nutex Health from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. B. Riley Financial reissued a “buy” rating on shares of Nutex Health in a report on Friday, September 4th. Weiss Ratings upgraded Nutex Health from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, October 6th. LADENBURG THALM/SH SH assumed coverage on Nutex Health in a research report on Monday. They set a “buy” rating and a $336.00 price objective for the company. Finally, Zacks Research cut shares of 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 issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.67.

Nutex Health Trading Up 2.1%

NASDAQ:NUTX opened at $212.63 on Thursday. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 8.35 and a beta of 0.55. 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 Inc. has a 1 year low of $83.99 and a 1 year high of $226.16. The business has a fifty day moving average of $202.62 and a 200-day moving average of $150.48.

Nutex Health (NASDAQ:NUTX) last issued its quarterly earnings data on Thursday, August 6th. The company reported $9.38 earnings per share for the quarter, beating analysts’ consensus estimates of $4.95 by $4.43. Nutex Health had a net margin of 21.25% and a return on equity of 39.74%. The business had revenue of $210.75 million for the quarter, compared to analysts’ expectations of $215.03 million. Equities analysts predict that Nutex Health Inc. will post 27.58 earnings per share for the current year.

Nutex Health Company Profile

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.