Nutex Health (NASDAQ:NUTX) Announces Earnings Results, Beats Expectations By $2.48 EPS

Nutex Health (NASDAQ:NUTX) issued its quarterly earnings data on Tuesday. The company reported ($2.95) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.43) by $2.48, Zacks reports. Nutex Health had a net margin of 10.76% and a return on equity of 42.08%.

Nutex Health Trading Down 4.6%

Shares of Nutex Health stock traded down $4.75 during trading hours on Tuesday, reaching $99.20. 164,098 shares of the company’s stock were exchanged, compared to its average volume of 145,365. Nutex Health has a 52-week low of $27.29 and a 52-week high of $184.27. The company has a fifty day moving average of $107.60 and a 200-day moving average of $113.43. The company has a current ratio of 2.27, a quick ratio of 2.26 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $551.06 million, a price-to-earnings ratio of 8.34 and a beta of -0.23.

Wall Street Analysts Forecast Growth

NUTX has been the subject of several recent research reports. Wall Street Zen downgraded shares of Nutex Health from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 18th. Maxim Group set a $205.00 target price on shares of Nutex Health and gave the company a “buy” rating in a report on Tuesday, August 26th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Nutex Health in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $252.50.

Institutional Trading of Nutex Health

A number of hedge funds have recently added to or reduced their stakes in NUTX. Legal & General Group Plc acquired a new position in shares of Nutex Health during the 2nd quarter valued at about $454,000. California State Teachers Retirement System acquired a new stake in shares of Nutex Health in the second quarter worth approximately $444,000. PharVision Advisers LLC purchased a new stake in Nutex Health in the third quarter valued at approximately $420,000. Captrust Financial Advisors acquired a new position in Nutex Health during the second quarter worth approximately $264,000. Finally, Invesco Ltd. purchased a new position in Nutex Health during the second quarter worth approximately $258,000. 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.