Essex Investment Management Co. LLC Takes Position in Nutex Health Inc. (NASDAQ:NUTX)

Essex Investment Management Co. LLC acquired a new position in Nutex Health Inc. (NASDAQ:NUTX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 72,785 shares of the company’s stock, valued at approximately $1,579,000. Essex Investment Management Co. LLC owned about 1.46% of Nutex Health as of its most recent SEC filing.

Separately, One Plus One Wealth Management LLC lifted its holdings in Nutex Health by 2,017.5% during the 1st quarter. One Plus One Wealth Management LLC now owns 5,293,720 shares of the company’s stock worth $508,000 after buying an additional 5,043,720 shares during the period. 5.32% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Jon Christian Bates acquired 1,350 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was purchased at an average price of $21.46 per share, for a total transaction of $28,971.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,277 shares in the company, valued at $48,864.42. The trade was a 100.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 38.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NUTX. Maxim Group initiated coverage on Nutex Health in a research report on Wednesday, September 18th. They set a “buy” rating and a $45.00 price objective for the company. Benchmark raised their price target on shares of Nutex Health from $30.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st.

Nutex Health Trading Up 4.6 %

Shares of NASDAQ:NUTX traded up $0.87 during mid-day trading on Friday, hitting $19.79. The company had a trading volume of 45,091 shares, compared to its average volume of 39,549. The company has a debt-to-equity ratio of 3.04, a current ratio of 1.59 and a quick ratio of 1.55. Nutex Health Inc. has a one year low of $4.16 and a one year high of $45.00. The firm has a fifty day moving average price of $19.41 and a 200 day moving average price of $11.49. The company has a market capitalization of $98.40 million, a PE ratio of -1.87 and a beta of 0.10.

Nutex Health (NASDAQ:NUTX) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.29) by $0.22. The firm had revenue of $76.08 million for the quarter. Nutex Health had a negative net margin of 13.73% and a negative return on equity of 43.79%.

Nutex Health 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.