Drive Wealth Management LLC Makes New $1.12 Million Investment in Nutex Health Inc. (NASDAQ:NUTX)

Drive Wealth Management LLC bought a new stake in shares of Nutex Health Inc. (NASDAQ:NUTX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 35,403 shares of the company’s stock, valued at approximately $1,122,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Beaird Harris Wealth Management LLC purchased a new stake in Nutex Health in the third quarter worth $69,000. State Street Corp purchased a new stake in Nutex Health in the third quarter worth $225,000. Thompson Davis & CO. Inc. purchased a new stake in Nutex Health in the third quarter worth $494,000. International Assets Investment Management LLC purchased a new stake in Nutex Health in the third quarter worth $188,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Nutex Health in the third quarter worth $1,579,000. 5.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on NUTX. Benchmark increased their target price on Nutex Health from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Maxim Group raised their price target on Nutex Health from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th.

Nutex Health Stock Performance

Shares of Nutex Health stock opened at $42.54 on Monday. Nutex Health Inc. has a 12 month low of $4.16 and a 12 month high of $44.50. The stock’s fifty day moving average price is $34.13 and its 200-day moving average price is $24.17. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.74 and a current ratio of 1.77.

Nutex Health (NASDAQ:NUTX) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($1.72) earnings per share for the quarter. Nutex Health had a negative net margin of 14.09% and a negative return on equity of 51.27%. The company had revenue of $78.79 million for the quarter.

About Nutex Health

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.