Nutex Health (NASDAQ:NUTX) Announces Quarterly Earnings Results, Beats Estimates By $11.21 EPS

Nutex Health (NASDAQ:NUTX) announced its earnings results on Monday. The company reported $11.12 EPS for the quarter, beating the consensus estimate of ($0.09) by $11.21, Zacks reports. Nutex Health had a negative return on equity of 51.27% and a negative net margin of 14.09%. The company had revenue of $81.30 million for the quarter, compared to analyst estimates of $81.13 million.

Nutex Health Stock Up 51.8 %

Shares of NUTX traded up $24.37 during trading hours on Tuesday, hitting $71.40. The stock had a trading volume of 313,791 shares, compared to its average volume of 47,002. The firm has a 50 day simple moving average of $52.46 and a 200-day simple moving average of $37.03. Nutex Health has a 1-year low of $4.16 and a 1-year high of $72.99. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.77 and a quick ratio of 1.74. The firm has a market capitalization of $388.20 million, a P/E ratio of -7.61 and a beta of 0.01.

Institutional Investors Weigh In On Nutex Health

A hedge fund recently raised its stake in Nutex Health stock. Bank of America Corp DE boosted its holdings in Nutex Health Inc. (NASDAQ:NUTX) by 6,590.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,074 shares of the company’s stock after purchasing an additional 2,043 shares during the quarter. Bank of America Corp DE’s holdings in Nutex Health were worth $66,000 at the end of the most recent quarter. 5.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Maxim Group boosted their price target on Nutex Health from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 13th.

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.