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

Drive Wealth Management LLC acquired a new position in Nutex Health Inc. (NASDAQ:NUTX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 35,403 shares of the company’s stock, valued at approximately $1,122,000. Drive Wealth Management LLC owned about 0.65% of Nutex Health at the end of the most recent quarter.

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

Nutex Health Price Performance

Shares of NASDAQ:NUTX opened at $42.54 on Monday. Nutex Health Inc. has a 1-year low of $4.16 and a 1-year high of $44.50. The business has a fifty day moving average price of $34.13 and a 200-day moving average price of $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 released its quarterly earnings results on Thursday, November 7th. The company reported ($1.72) earnings per share (EPS) for the quarter. The firm had revenue of $78.79 million for the quarter. Nutex Health had a negative net margin of 14.09% and a negative return on equity of 51.27%.

Wall Street Analyst Weigh In

NUTX has been the subject of several recent research reports. Benchmark raised their price objective on Nutex Health from $45.00 to $60.00 and gave the company a “buy” rating in a research report 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 report on Tuesday, November 12th.

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.