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

Nutex Health (NASDAQ:NUTX) released its earnings results on Monday. The company reported $11.12 earnings per share for the quarter, topping 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 firm had revenue of $81.30 million during the quarter, compared to analysts’ expectations of $81.13 million.

Nutex Health Price Performance

NUTX stock traded up $24.37 during midday trading on Tuesday, reaching $71.40. 313,791 shares of the stock were exchanged, compared to its average volume of 47,002. The company has a fifty day moving average price of $52.46 and a 200 day moving average price of $37.03. Nutex Health has a 52 week low of $4.16 and a 52 week high of $72.99. The stock has a market capitalization of $388.20 million, a PE ratio of -7.61 and a beta of 0.01. The company has a debt-to-equity ratio of 3.36, a current ratio of 1.77 and a quick ratio of 1.74.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Nutex Health stock. Bank of America Corp DE grew its holdings in shares of Nutex Health Inc. (NASDAQ:NUTX) by 6,590.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,074 shares of the company’s stock after acquiring an additional 2,043 shares during the period. Bank of America Corp DE’s holdings in Nutex Health were worth $66,000 as of its most recent SEC filing. Institutional investors own 5.32% of the company’s stock.

Analyst Ratings Changes

Separately, Maxim Group upped their price objective on Nutex Health from $50.00 to $75.00 and gave the stock a “buy” rating in a research report 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.