Virtue Capital Management LLC Has $1.35 Million Stock Holdings in RadNet, Inc. (NASDAQ:RDNT)

Virtue Capital Management LLC boosted its position in RadNet, Inc. (NASDAQ:RDNT) by 1.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 19,389 shares of the medical research company’s stock after acquiring an additional 264 shares during the quarter. Virtue Capital Management LLC’s holdings in RadNet were worth $1,345,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in RDNT. State Street Corp grew its holdings in shares of RadNet by 1.3% during the third quarter. State Street Corp now owns 2,446,179 shares of the medical research company’s stock valued at $169,740,000 after buying an additional 30,244 shares during the last quarter. Geode Capital Management LLC boosted its stake in RadNet by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,555,214 shares of the medical research company’s stock valued at $107,936,000 after purchasing an additional 11,613 shares during the last quarter. Principal Financial Group Inc. increased its holdings in RadNet by 8.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,506,545 shares of the medical research company’s stock worth $104,539,000 after purchasing an additional 118,501 shares in the last quarter. JB Capital Partners LP raised its stake in shares of RadNet by 15.9% in the third quarter. JB Capital Partners LP now owns 1,504,061 shares of the medical research company’s stock worth $104,367,000 after purchasing an additional 206,850 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of RadNet by 11.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,131,849 shares of the medical research company’s stock valued at $78,539,000 after purchasing an additional 119,875 shares in the last quarter. 77.90% of the stock is owned by institutional investors and hedge funds.

Insider Activity at RadNet

In other RadNet news, insider Ranjan Jayanathan sold 38,557 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $80.00, for a total value of $3,084,560.00. Following the sale, the insider now directly owns 192,724 shares in the company, valued at $15,417,920. The trade was a 16.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP David Jeffrey Katz sold 12,300 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $81.65, for a total value of $1,004,295.00. Following the transaction, the executive vice president now directly owns 62,909 shares in the company, valued at $5,136,519.85. This represents a 16.35 % decrease in their position. The disclosure for this sale can be found here. 5.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on RDNT shares. Barclays upped their price target on RadNet from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Jefferies Financial Group upped their target price on shares of RadNet from $82.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Sidoti raised shares of RadNet to a “strong-buy” rating in a research report on Friday, October 4th. Finally, Truist Financial upped their price objective on shares of RadNet from $80.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, November 29th. One analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.75.

RadNet Stock Performance

Shares of RadNet stock opened at $78.92 on Wednesday. The firm has a market cap of $5.84 billion, a PE ratio of -1,127.43 and a beta of 1.77. RadNet, Inc. has a 1 year low of $33.44 and a 1 year high of $93.65. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.16 and a quick ratio of 2.16. The stock has a fifty day moving average price of $73.93 and a 200-day moving average price of $66.23.

RadNet Profile

RadNet, Inc, together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. The company operates in two segments: Imaging Centers and Artificial Intelligence. Its services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology, fluoroscopy, and other related procedures, as well as multi-modality imaging services.