Thompson Davis & CO. Inc. Makes New Investment in Nutex Health Inc. (NASDAQ:NUTX)

Thompson Davis & CO. Inc. purchased a new stake in Nutex Health Inc. (NASDAQ:NUTX) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 22,775 shares of the company’s stock, valued at approximately $494,000.

Separately, Essex Investment Management Co. LLC bought a new position in Nutex Health in the third quarter valued at about $1,579,000. Institutional investors own 5.32% of the company’s stock.

Nutex Health Stock Up 2.4 %

Shares of NASDAQ NUTX opened at $28.78 on Wednesday. Nutex Health Inc. has a 1 year low of $4.16 and a 1 year high of $39.48. 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 cap of $156.56 million, a PE ratio of -3.07 and a beta of 0.11. The company has a 50 day simple moving average of $23.82 and a 200 day simple moving average of $14.65.

Insider Activity

In related news, CFO Jon Christian Bates purchased 1,350 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The stock was bought at an average price of $21.46 per share, with a total value of $28,971.00. Following the completion of the purchase, the chief financial officer now owns 2,277 shares in the company, valued at approximately $48,864.42. This represents a 145.63 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 38.52% of the company’s stock.

Analysts Set New Price Targets

NUTX has been the subject of a number of research analyst reports. Maxim Group upped their price objective on shares of Nutex Health from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Benchmark increased their price target on Nutex Health from $45.00 to $60.00 and gave the company a “buy” rating in a research note 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.