State Board of Administration of Florida Retirement System reduced its holdings in shares of RadNet, Inc. (NASDAQ:RDNT – Get Rating) by 36.5% during the second quarter, HoldingsChannel.com reports. The fund owned 25,227 shares of the medical research company’s stock after selling 14,486 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in RadNet were worth $436,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. First Manhattan Co. bought a new stake in RadNet during the first quarter worth $82,000. Captrust Financial Advisors increased its position in RadNet by 54.0% in the first quarter. Captrust Financial Advisors now owns 4,123 shares of the medical research company’s stock worth $92,000 after buying an additional 1,446 shares during the last quarter. Mutual of America Capital Management LLC increased its position in RadNet by 10.9% in the first quarter. Mutual of America Capital Management LLC now owns 6,718 shares of the medical research company’s stock worth $150,000 after buying an additional 658 shares during the last quarter. KBC Group NV increased its position in RadNet by 79.9% in the first quarter. KBC Group NV now owns 8,660 shares of the medical research company’s stock worth $194,000 after buying an additional 3,845 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in RadNet in the first quarter worth $227,000. 69.42% of the stock is currently owned by institutional investors.
RadNet Stock Performance
NASDAQ:RDNT opened at $16.66 on Monday. The company has a market capitalization of $955.63 million, a P/E ratio of 138.84 and a beta of 1.56. RadNet, Inc. has a 1 year low of $12.03 and a 1 year high of $31.20. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.79 and a quick ratio of 0.79. The business has a fifty day simple moving average of $18.70 and a two-hundred day simple moving average of $19.26.
Wall Street Analyst Weigh In
RadNet, Inc, together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. 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.
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