91,675 Shares in Nutex Health Inc. (NASDAQ:NUTX) Acquired by Arizona State Retirement System

Arizona State Retirement System bought a new stake in Nutex Health Inc. (NASDAQ:NUTX – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 91,675 shares of the company’s stock, valued at approximately $174,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Nisa Investment Advisors LLC purchased a new position in shares of Nutex Health in the 4th quarter valued at approximately $40,000. ProShare Advisors LLC acquired a new stake in shares of Nutex Health in the 4th quarter valued at approximately $61,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Nutex Health in the 4th quarter valued at approximately $68,000. New York State Common Retirement Fund lifted its holdings in shares of Nutex Health by 368.8% in the 4th quarter. New York State Common Retirement Fund now owns 131,689 shares of the company’s stock valued at $250,000 after buying an additional 103,600 shares during the period. Finally, GDS Wealth Management acquired a new stake in shares of Nutex Health in the 4th quarter valued at approximately $127,000. 1.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on NUTX. Northland Securities began coverage on Nutex Health in a report on Wednesday, February 22nd. They issued an “outperform” rating and a $3.00 price target for the company. Benchmark reissued a “buy” rating and issued a $3.00 price target on shares of Nutex Health in a report on Thursday, March 9th.

Nutex Health Stock Performance

Shares of NUTX stock opened at $0.49 on Thursday. The stock has a fifty day moving average price of $0.75 and a 200 day moving average price of $1.24. The stock has a market cap of $318.90 million, a PE ratio of -0.69 and a beta of 0.68. Nutex Health Inc. has a 1 year low of $0.46 and a 1 year high of $11.19. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.78 and a current ratio of 1.85.

Nutex Health (NASDAQ:NUTX – Get Rating) last issued its quarterly earnings data on Thursday, March 2nd. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The firm had revenue of $53.72 million during the quarter, compared to analysts’ expectations of $49.25 million. Nutex Health had a negative return on equity of 21.65% and a negative net margin of 235.02%. Sell-side analysts forecast that Nutex Health Inc. will post -0.03 earnings per share for the current fiscal year.

Nutex Health Company Profile

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Nutex Health, Inc operates technology-enabled healthcare services. It operates through the following segments: Hospital Division, Population Health Management Division, and Real State Division. The Hospital Division is involved in developing and operating a network of micro-hospitals, specialty hospitals and hospital outpatient departments providing comprehensive and high-quality 24/7 care.