Nutex Health (NASDAQ:NUTX) Releases Quarterly Earnings Results, Beats Expectations By $11.21 EPS

Nutex Health (NASDAQ:NUTX) posted its earnings results on Monday. The company reported $11.12 earnings per share for the quarter, beating 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 company had revenue of $81.30 million for the quarter, compared to analyst estimates of $81.13 million.

Nutex Health Stock Performance

NUTX stock traded up $24.37 during trading on Tuesday, reaching $71.40. 314,116 shares of the stock were exchanged, compared to its average volume of 50,964. Nutex Health has a twelve month low of $4.16 and a twelve month high of $72.81. The company has a current ratio of 1.77, a quick ratio of 1.74 and a debt-to-equity ratio of 3.36. The company has a market capitalization of $388.20 million, a P/E ratio of -7.61 and a beta of 0.01. The stock has a 50 day simple moving average of $52.46 and a 200-day simple moving average of $37.03.

Wall Street Analyst Weigh In

Separately, Maxim Group raised their price objective on shares of Nutex Health from $50.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th.

Institutional Trading of Nutex Health

A hedge fund recently raised its stake in Nutex Health stock. Bank of America Corp DE increased its position in Nutex Health Inc. (NASDAQ:NUTX) by 6,590.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,074 shares of the company’s stock after purchasing an additional 2,043 shares during the quarter. Bank of America Corp DE’s holdings in Nutex Health were worth $66,000 at the end of the most recent quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

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.