Geode Capital Management LLC Sells 213,846 Shares of Nutex Health Inc. (NASDAQ:NUTX)

Geode Capital Management LLC reduced its holdings in shares of Nutex Health Inc. (NASDAQ:NUTX) by 87.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,299 shares of the company’s stock after selling 213,846 shares during the quarter. Geode Capital Management LLC owned approximately 0.56% of Nutex Health worth $658,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. State Street Corp bought a new stake in Nutex Health during the third quarter worth $225,000. Thompson Davis & CO. Inc. bought a new stake in Nutex Health during the third quarter worth $494,000. International Assets Investment Management LLC bought a new stake in Nutex Health during the third quarter worth $188,000. Finally, Essex Investment Management Co. LLC bought a new stake in Nutex Health during the third quarter worth $1,579,000. 5.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Maxim Group lifted their price target on Nutex Health from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Benchmark raised their target price on Nutex Health from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th.

Nutex Health Stock Performance

NASDAQ:NUTX opened at $30.88 on Friday. 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 business has a fifty day simple moving average of $32.62 and a two-hundred day simple moving average of $21.83. Nutex Health Inc. has a 1 year low of $4.16 and a 1 year high of $41.44. The company has a market capitalization of $167.89 million, a P/E ratio of -3.29 and a beta of 0.18.

About Nutex Health

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.