Several investors and hedge funds have recently traded RadNet shares. Vanguard Group increased its stake by 8.1% in Q1, now owning 4.6 million shares worth approximately $223.9 million. Principal Financial Group raised its holdings by 11.8%, owning 1.4 million shares valued at $70.2 million. Hood River Capital Management grew its stake by 5.1%, now holding 1.1 million shares valued at $66.3 million. Global Alpha Capital Managements holdings increased by 16.2% to over 1 million shares worth $49.6 million. Finally, Allspring Global Investments more than doubled its position, owning over 1 million shares valued at $59.6 million. Institutional investors and hedge funds own 77.90% of RadNet stock.
Analyst Ratings
Analysts have recently updated their views on RadNet (RDNT). Truist Financial raised its price target from $70 to $80 with a buy rating. Barclays upgraded it from equal weight to overweight, increasing their target from $57 to $79. Jefferies Financial also raised its target from $75 to $80 with a buy rating. One analyst rates it as a sell, while four give it a buy rating. The consensus rating is a Moderate Buy with a target of $74.75.
Price Performance
RadNet’s stock opened at $66.96. It has a 50-day moving average of $64.46 and a 200-day average of $58.64. The company has a quick ratio of 2.12 and a debt-to-equity ratio of 0.92. Over the past year, the stock reached a low of $25.11 and a high of $71.92, with a market cap of $4.95 billion. In its latest earnings report, RadNet posted an EPS of $0.16, slightly below expectations, with a revenue of $459.7 million, surpassing estimates.
Insider Transactions
On August 21, EVP Michael N. Murdock sold 15,000 shares at an average price of $62.78, totaling around $941,700. After the sale, he holds 48,144 shares valued at over $3 million. Insiders own 5.12% of the stock.
About RadNet
RadNet, Inc. operates outpatient diagnostic imaging services in the U.S., offering MRI, CT, PET scans, and more.
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Want more on RadNets hedge fund holdings? Visit HoldingsChannel.com for the latest filings.
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