RadNet, Inc. (RDNT) Position Maintained by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. continued to hold its stake in shares of RadNet, Inc. (NASDAQ:RDNT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,000 shares of the medical research company’s stock at the end of the second quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.06% of RadNet worth $233,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in RDNT. Airain ltd acquired a new position in shares of RadNet in the second quarter worth about $100,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of RadNet in the second quarter worth approximately $102,000. Prudential Financial Inc. lifted its position in shares of RadNet by 29.2% in the first quarter. Prudential Financial Inc. now owns 17,710 shares of the medical research company’s stock worth $104,000 after purchasing an additional 4,000 shares in the last quarter. National Planning Corp lifted its position in shares of RadNet by 9.8% in the second quarter. National Planning Corp now owns 16,796 shares of the medical research company’s stock worth $132,000 after purchasing an additional 1,500 shares in the last quarter. Finally, American International Group Inc. lifted its position in shares of RadNet by 7.0% in the first quarter. American International Group Inc. now owns 22,857 shares of the medical research company’s stock worth $135,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 48.61% of the company’s stock.

RDNT has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of RadNet from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Jefferies Group LLC raised shares of RadNet from a “hold” rating to a “buy” rating and increased their price target for the stock from $7.00 to $12.00 in a research report on Tuesday, August 22nd. TheStreet lowered shares of RadNet from a “b-” rating to a “c” rating in a research report on Friday, October 27th. Finally, BidaskClub raised shares of RadNet from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 24th.

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In related news, Director Michael L. Md Sherman sold 8,035 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $11.02, for a total transaction of $88,545.70. Following the transaction, the director now owns 301,957 shares of the company’s stock, valued at $3,327,566.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David L. Swartz sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $10.98, for a total transaction of $274,500.00. Following the transaction, the director now directly owns 274,108 shares in the company, valued at approximately $3,009,705.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,236,900 shares of company stock worth $13,452,504. Insiders own 9.36% of the company’s stock.

Shares of RadNet, Inc. (NASDAQ RDNT) opened at $10.00 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 9.45. The stock has a market cap of $476.24, a P/E ratio of 33.33 and a beta of 0.87. RadNet, Inc. has a 52-week low of $5.25 and a 52-week high of $11.90.

RadNet (NASDAQ:RDNT) last posted its quarterly earnings results on Thursday, November 9th. The medical research company reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. The business had revenue of $227.60 million during the quarter, compared to analyst estimates of $232.84 million. RadNet had a net margin of 1.21% and a return on equity of 25.60%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. research analysts anticipate that RadNet, Inc. will post 0.35 EPS for the current fiscal year.

About RadNet

RadNet, Inc is a provider of freestanding, fixed-site outpatient diagnostic imaging services in the United States. As of December 31, 2016, the Company operated directly or indirectly through joint ventures, 305 centers located in California, Delaware, Florida, Maryland, New Jersey, New York and Rhode Island.

Institutional Ownership by Quarter for RadNet (NASDAQ:RDNT)

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