F m Investments LLC Has $3.33 Million Position in RadNet, Inc. $RDNT

F m Investments LLC raised its holdings in shares of RadNet, Inc. (NASDAQ:RDNT) by 1.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 58,579 shares of the medical research company’s stock after buying an additional 782 shares during the period. F m Investments LLC’s holdings in RadNet were worth $3,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RDNT. Praxis Investment Management Inc. bought a new position in shares of RadNet in the second quarter valued at about $225,000. Fulton Bank N.A. bought a new stake in shares of RadNet during the 2nd quarter worth about $389,000. Emerald Advisers LLC grew its stake in RadNet by 4.2% in the 2nd quarter. Emerald Advisers LLC now owns 672,356 shares of the medical research company’s stock valued at $38,264,000 after buying an additional 27,134 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in RadNet by 8.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,952 shares of the medical research company’s stock valued at $965,000 after acquiring an additional 1,363 shares during the period. Finally, TD Asset Management Inc lifted its position in RadNet by 77.9% during the first quarter. TD Asset Management Inc now owns 52,996 shares of the medical research company’s stock worth $2,635,000 after acquiring an additional 23,212 shares during the last quarter. 77.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

RDNT has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of RadNet in a research report on Tuesday. Raymond James Financial restated a “strong-buy” rating and issued a $95.00 price target on shares of RadNet in a research note on Friday, November 14th. Wall Street Zen raised RadNet from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. Morgan Stanley raised RadNet to an “overweight” rating in a report on Monday, August 11th. Finally, Truist Financial upped their price target on shares of RadNet from $81.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, RadNet presently has a consensus rating of “Moderate Buy” and an average price target of $84.00.

Insider Activity

In other news, CAO Mital Patel sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $76.06, for a total value of $1,901,500.00. Following the completion of the transaction, the chief accounting officer directly owned 205,138 shares in the company, valued at approximately $15,602,796.28. The trade was a 10.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Stolper sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $73.89, for a total transaction of $2,586,150.00. Following the sale, the executive vice president directly owned 68,012 shares of the company’s stock, valued at approximately $5,025,406.68. This trade represents a 33.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 96,000 shares of company stock valued at $7,287,864 in the last 90 days. 5.60% of the stock is owned by corporate insiders.

RadNet Price Performance

Shares of NASDAQ RDNT opened at $82.85 on Friday. The business has a fifty day moving average price of $78.05 and a two-hundred day moving average price of $67.17. The stock has a market capitalization of $6.39 billion, a PE ratio of -414.23 and a beta of 1.58. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.00 and a quick ratio of 2.00. RadNet, Inc. has a fifty-two week low of $45.00 and a fifty-two week high of $85.84.

RadNet (NASDAQ:RDNT) last released its earnings results on Monday, November 10th. The medical research company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.03). RadNet had a positive return on equity of 2.41% and a negative net margin of 0.78%.The company had revenue of $522.87 million for the quarter, compared to analyst estimates of $494.19 million. During the same period last year, the company posted $0.18 earnings per share. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. RadNet has set its FY 2025 guidance at EPS. As a group, equities analysts predict that RadNet, Inc. will post 0.56 earnings per share for the current fiscal year.

RadNet Company Profile

RadNet, Inc, together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. The company operates in two segments: Imaging Centers and Artificial Intelligence. Its services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology, fluoroscopy, and other related procedures, as well as multi-modality imaging services.