Harbor Capital Advisors Inc. Has $28.98 Million Stock Holdings in RadNet, Inc. (NASDAQ:RDNT)

Harbor Capital Advisors Inc. grew its holdings in RadNet, Inc. (NASDAQ:RDNT) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 415,000 shares of the medical research company’s stock after purchasing an additional 12,795 shares during the quarter. RadNet makes up approximately 1.3% of Harbor Capital Advisors Inc.’s holdings, making the stock its 3rd biggest holding. Harbor Capital Advisors Inc. owned about 0.56% of RadNet worth $28,984,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC boosted its holdings in RadNet by 1.8% during the third quarter. HighTower Advisors LLC now owns 7,861 shares of the medical research company’s stock worth $545,000 after buying an additional 136 shares during the last quarter. AQR Capital Management LLC boosted its stake in RadNet by 3.2% during the 2nd quarter. AQR Capital Management LLC now owns 5,131 shares of the medical research company’s stock worth $302,000 after acquiring an additional 160 shares during the last quarter. Chartwell Investment Partners LLC boosted its stake in RadNet by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 24,883 shares of the medical research company’s stock worth $1,726,000 after acquiring an additional 193 shares during the last quarter. Virtue Capital Management LLC grew its holdings in RadNet by 1.4% during the third quarter. Virtue Capital Management LLC now owns 19,389 shares of the medical research company’s stock valued at $1,345,000 after purchasing an additional 264 shares during the period. Finally, Crossmark Global Holdings Inc. increased its stake in RadNet by 6.3% in the third quarter. Crossmark Global Holdings Inc. now owns 4,958 shares of the medical research company’s stock valued at $344,000 after purchasing an additional 296 shares in the last quarter. Institutional investors and hedge funds own 77.90% of the company’s stock.

Insider Transactions at RadNet

In other news, insider Ranjan Jayanathan sold 38,557 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $80.00, for a total value of $3,084,560.00. Following the completion of the sale, the insider now owns 192,724 shares of the company’s stock, valued at approximately $15,417,920. This represents a 16.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David Jeffrey Katz sold 12,300 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $81.65, for a total transaction of $1,004,295.00. Following the completion of the transaction, the executive vice president now directly owns 62,909 shares of the company’s stock, valued at $5,136,519.85. This represents a 16.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays boosted their price target on shares of RadNet from $79.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Sidoti upgraded RadNet to a “strong-buy” rating in a report on Friday, October 4th. Truist Financial lifted their price objective on RadNet from $80.00 to $94.00 and gave the company a “buy” rating in a report on Friday, November 29th. Finally, Jefferies Financial Group raised their target price on shares of RadNet from $82.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $84.75.

RadNet Stock Down 3.8 %

NASDAQ RDNT traded down $2.71 during trading on Friday, hitting $69.54. The stock had a trading volume of 132,873 shares, compared to its average volume of 394,844. The company has a market capitalization of $5.15 billion, a PE ratio of -993.29 and a beta of 1.79. RadNet, Inc. has a 12 month low of $35.16 and a 12 month high of $93.65. The company’s 50-day moving average price is $76.41 and its two-hundred day moving average price is $68.27. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.16 and a current ratio of 2.16.

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.