StockNews.com Initiates Coverage on NantHealth (NASDAQ:NH)

StockNews.com assumed coverage on shares of NantHealth (NASDAQ:NH) in a report released on Tuesday. The brokerage issued a hold rating on the stock.

NantHealth Trading Up 13.5 %

Shares of NASDAQ NH opened at $0.39 on Tuesday. The stock has a market cap of $2.98 million, a price-to-earnings ratio of -0.05 and a beta of 1.82. NantHealth has a 1-year low of $1.24 and a 1-year high of $9.75. The stock’s 50-day moving average is $0.39 and its 200 day moving average is $0.39.

Hedge Funds Weigh In On NantHealth

A number of large investors have recently bought and sold shares of the stock. Atria Wealth Solutions Inc. increased its stake in NantHealth by 117.7% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 491,942 shares of the company’s stock worth $205,000 after purchasing an additional 265,949 shares during the period. Millennium Management LLC purchased a new position in shares of NantHealth during the second quarter valued at approximately $110,000. Goldman Sachs Group Inc. purchased a new position in shares of NantHealth during the second quarter valued at approximately $36,000. Finally, Susquehanna International Group LLP purchased a new position in shares of NantHealth during the first quarter valued at approximately $25,000. 4.50% of the stock is owned by hedge funds and other institutional investors.

NantHealth Company Profile

NantHealth, Inc engages in the provision of enterprise solutions that help businesses transform complex data into actionable insights. It is also involved in marketing solutions as a comprehensive integrated solution that includes clinical decision support, payer engagement solutions, data analysis, and network monitoring and management.